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USDA loan calculator

USDA guaranteed loans let eligible buyers in rural and many suburban areas buy with no down payment. See the full monthly payment with USDA's fees.

Home price
Down payment$0
%
Interest rateAPR, fixed
%

Estimated monthly payment

$1,982.11

Loan $252,500 · 30-year fixed

  • Principal & interest$1,554.69
  • USDA annual fee$73.25
  • Property tax$229.17
  • Home insurance$125.00

USDA loans require a home in an eligible rural area and household income at or below 115% of the area median. Check both on the USDA eligibility site.

Upfront fee
$2,500
Total loan
$252,500
Cash at closing*
$0
Total annual fees
$17,202

*Down payment plus the upfront fee if paid in cash. Other closing costs not included.

Monthly payment$1,982.11

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USDA guarantee fees (fiscal year 2026)

Upfront fee
1%
Annual fee
0.35%
Minimum down
0%

Fees are set each federal fiscal year (starting October 1). Confirm current fees with your lender.

Assumptions

  • Guarantee fees for USDA fiscal year: 1% upfront and 0.35% a year, paid for the life of the loan.
  • The annual fee is recalculated each year on the average scheduled balance, so it shrinks slowly.
  • Doesn't check USDA income limits or property eligibility.

Frequently asked questions

Do USDA loans really require no down payment?+

Yes. USDA guaranteed loans finance up to 100% of the price (plus the upfront fee), as long as the home is in an eligible rural area and your household income is within the limit.

How much are USDA fees?+

For USDA's 2026 fiscal year: an upfront guarantee fee of 1% of the loan (usually rolled into it) and an annual fee of 0.35%, charged monthly for the life of the loan.

Who qualifies for a USDA loan?+

Household income generally can't exceed 115% of the area median income; the home must be in a USDA-eligible rural area. Check eligibility on the USDA site. Lenders typically also look for a credit score around 640+ and a debt-to-income ratio near 29% housing / 41% total.

USDA vs FHA — which is cheaper?+

When you qualify, USDA is usually cheaper: no down payment, a 1% upfront fee instead of FHA's 1.75%, and a 0.35% annual fee instead of FHA's typical 0.55%.

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Uses 2026 rules and limits. Last reviewed October 15, 2026. Calculator version 1.0.0. Sources: USDA Rural Development — Fiscal Year 2026 Conditional Commitment Notice · USDA Rural Development — Single Family Housing Guaranteed Loan Program. Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.