USDA Loan Calculator

There are dozens of loan payment calculators online but few focus on USDA Loans. For those of you interested in the Rural Housing Program (USDA), we’ve taken the time to give you some specific insights on how to accurately estimate your USDA payment with our calculator. 

Other USDA Resources: 

    Other Helpful Resources:

    DID YOU KNOW?  A USDA Loan payment is typically comprised of 4 components: the loan payment (P&I or principal and interest), Property Taxes, Homeowner’s Insurance (HOI) and Mortgage Insurance (the USDA Guarantee Fee). Our USDA loan calculator will help you estimate all four aspects.

    Calculate Your Estimated USDA Loan Payment

    USDA Loan Calculator Tips:

    1. Loan amount – Assuming you're taking advantage of the USDA NO MONEY down option, this will be your purchase price PLUS 1% for the USDA Guarantee Fee. So if you’re buying a $200,000 home, your loan amount would be $202,000. The USDA does not have a max loan amount so you can borrow as much as you can qualify for.
    2. Loan term – the most common term is 30 years, but there are options for 25, 20, 15 and 10. The term itself is the most important factor in determining your payment.
    3. Property tax – your county or parish assesses property taxes and they will vary with each home.Interest rate – rates can be dependent on credit score. Give one of our licensed loan advisors a call and we can provide you some quotes and personal options. As of today, rates range anywhere from 3.750%-5.000% on a 30-year fixed in most instances, but will vary based on credit, term and discount points charged. For Property Tax estimates in your state, see below the calculator to find your states average tax rate. It’s based off a percentage of the purchase price.
    4. Homeowner’s Insurance – if you have good credit and buying a newer home use .45% of your loan amount for a decent estimate. Use .55% if you’re buying a older home or have fair/poor credit (low-to-mid 600’s).



    Average Property Tax rates for USDA Mortgage Loan Calculator

    .6% per year – Alabama, Arizona, Arkansas, California, Colorado, DC, Delaware, Hawaii, Idaho, Kentucky, Louisiana, Mississippi, Montana, New Mexico, South Carolina, Tennessee, Utah, Virginia, West Virginia, Wyoming 

    1.15% per year – Alaska, Florida, Georgia, Indiana, Maryland, Massachusetts, Minnesota, Missouri, North Carolina, North Dakota, Oklahoma, Oregon, Washington

    1.45% per year – Iowa, Kansas, Maine, Ohio, Pennsylvania, South Dakota

    1.75% per year – Michigan, Nebraska, New York, Rhode Island, Texas, Vermont

    2% per year – Connecticut, New Hampshire, Wisconsin

    2.4% per year – Illinois & New Jersey (some Texas cities are here as well)

    Find out if you qualify for a USDA loan today


    Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.