Any Month Mortgage

USDA loan calculator

Your USDA loan payment with both guarantee fees: the upfront fee added to the loan, and the annual fee paid monthly for the life of the loan.

Loan type
Program
$
$
%
%
years
Term in

Adds dates to the schedule, and shows what you owe now and what it would take to pay off. The exact date makes the payoff exact to the day.

Payments

Program fees as of 2026-09-21. Check the current figures with your lender.

Taxes, insurance
$
$
Points and lender fees
%
$

One point costs 1% of the loan, paid at closing to buy a lower rate: enter the rate it buys above. Lender fees are the lender's own charges for making the loan (origination, underwriting, processing), the ones counted in the APR. Leave out title, appraisal and escrow items.

Tax deduction (estimate)
Home value and inflation
% a year
% a year

Assumptions, not forecasts, for “Equity and today's dollars” below the schedule. The Federal Reserve's longer-run goal for inflation is 2%.

Extra payments
$
Monthly payment$2,671.06$2,553.81 principal and interest, $117.25 USDA fee
Loan amount
$404,040.40includes $4,040.40 USDA guarantee fee
APR
6.950%the 6.5% rate plus USDA guarantee fee and USDA fee
Total interest
$515,331.01
Total of all payments
$947,119.97
Paid off in
30 years
USDA fee
$27,748.56 in allfor the life of the loan

Saved loans

Kept in this browser only, not sent anywhere. Clearing your browser's site data removes them.

Balance and interest over time
  • Balance owed
  • Interest paid to date
Where each year's payments go
  • Principal
  • Interest

Monthly, twice a month or every two weeks

Amortization schedule

Choose “Pay extra” on any payment to put more toward the principal that month.

PaymentInterestPrincipalExtraTax, ins. & USDA feeTotal paidBalanceInterest to date
1$2,188.55$365.26—$117.25$2,671.06$403,675.14$2,188.55
2$2,186.57$367.24—$117.25$2,671.06$403,307.90$4,375.12
3$2,184.58$369.23—$117.25$2,671.06$402,938.67$6,559.70
4$2,182.58$371.23—$117.25$2,671.06$402,567.44$8,742.28
5$2,180.57$373.24—$117.25$2,671.06$402,194.20$10,922.85
6$2,178.55$375.26—$117.25$2,671.06$401,818.94$13,101.40
7$2,176.52$377.29—$117.25$2,671.06$401,441.65$15,277.92
8$2,174.48$379.33—$117.25$2,671.06$401,062.32$17,452.40
9$2,172.42$381.39—$117.25$2,671.06$400,680.93$19,624.82
10$2,170.36$383.45—$117.25$2,671.06$400,297.48$21,795.18
11$2,168.28$385.53—$117.25$2,671.06$399,911.95$23,963.46
12$2,166.19$387.62—$117.25$2,671.06$399,524.33$26,129.65
13$2,164.09$389.72—$115.89$2,669.70$399,134.61$28,293.74
14$2,161.98$391.83—$115.89$2,669.70$398,742.78$30,455.72
15$2,159.86$393.95—$115.89$2,669.70$398,348.83$32,615.58
16$2,157.72$396.09—$115.89$2,669.70$397,952.74$34,773.30
17$2,155.58$398.23—$115.89$2,669.70$397,554.51$36,928.88
18$2,153.42$400.39—$115.89$2,669.70$397,154.12$39,082.30
19$2,151.25$402.56—$115.89$2,669.70$396,751.56$41,233.55
20$2,149.07$404.74—$115.89$2,669.70$396,346.82$43,382.62
21$2,146.88$406.93—$115.89$2,669.70$395,939.89$45,529.50
22$2,144.67$409.14—$115.89$2,669.70$395,530.75$47,674.17
23$2,142.46$411.35—$115.89$2,669.70$395,119.40$49,816.63
24$2,140.23$413.58—$115.89$2,669.70$394,705.82$51,956.86
25$2,137.99$415.82—$114.44$2,668.25$394,290.00$54,094.85
26$2,135.74$418.07—$114.44$2,668.25$393,871.93$56,230.59
27$2,133.47$420.34—$114.44$2,668.25$393,451.59$58,364.06
28$2,131.20$422.61—$114.44$2,668.25$393,028.98$60,495.26
29$2,128.91$424.90—$114.44$2,668.25$392,604.08$62,624.17
30$2,126.61$427.20—$114.44$2,668.25$392,176.88$64,750.78
31$2,124.29$429.52—$114.44$2,668.25$391,747.36$66,875.07
32$2,121.96$431.85—$114.44$2,668.25$391,315.51$68,997.03
33$2,119.63$434.18—$114.44$2,668.25$390,881.33$71,116.66
34$2,117.27$436.54—$114.44$2,668.25$390,444.79$73,233.93
35$2,114.91$438.90—$114.44$2,668.25$390,005.89$75,348.84
36$2,112.53$441.28—$114.44$2,668.25$389,564.61$77,461.37
37$2,110.14$443.67—$112.90$2,666.71$389,120.94$79,571.51
38$2,107.74$446.07—$112.90$2,666.71$388,674.87$81,679.25
39$2,105.32$448.49—$112.90$2,666.71$388,226.38$83,784.57
40$2,102.89$450.92—$112.90$2,666.71$387,775.46$85,887.46
41$2,100.45$453.36—$112.90$2,666.71$387,322.10$87,987.91
42$2,097.99$455.82—$112.90$2,666.71$386,866.28$90,085.90
43$2,095.53$458.28—$112.90$2,666.71$386,408.00$92,181.43
44$2,093.04$460.77—$112.90$2,666.71$385,947.23$94,274.47
45$2,090.55$463.26—$112.90$2,666.71$385,483.97$96,365.02
46$2,088.04$465.77—$112.90$2,666.71$385,018.20$98,453.06
47$2,085.52$468.29—$112.90$2,666.71$384,549.91$100,538.58
48$2,082.98$470.83—$112.90$2,666.71$384,079.08$102,621.56
49$2,080.43$473.38—$111.25$2,665.06$383,605.70$104,701.99
50$2,077.86$475.95—$111.25$2,665.06$383,129.75$106,779.85
51$2,075.29$478.52—$111.25$2,665.06$382,651.23$108,855.14
52$2,072.69$481.12—$111.25$2,665.06$382,170.11$110,927.83
53$2,070.09$483.72—$111.25$2,665.06$381,686.39$112,997.92
54$2,067.47$486.34—$111.25$2,665.06$381,200.05$115,065.39
55$2,064.83$488.98—$111.25$2,665.06$380,711.07$117,130.22
56$2,062.18$491.63—$111.25$2,665.06$380,219.44$119,192.40
57$2,059.52$494.29—$111.25$2,665.06$379,725.15$121,251.92
58$2,056.84$496.97—$111.25$2,665.06$379,228.18$123,308.76
59$2,054.15$499.66—$111.25$2,665.06$378,728.52$125,362.91
60$2,051.45$502.36—$111.25$2,665.06$378,226.16$127,414.36

Equity and today's dollars

With the home's value rising 3% a year and inflation at 2% (assumptions you can change under “Home value and inflation”).

AfterHome valueStill owedEquity
1 year$412,000$399,524$12,4763% of the value
5 years$463,710$378,226$85,48318% of the value
10 years$537,567$342,530$195,03736% of the value
15 years$623,187$293,168$330,01953% of the value
20 years$722,444$224,910$497,53469% of the value
25 years$837,511$130,522$706,98984% of the value
30 years$970,905$0$970,905100% of the value

Everything paid over the loan comes to $947,120. At 2% inflation that's worth $714,978 in today's dollars: a payment that stays the same costs less in real terms every year.

USDA guaranteed loans

USDA Single Family Housing Guaranteed Loans help buyers in eligible rural and suburban areas, within income limits, buy with no down payment. The loan comes from a private lender, and USDA Rural Development guarantees it. Instead of mortgage insurance, it carries two guarantee fees:

These are USDA's rates for its fiscal year 2026, which runs to 30 September 2026. USDA can change them each fiscal year, within the maximums in the regulation (7 CFR 3555.107): 3.5% upfront and 0.5% a year. The rates for fiscal year 2027 hadn't been announced when this page was checked, so ask your lender which rates apply to your loan.

Who can use one

The main rules, from USDA's regulations:

USDA's eligibility site lets you check a property address and your household's income against the current limits. Your lender and USDA make the final decision.

How the calculator works it out

With “Add the upfront fee to the loan” ticked, the calculator finds the loan whose 1% fee, added to the base amount, makes up the total:

loan = base loan ÷ (1 − 0.01)

Unticked, the fee is 1% of the base loan, paid at closing. For the annual fee, it averages the balance scheduled for each year of the loan, takes 0.35% of that, and splits it into 12 monthly amounts. The fee falls a little each year as the balance does, and follows the original schedule, so extra payments don't reduce it, though paying the loan off early ends it.

Worked examples

All use 6.5% over 30 years, with nothing down, before taxes and homeowners insurance.

A $400,000 home

The upfront fee of $4,040.40 brings the loan to $404,040.40. Principal and interest is $2,553.81, and the first year's annual fee adds $117.25 a month, for $2,671.06. The annual fee is $115.89 a month in year 2 and $96.17 in year 12, and comes to about $27,750 over the loan.

Paying the fee at closing instead costs $4,000 (1% of $400,000). The loan stays at $400,000, principal and interest drops to $2,528.27, the annual fee to $116.08, and the total to $2,644.35. That saves about $5,150 of interest over 30 years, in exchange for more cash up front.

A $250,000 home, and FHA for comparison

The upfront fee is $2,525.25, the loan $252,525.25, and the payment $1,669.41: $1,596.13 of principal and interest plus $73.28 of annual fee. For comparison, an FHA loan on the same home at the same rate, with the minimum 3.5% down ($8,750), comes to $1,661.56 a month, including $110.01 of FHA mortgage insurance. The payments are close, but USDA needs no down payment. Real rates differ by program, so compare with rates you've been quoted.

Pitfalls and things to check

Common questions

Does a USDA loan have PMI?

No, but the annual guarantee fee works in a similar way: a monthly charge added to your payment. Unlike PMI, it lasts for the life of the loan.

Can I remove the USDA annual fee?

Not while you keep the loan; it runs for the life of the loan. Refinancing into a different loan ends it. The refinance calculator compares the principal and interest of the two.

Is there a down payment?

No down payment is required, though you can make one. Enter it to see a smaller loan and lower fees.

How do I know if a home is eligible?

Check the address on USDA's eligibility site, which also has the income limits for the area.

How much house can I afford with a USDA loan?

Choose USDA in the affordability calculator. To set a USDA loan next to an FHA or conventional one, use compare mortgages.

Fees for USDA's fiscal year 2026 (to 30 September 2026), as of 21 September 2026. USDA sets new fees each fiscal year; check the current figures with your lender.