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USDA Mortgage Calculator

Today's Home Equity Rates
Check Today's Mortgage Rates

USDA Mortgage Calculator with taxes and insurance to calculate USDA loan payments. The USDA Loan Calculator has options for property tax, home insurance, payment frequency (monthly and bi-weekly), monthly HOA fees, and extra payments with a printable amortization schedule.

USDA Loan Calculator

Home Value
$
Down Payment
Base Mortgage Amount
$
Loan Terms
Interest Rate
USDA Guarantee Fee
%
Annual Mortgage Insurance
%
Final Mortgage Amount
$
Property Tax (Yearly)
Home Insurance (Yearly)
HOA Fees (Monthly)
Payment Frequency
First Payment Date

Amortization schedule
Extra Payments
One Time
$ On Date
Monthly or Biweekly
$ Starting Date
Quarterly
$ Starting Date
Yearly
$ Starting Date

USDA Mortgage Calculator Results

Home Value: $300,000.00
Mortgage Amount: $303,000.00
Monthly Principal & Interest: $1,626.57
Monthly Extra Payment: $0.00
Monthly Property Tax: $233.33
Monthly Home Insurance: $69.17
Monthly Mortgage Insurance: $87.50
Monthly HOA Fees: $0.00
Total Monthly Payment:
$2,016.57
Total # Of Payments: 360
Start Date: Jul, 2024
Payoff Date: Jun, 2054
Down Payment: $0.00
Principal (includes guarantee fee): $303,000.00
Total Extra Payment: $0.00
Total Interest Paid: $282,565.03
Total Tax, Insurance, MI and Fees: $140,400.00
Total of all Payments:
$725,965.03

USDA Mortgage Amortization Schedule

Payment Date Payment # Interest Principal Tax, Insurance, MI & Fees Total Payment Balance
Jul, 2024 1 $1,262.50 $364.07 $390.00 $2,016.57 $302,635.93
Aug, 2024 2 $1,260.98 $365.59 $390.00 $2,016.57 $302,270.34
Sep, 2024 3 $1,259.46 $367.11 $390.00 $2,016.57 $301,903.23
Oct, 2024 4 $1,257.93 $368.64 $390.00 $2,016.57 $301,534.59
Nov, 2024 5 $1,256.39 $370.18 $390.00 $2,016.57 $301,164.42
Dec, 2024 6 $1,254.85 $371.72 $390.00 $2,016.57 $300,792.70
Jan, 2025 7 $1,253.30 $373.27 $390.00 $2,016.57 $300,419.44
Feb, 2025 8 $1,251.75 $374.82 $390.00 $2,016.57 $300,044.61
Mar, 2025 9 $1,250.19 $376.38 $390.00 $2,016.57 $299,668.23
Apr, 2025 10 $1,248.62 $377.95 $390.00 $2,016.57 $299,290.28
May, 2025 11 $1,247.04 $379.53 $390.00 $2,016.57 $298,910.75
Jun, 2025 12 $1,245.46 $381.11 $390.00 $2,016.57 $298,529.64
Jul, 2025 13 $1,243.87 $382.70 $390.00 $2,016.57 $298,146.95
Aug, 2025 14 $1,242.28 $384.29 $390.00 $2,016.57 $297,762.66
Sep, 2025 15 $1,240.68 $385.89 $390.00 $2,016.57 $297,376.76
Oct, 2025 16 $1,239.07 $387.50 $390.00 $2,016.57 $296,989.26
Nov, 2025 17 $1,237.46 $389.11 $390.00 $2,016.57 $296,600.15
Dec, 2025 18 $1,235.83 $390.74 $390.00 $2,016.57 $296,209.42
Jan, 2026 19 $1,234.21 $392.36 $390.00 $2,016.57 $295,817.05
Feb, 2026 20 $1,232.57 $394.00 $390.00 $2,016.57 $295,423.05
Mar, 2026 21 $1,230.93 $395.64 $390.00 $2,016.57 $295,027.41
Apr, 2026 22 $1,229.28 $397.29 $390.00 $2,016.57 $294,630.12
May, 2026 23 $1,227.63 $398.94 $390.00 $2,016.57 $294,231.18
Jun, 2026 24 $1,225.96 $400.61 $390.00 $2,016.57 $293,830.57
Jul, 2026 25 $1,224.29 $402.28 $390.00 $2,016.57 $293,428.30
Aug, 2026 26 $1,222.62 $403.95 $390.00 $2,016.57 $293,024.35
Sep, 2026 27 $1,220.93 $405.63 $390.00 $2,016.57 $292,618.71
Oct, 2026 28 $1,219.24 $407.32 $390.00 $2,016.57 $292,211.39
Nov, 2026 29 $1,217.55 $409.02 $390.00 $2,016.57 $291,802.37
Dec, 2026 30 $1,215.84 $410.73 $390.00 $2,016.57 $291,391.64
Jan, 2027 31 $1,214.13 $412.44 $390.00 $2,016.57 $290,979.20
Feb, 2027 32 $1,212.41 $414.16 $390.00 $2,016.57 $290,565.05
Mar, 2027 33 $1,210.69 $415.88 $390.00 $2,016.57 $290,149.16
Apr, 2027 34 $1,208.95 $417.61 $390.00 $2,016.57 $289,731.55
May, 2027 35 $1,207.21 $419.35 $390.00 $2,016.57 $289,312.19
Jun, 2027 36 $1,205.47 $421.10 $390.00 $2,016.57 $288,891.09
Jul, 2027 37 $1,203.71 $422.86 $390.00 $2,016.57 $288,468.24
Aug, 2027 38 $1,201.95 $424.62 $390.00 $2,016.57 $288,043.62
Sep, 2027 39 $1,200.18 $426.39 $390.00 $2,016.57 $287,617.23
Oct, 2027 40 $1,198.41 $428.16 $390.00 $2,016.57 $287,189.06
Nov, 2027 41 $1,196.62 $429.95 $390.00 $2,016.57 $286,759.12
Dec, 2027 42 $1,194.83 $431.74 $390.00 $2,016.57 $286,327.38
Jan, 2028 43 $1,193.03 $433.54 $390.00 $2,016.57 $285,893.84
Feb, 2028 44 $1,191.22 $435.35 $390.00 $2,016.57 $285,458.49
Mar, 2028 45 $1,189.41 $437.16 $390.00 $2,016.57 $285,021.33
Apr, 2028 46 $1,187.59 $438.98 $390.00 $2,016.57 $284,582.35
May, 2028 47 $1,185.76 $440.81 $390.00 $2,016.57 $284,141.54
Jun, 2028 48 $1,183.92 $442.65 $390.00 $2,016.57 $283,698.90
Jul, 2028 49 $1,182.08 $444.49 $390.00 $2,016.57 $283,254.41
Aug, 2028 50 $1,180.23 $446.34 $390.00 $2,016.57 $282,808.06
Sep, 2028 51 $1,178.37 $448.20 $390.00 $2,016.57 $282,359.86
Oct, 2028 52 $1,176.50 $450.07 $390.00 $2,016.57 $281,909.79
Nov, 2028 53 $1,174.62 $451.95 $390.00 $2,016.57 $281,457.84
Dec, 2028 54 $1,172.74 $453.83 $390.00 $2,016.57 $281,004.02
Jan, 2029 55 $1,170.85 $455.72 $390.00 $2,016.57 $280,548.30
Feb, 2029 56 $1,168.95 $457.62 $390.00 $2,016.57 $280,090.68
Mar, 2029 57 $1,167.04 $459.53 $390.00 $2,016.57 $279,631.15
Apr, 2029 58 $1,165.13 $461.44 $390.00 $2,016.57 $279,169.71
May, 2029 59 $1,163.21 $463.36 $390.00 $2,016.57 $278,706.35
Jun, 2029 60 $1,161.28 $465.29 $390.00 $2,016.57 $278,241.06
Jul, 2029 61 $1,159.34 $467.23 $390.00 $2,016.57 $277,773.83
Aug, 2029 62 $1,157.39 $469.18 $390.00 $2,016.57 $277,304.65
Sep, 2029 63 $1,155.44 $471.13 $390.00 $2,016.57 $276,833.51
Oct, 2029 64 $1,153.47 $473.10 $390.00 $2,016.57 $276,360.42
Nov, 2029 65 $1,151.50 $475.07 $390.00 $2,016.57 $275,885.35
Dec, 2029 66 $1,149.52 $477.05 $390.00 $2,016.57 $275,408.30
Jan, 2030 67 $1,147.53 $479.03 $390.00 $2,016.57 $274,929.27
Feb, 2030 68 $1,145.54 $481.03 $390.00 $2,016.57 $274,448.24
Mar, 2030 69 $1,143.53 $483.04 $390.00 $2,016.57 $273,965.20
Apr, 2030 70 $1,141.52 $485.05 $390.00 $2,016.57 $273,480.15
May, 2030 71 $1,139.50 $487.07 $390.00 $2,016.57 $272,993.09
Jun, 2030 72 $1,137.47 $489.10 $390.00 $2,016.57 $272,503.99
Jul, 2030 73 $1,135.43 $491.14 $390.00 $2,016.57 $272,012.85
Aug, 2030 74 $1,133.39 $493.18 $390.00 $2,016.57 $271,519.67
Sep, 2030 75 $1,131.33 $495.24 $390.00 $2,016.57 $271,024.43
Oct, 2030 76 $1,129.27 $497.30 $390.00 $2,016.57 $270,527.13
Nov, 2030 77 $1,127.20 $499.37 $390.00 $2,016.57 $270,027.76
Dec, 2030 78 $1,125.12 $501.45 $390.00 $2,016.57 $269,526.30
Jan, 2031 79 $1,123.03 $503.54 $390.00 $2,016.57 $269,022.76
Feb, 2031 80 $1,120.93 $505.64 $390.00 $2,016.57 $268,517.12
Mar, 2031 81 $1,118.82 $507.75 $390.00 $2,016.57 $268,009.37
Apr, 2031 82 $1,116.71 $509.86 $390.00 $2,016.57 $267,499.51
May, 2031 83 $1,114.58 $511.99 $390.00 $2,016.57 $266,987.52
Jun, 2031 84 $1,112.45 $514.12 $390.00 $2,016.57 $266,473.40
Jul, 2031 85 $1,110.31 $516.26 $390.00 $2,016.57 $265,957.13
Aug, 2031 86 $1,108.15 $518.41 $390.00 $2,016.57 $265,438.72
Sep, 2031 87 $1,105.99 $520.57 $390.00 $2,016.57 $264,918.14
Oct, 2031 88 $1,103.83 $522.74 $390.00 $2,016.57 $264,395.40
Nov, 2031 89 $1,101.65 $524.92 $390.00 $2,016.57 $263,870.48
Dec, 2031 90 $1,099.46 $527.11 $390.00 $2,016.57 $263,343.37
Jan, 2032 91 $1,097.26 $529.31 $390.00 $2,016.57 $262,814.06
Feb, 2032 92 $1,095.06 $531.51 $390.00 $2,016.57 $262,282.55
Mar, 2032 93 $1,092.84 $533.73 $390.00 $2,016.57 $261,748.83
Apr, 2032 94 $1,090.62 $535.95 $390.00 $2,016.57 $261,212.88
May, 2032 95 $1,088.39 $538.18 $390.00 $2,016.57 $260,674.69
Jun, 2032 96 $1,086.14 $540.42 $390.00 $2,016.57 $260,134.27
Jul, 2032 97 $1,083.89 $542.68 $390.00 $2,016.57 $259,591.59
Aug, 2032 98 $1,081.63 $544.94 $390.00 $2,016.57 $259,046.65
Sep, 2032 99 $1,079.36 $547.21 $390.00 $2,016.57 $258,499.45
Oct, 2032 100 $1,077.08 $549.49 $390.00 $2,016.57 $257,949.96
Nov, 2032 101 $1,074.79 $551.78 $390.00 $2,016.57 $257,398.18
Dec, 2032 102 $1,072.49 $554.08 $390.00 $2,016.57 $256,844.10
Jan, 2033 103 $1,070.18 $556.39 $390.00 $2,016.57 $256,287.72
Feb, 2033 104 $1,067.87 $558.70 $390.00 $2,016.57 $255,729.01
Mar, 2033 105 $1,065.54 $561.03 $390.00 $2,016.57 $255,167.98
Apr, 2033 106 $1,063.20 $563.37 $390.00 $2,016.57 $254,604.61
May, 2033 107 $1,060.85 $565.72 $390.00 $2,016.57 $254,038.89
Jun, 2033 108 $1,058.50 $568.07 $390.00 $2,016.57 $253,470.82
Jul, 2033 109 $1,056.13 $570.44 $390.00 $2,016.57 $252,900.38
Aug, 2033 110 $1,053.75 $572.82 $390.00 $2,016.57 $252,327.56
Sep, 2033 111 $1,051.36 $575.20 $390.00 $2,016.57 $251,752.36
Oct, 2033 112 $1,048.97 $577.60 $390.00 $2,016.57 $251,174.75
Nov, 2033 113 $1,046.56 $580.01 $390.00 $2,016.57 $250,594.75
Dec, 2033 114 $1,044.14 $582.42 $390.00 $2,016.57 $250,012.32
Jan, 2034 115 $1,041.72 $584.85 $390.00 $2,016.57 $249,427.47
Feb, 2034 116 $1,039.28 $587.29 $390.00 $2,016.57 $248,840.18
Mar, 2034 117 $1,036.83 $589.74 $390.00 $2,016.57 $248,250.45
Apr, 2034 118 $1,034.38 $592.19 $390.00 $2,016.57 $247,658.25
May, 2034 119 $1,031.91 $594.66 $390.00 $2,016.57 $247,063.59
Jun, 2034 120 $1,029.43 $597.14 $390.00 $2,016.57 $246,466.46
Jul, 2034 121 $1,026.94 $599.63 $390.00 $2,016.57 $245,866.83
Aug, 2034 122 $1,024.45 $602.12 $390.00 $2,016.57 $245,264.71
Sep, 2034 123 $1,021.94 $604.63 $390.00 $2,016.57 $244,660.07
Oct, 2034 124 $1,019.42 $607.15 $390.00 $2,016.57 $244,052.92
Nov, 2034 125 $1,016.89 $609.68 $390.00 $2,016.57 $243,443.24
Dec, 2034 126 $1,014.35 $612.22 $390.00 $2,016.57 $242,831.01
Jan, 2035 127 $1,011.80 $614.77 $390.00 $2,016.57 $242,216.24
Feb, 2035 128 $1,009.23 $617.34 $390.00 $2,016.57 $241,598.91
Mar, 2035 129 $1,006.66 $619.91 $390.00 $2,016.57 $240,979.00
Apr, 2035 130 $1,004.08 $622.49 $390.00 $2,016.57 $240,356.51
May, 2035 131 $1,001.49 $625.08 $390.00 $2,016.57 $239,731.42
Jun, 2035 132 $998.88 $627.69 $390.00 $2,016.57 $239,103.73
Jul, 2035 133 $996.27 $630.30 $390.00 $2,016.57 $238,473.43
Aug, 2035 134 $993.64 $632.93 $390.00 $2,016.57 $237,840.50
Sep, 2035 135 $991.00 $635.57 $390.00 $2,016.57 $237,204.93
Oct, 2035 136 $988.35 $638.22 $390.00 $2,016.57 $236,566.72
Nov, 2035 137 $985.69 $640.87 $390.00 $2,016.57 $235,925.84
Dec, 2035 138 $983.02 $643.55 $390.00 $2,016.57 $235,282.30
Jan, 2036 139 $980.34 $646.23 $390.00 $2,016.57 $234,636.07
Feb, 2036 140 $977.65 $648.92 $390.00 $2,016.57 $233,987.15
Mar, 2036 141 $974.95 $651.62 $390.00 $2,016.57 $233,335.53
Apr, 2036 142 $972.23 $654.34 $390.00 $2,016.57 $232,681.19
May, 2036 143 $969.50 $657.06 $390.00 $2,016.57 $232,024.13
Jun, 2036 144 $966.77 $659.80 $390.00 $2,016.57 $231,364.32
Jul, 2036 145 $964.02 $662.55 $390.00 $2,016.57 $230,701.77
Aug, 2036 146 $961.26 $665.31 $390.00 $2,016.57 $230,036.46
Sep, 2036 147 $958.49 $668.08 $390.00 $2,016.57 $229,368.38
Oct, 2036 148 $955.70 $670.87 $390.00 $2,016.57 $228,697.51
Nov, 2036 149 $952.91 $673.66 $390.00 $2,016.57 $228,023.84
Dec, 2036 150 $950.10 $676.47 $390.00 $2,016.57 $227,347.37
Jan, 2037 151 $947.28 $679.29 $390.00 $2,016.57 $226,668.09
Feb, 2037 152 $944.45 $682.12 $390.00 $2,016.57 $225,985.97
Mar, 2037 153 $941.61 $684.96 $390.00 $2,016.57 $225,301.01
Apr, 2037 154 $938.75 $687.82 $390.00 $2,016.57 $224,613.19
May, 2037 155 $935.89 $690.68 $390.00 $2,016.57 $223,922.51
Jun, 2037 156 $933.01 $693.56 $390.00 $2,016.57 $223,228.95
Jul, 2037 157 $930.12 $696.45 $390.00 $2,016.57 $222,532.50
Aug, 2037 158 $927.22 $699.35 $390.00 $2,016.57 $221,833.15
Sep, 2037 159 $924.30 $702.26 $390.00 $2,016.57 $221,130.89
Oct, 2037 160 $921.38 $705.19 $390.00 $2,016.57 $220,425.69
Nov, 2037 161 $918.44 $708.13 $390.00 $2,016.57 $219,717.57
Dec, 2037 162 $915.49 $711.08 $390.00 $2,016.57 $219,006.49
Jan, 2038 163 $912.53 $714.04 $390.00 $2,016.57 $218,292.44
Feb, 2038 164 $909.55 $717.02 $390.00 $2,016.57 $217,575.43
Mar, 2038 165 $906.56 $720.01 $390.00 $2,016.57 $216,855.42
Apr, 2038 166 $903.56 $723.01 $390.00 $2,016.57 $216,132.41
May, 2038 167 $900.55 $726.02 $390.00 $2,016.57 $215,406.40
Jun, 2038 168 $897.53 $729.04 $390.00 $2,016.57 $214,677.35
Jul, 2038 169 $894.49 $732.08 $390.00 $2,016.57 $213,945.27
Aug, 2038 170 $891.44 $735.13 $390.00 $2,016.57 $213,210.14
Sep, 2038 171 $888.38 $738.19 $390.00 $2,016.57 $212,471.95
Oct, 2038 172 $885.30 $741.27 $390.00 $2,016.57 $211,730.68
Nov, 2038 173 $882.21 $744.36 $390.00 $2,016.57 $210,986.32
Dec, 2038 174 $879.11 $747.46 $390.00 $2,016.57 $210,238.86
Jan, 2039 175 $876.00 $750.57 $390.00 $2,016.57 $209,488.29
Feb, 2039 176 $872.87 $753.70 $390.00 $2,016.57 $208,734.59
Mar, 2039 177 $869.73 $756.84 $390.00 $2,016.57 $207,977.74
Apr, 2039 178 $866.57 $760.00 $390.00 $2,016.57 $207,217.75
May, 2039 179 $863.41 $763.16 $390.00 $2,016.57 $206,454.59
Jun, 2039 180 $860.23 $766.34 $390.00 $2,016.57 $205,688.24
Jul, 2039 181 $857.03 $769.54 $390.00 $2,016.57 $204,918.71
Aug, 2039 182 $853.83 $772.74 $390.00 $2,016.57 $204,145.97
Sep, 2039 183 $850.61 $775.96 $390.00 $2,016.57 $203,370.01
Oct, 2039 184 $847.38 $779.19 $390.00 $2,016.57 $202,590.81
Nov, 2039 185 $844.13 $782.44 $390.00 $2,016.57 $201,808.37
Dec, 2039 186 $840.87 $785.70 $390.00 $2,016.57 $201,022.67
Jan, 2040 187 $837.59 $788.98 $390.00 $2,016.57 $200,233.69
Feb, 2040 188 $834.31 $792.26 $390.00 $2,016.57 $199,441.43
Mar, 2040 189 $831.01 $795.56 $390.00 $2,016.57 $198,645.87
Apr, 2040 190 $827.69 $798.88 $390.00 $2,016.57 $197,846.99
May, 2040 191 $824.36 $802.21 $390.00 $2,016.57 $197,044.78
Jun, 2040 192 $821.02 $805.55 $390.00 $2,016.57 $196,239.23
Jul, 2040 193 $817.66 $808.91 $390.00 $2,016.57 $195,430.33
Aug, 2040 194 $814.29 $812.28 $390.00 $2,016.57 $194,618.05
Sep, 2040 195 $810.91 $815.66 $390.00 $2,016.57 $193,802.39
Oct, 2040 196 $807.51 $819.06 $390.00 $2,016.57 $192,983.33
Nov, 2040 197 $804.10 $822.47 $390.00 $2,016.57 $192,160.86
Dec, 2040 198 $800.67 $825.90 $390.00 $2,016.57 $191,334.96
Jan, 2041 199 $797.23 $829.34 $390.00 $2,016.57 $190,505.62
Feb, 2041 200 $793.77 $832.80 $390.00 $2,016.57 $189,672.82
Mar, 2041 201 $790.30 $836.27 $390.00 $2,016.57 $188,836.55
Apr, 2041 202 $786.82 $839.75 $390.00 $2,016.57 $187,996.80
May, 2041 203 $783.32 $843.25 $390.00 $2,016.57 $187,153.55
Jun, 2041 204 $779.81 $846.76 $390.00 $2,016.57 $186,306.79
Jul, 2041 205 $776.28 $850.29 $390.00 $2,016.57 $185,456.50
Aug, 2041 206 $772.74 $853.83 $390.00 $2,016.57 $184,602.67
Sep, 2041 207 $769.18 $857.39 $390.00 $2,016.57 $183,745.27
Oct, 2041 208 $765.61 $860.96 $390.00 $2,016.57 $182,884.31
Nov, 2041 209 $762.02 $864.55 $390.00 $2,016.57 $182,019.76
Dec, 2041 210 $758.42 $868.15 $390.00 $2,016.57 $181,151.60
Jan, 2042 211 $754.80 $871.77 $390.00 $2,016.57 $180,279.83
Feb, 2042 212 $751.17 $875.40 $390.00 $2,016.57 $179,404.43
Mar, 2042 213 $747.52 $879.05 $390.00 $2,016.57 $178,525.38
Apr, 2042 214 $743.86 $882.71 $390.00 $2,016.57 $177,642.67
May, 2042 215 $740.18 $886.39 $390.00 $2,016.57 $176,756.27
Jun, 2042 216 $736.48 $890.09 $390.00 $2,016.57 $175,866.19
Jul, 2042 217 $732.78 $893.79 $390.00 $2,016.57 $174,972.39
Aug, 2042 218 $729.05 $897.52 $390.00 $2,016.57 $174,074.88
Sep, 2042 219 $725.31 $901.26 $390.00 $2,016.57 $173,173.62
Oct, 2042 220 $721.56 $905.01 $390.00 $2,016.57 $172,268.61
Nov, 2042 221 $717.79 $908.78 $390.00 $2,016.57 $171,359.82
Dec, 2042 222 $714.00 $912.57 $390.00 $2,016.57 $170,447.25
Jan, 2043 223 $710.20 $916.37 $390.00 $2,016.57 $169,530.88
Feb, 2043 224 $706.38 $920.19 $390.00 $2,016.57 $168,610.69
Mar, 2043 225 $702.54 $924.02 $390.00 $2,016.57 $167,686.66
Apr, 2043 226 $698.69 $927.88 $390.00 $2,016.57 $166,758.79
May, 2043 227 $694.83 $931.74 $390.00 $2,016.57 $165,827.05
Jun, 2043 228 $690.95 $935.62 $390.00 $2,016.57 $164,891.42
Jul, 2043 229 $687.05 $939.52 $390.00 $2,016.57 $163,951.90
Aug, 2043 230 $683.13 $943.44 $390.00 $2,016.57 $163,008.47
Sep, 2043 231 $679.20 $947.37 $390.00 $2,016.57 $162,061.10
Oct, 2043 232 $675.25 $951.31 $390.00 $2,016.57 $161,109.78
Nov, 2043 233 $671.29 $955.28 $390.00 $2,016.57 $160,154.50
Dec, 2043 234 $667.31 $959.26 $390.00 $2,016.57 $159,195.25
Jan, 2044 235 $663.31 $963.26 $390.00 $2,016.57 $158,231.99
Feb, 2044 236 $659.30 $967.27 $390.00 $2,016.57 $157,264.72
Mar, 2044 237 $655.27 $971.30 $390.00 $2,016.57 $156,293.42
Apr, 2044 238 $651.22 $975.35 $390.00 $2,016.57 $155,318.07
May, 2044 239 $647.16 $979.41 $390.00 $2,016.57 $154,338.66
Jun, 2044 240 $643.08 $983.49 $390.00 $2,016.57 $153,355.17
Jul, 2044 241 $638.98 $987.59 $390.00 $2,016.57 $152,367.58
Aug, 2044 242 $634.86 $991.70 $390.00 $2,016.57 $151,375.88
Sep, 2044 243 $630.73 $995.84 $390.00 $2,016.57 $150,380.04
Oct, 2044 244 $626.58 $999.99 $390.00 $2,016.57 $149,380.05
Nov, 2044 245 $622.42 $1,004.15 $390.00 $2,016.57 $148,375.90
Dec, 2044 246 $618.23 $1,008.34 $390.00 $2,016.57 $147,367.56
Jan, 2045 247 $614.03 $1,012.54 $390.00 $2,016.57 $146,355.03
Feb, 2045 248 $609.81 $1,016.76 $390.00 $2,016.57 $145,338.27
Mar, 2045 249 $605.58 $1,020.99 $390.00 $2,016.57 $144,317.28
Apr, 2045 250 $601.32 $1,025.25 $390.00 $2,016.57 $143,292.03
May, 2045 251 $597.05 $1,029.52 $390.00 $2,016.57 $142,262.51
Jun, 2045 252 $592.76 $1,033.81 $390.00 $2,016.57 $141,228.70
Jul, 2045 253 $588.45 $1,038.12 $390.00 $2,016.57 $140,190.58
Aug, 2045 254 $584.13 $1,042.44 $390.00 $2,016.57 $139,148.14
Sep, 2045 255 $579.78 $1,046.79 $390.00 $2,016.57 $138,101.36
Oct, 2045 256 $575.42 $1,051.15 $390.00 $2,016.57 $137,050.21
Nov, 2045 257 $571.04 $1,055.53 $390.00 $2,016.57 $135,994.68
Dec, 2045 258 $566.64 $1,059.93 $390.00 $2,016.57 $134,934.76
Jan, 2046 259 $562.23 $1,064.34 $390.00 $2,016.57 $133,870.42
Feb, 2046 260 $557.79 $1,068.78 $390.00 $2,016.57 $132,801.64
Mar, 2046 261 $553.34 $1,073.23 $390.00 $2,016.57 $131,728.41
Apr, 2046 262 $548.87 $1,077.70 $390.00 $2,016.57 $130,650.71
May, 2046 263 $544.38 $1,082.19 $390.00 $2,016.57 $129,568.52
Jun, 2046 264 $539.87 $1,086.70 $390.00 $2,016.57 $128,481.82
Jul, 2046 265 $535.34 $1,091.23 $390.00 $2,016.57 $127,390.59
Aug, 2046 266 $530.79 $1,095.78 $390.00 $2,016.57 $126,294.81
Sep, 2046 267 $526.23 $1,100.34 $390.00 $2,016.57 $125,194.47
Oct, 2046 268 $521.64 $1,104.93 $390.00 $2,016.57 $124,089.55
Nov, 2046 269 $517.04 $1,109.53 $390.00 $2,016.57 $122,980.02
Dec, 2046 270 $512.42 $1,114.15 $390.00 $2,016.57 $121,865.86
Jan, 2047 271 $507.77 $1,118.80 $390.00 $2,016.57 $120,747.07
Feb, 2047 272 $503.11 $1,123.46 $390.00 $2,016.57 $119,623.61
Mar, 2047 273 $498.43 $1,128.14 $390.00 $2,016.57 $118,495.47
Apr, 2047 274 $493.73 $1,132.84 $390.00 $2,016.57 $117,362.63
May, 2047 275 $489.01 $1,137.56 $390.00 $2,016.57 $116,225.08
Jun, 2047 276 $484.27 $1,142.30 $390.00 $2,016.57 $115,082.78
Jul, 2047 277 $479.51 $1,147.06 $390.00 $2,016.57 $113,935.72
Aug, 2047 278 $474.73 $1,151.84 $390.00 $2,016.57 $112,783.88
Sep, 2047 279 $469.93 $1,156.64 $390.00 $2,016.57 $111,627.25
Oct, 2047 280 $465.11 $1,161.46 $390.00 $2,016.57 $110,465.79
Nov, 2047 281 $460.27 $1,166.30 $390.00 $2,016.57 $109,299.49
Dec, 2047 282 $455.41 $1,171.15 $390.00 $2,016.57 $108,128.34
Jan, 2048 283 $450.53 $1,176.03 $390.00 $2,016.57 $106,952.30
Feb, 2048 284 $445.63 $1,180.93 $390.00 $2,016.57 $105,771.37
Mar, 2048 285 $440.71 $1,185.86 $390.00 $2,016.57 $104,585.51
Apr, 2048 286 $435.77 $1,190.80 $390.00 $2,016.57 $103,394.72
May, 2048 287 $430.81 $1,195.76 $390.00 $2,016.57 $102,198.96
Jun, 2048 288 $425.83 $1,200.74 $390.00 $2,016.57 $100,998.22
Jul, 2048 289 $420.83 $1,205.74 $390.00 $2,016.57 $99,792.48
Aug, 2048 290 $415.80 $1,210.77 $390.00 $2,016.57 $98,581.71
Sep, 2048 291 $410.76 $1,215.81 $390.00 $2,016.57 $97,365.90
Oct, 2048 292 $405.69 $1,220.88 $390.00 $2,016.57 $96,145.02
Nov, 2048 293 $400.60 $1,225.97 $390.00 $2,016.57 $94,919.05
Dec, 2048 294 $395.50 $1,231.07 $390.00 $2,016.57 $93,687.98
Jan, 2049 295 $390.37 $1,236.20 $390.00 $2,016.57 $92,451.78
Feb, 2049 296 $385.22 $1,241.35 $390.00 $2,016.57 $91,210.42
Mar, 2049 297 $380.04 $1,246.53 $390.00 $2,016.57 $89,963.90
Apr, 2049 298 $374.85 $1,251.72 $390.00 $2,016.57 $88,712.18
May, 2049 299 $369.63 $1,256.94 $390.00 $2,016.57 $87,455.24
Jun, 2049 300 $364.40 $1,262.17 $390.00 $2,016.57 $86,193.07
Jul, 2049 301 $359.14 $1,267.43 $390.00 $2,016.57 $84,925.64
Aug, 2049 302 $353.86 $1,272.71 $390.00 $2,016.57 $83,652.92
Sep, 2049 303 $348.55 $1,278.02 $390.00 $2,016.57 $82,374.91
Oct, 2049 304 $343.23 $1,283.34 $390.00 $2,016.57 $81,091.57
Nov, 2049 305 $337.88 $1,288.69 $390.00 $2,016.57 $79,802.88
Dec, 2049 306 $332.51 $1,294.06 $390.00 $2,016.57 $78,508.82
Jan, 2050 307 $327.12 $1,299.45 $390.00 $2,016.57 $77,209.37
Feb, 2050 308 $321.71 $1,304.86 $390.00 $2,016.57 $75,904.51
Mar, 2050 309 $316.27 $1,310.30 $390.00 $2,016.57 $74,594.21
Apr, 2050 310 $310.81 $1,315.76 $390.00 $2,016.57 $73,278.45
May, 2050 311 $305.33 $1,321.24 $390.00 $2,016.57 $71,957.20
Jun, 2050 312 $299.82 $1,326.75 $390.00 $2,016.57 $70,630.46
Jul, 2050 313 $294.29 $1,332.28 $390.00 $2,016.57 $69,298.18
Aug, 2050 314 $288.74 $1,337.83 $390.00 $2,016.57 $67,960.35
Sep, 2050 315 $283.17 $1,343.40 $390.00 $2,016.57 $66,616.95
Oct, 2050 316 $277.57 $1,349.00 $390.00 $2,016.57 $65,267.95
Nov, 2050 317 $271.95 $1,354.62 $390.00 $2,016.57 $63,913.33
Dec, 2050 318 $266.31 $1,360.26 $390.00 $2,016.57 $62,553.07
Jan, 2051 319 $260.64 $1,365.93 $390.00 $2,016.57 $61,187.14
Feb, 2051 320 $254.95 $1,371.62 $390.00 $2,016.57 $59,815.51
Mar, 2051 321 $249.23 $1,377.34 $390.00 $2,016.57 $58,438.18
Apr, 2051 322 $243.49 $1,383.08 $390.00 $2,016.57 $57,055.10
May, 2051 323 $237.73 $1,388.84 $390.00 $2,016.57 $55,666.26
Jun, 2051 324 $231.94 $1,394.63 $390.00 $2,016.57 $54,271.63
Jul, 2051 325 $226.13 $1,400.44 $390.00 $2,016.57 $52,871.19
Aug, 2051 326 $220.30 $1,406.27 $390.00 $2,016.57 $51,464.92
Sep, 2051 327 $214.44 $1,412.13 $390.00 $2,016.57 $50,052.79
Oct, 2051 328 $208.55 $1,418.02 $390.00 $2,016.57 $48,634.77
Nov, 2051 329 $202.64 $1,423.92 $390.00 $2,016.57 $47,210.85
Dec, 2051 330 $196.71 $1,429.86 $390.00 $2,016.57 $45,780.99
Jan, 2052 331 $190.75 $1,435.82 $390.00 $2,016.57 $44,345.18
Feb, 2052 332 $184.77 $1,441.80 $390.00 $2,016.57 $42,903.38
Mar, 2052 333 $178.76 $1,447.81 $390.00 $2,016.57 $41,455.57
Apr, 2052 334 $172.73 $1,453.84 $390.00 $2,016.57 $40,001.73
May, 2052 335 $166.67 $1,459.90 $390.00 $2,016.57 $38,541.84
Jun, 2052 336 $160.59 $1,465.98 $390.00 $2,016.57 $37,075.86
Jul, 2052 337 $154.48 $1,472.09 $390.00 $2,016.57 $35,603.77
Aug, 2052 338 $148.35 $1,478.22 $390.00 $2,016.57 $34,125.55
Sep, 2052 339 $142.19 $1,484.38 $390.00 $2,016.57 $32,641.17
Oct, 2052 340 $136.00 $1,490.56 $390.00 $2,016.57 $31,150.61
Nov, 2052 341 $129.79 $1,496.78 $390.00 $2,016.57 $29,653.83
Dec, 2052 342 $123.56 $1,503.01 $390.00 $2,016.57 $28,150.82
Jan, 2053 343 $117.30 $1,509.27 $390.00 $2,016.57 $26,641.55
Feb, 2053 344 $111.01 $1,515.56 $390.00 $2,016.57 $25,125.98
Mar, 2053 345 $104.69 $1,521.88 $390.00 $2,016.57 $23,604.11
Apr, 2053 346 $98.35 $1,528.22 $390.00 $2,016.57 $22,075.89
May, 2053 347 $91.98 $1,534.59 $390.00 $2,016.57 $20,541.30
Jun, 2053 348 $85.59 $1,540.98 $390.00 $2,016.57 $19,000.32
Jul, 2053 349 $79.17 $1,547.40 $390.00 $2,016.57 $17,452.92
Aug, 2053 350 $72.72 $1,553.85 $390.00 $2,016.57 $15,899.07
Sep, 2053 351 $66.25 $1,560.32 $390.00 $2,016.57 $14,338.75
Oct, 2053 352 $59.74 $1,566.82 $390.00 $2,016.57 $12,771.92
Nov, 2053 353 $53.22 $1,573.35 $390.00 $2,016.57 $11,198.57
Dec, 2053 354 $46.66 $1,579.91 $390.00 $2,016.57 $9,618.66
Jan, 2054 355 $40.08 $1,586.49 $390.00 $2,016.57 $8,032.17
Feb, 2054 356 $33.47 $1,593.10 $390.00 $2,016.57 $6,439.07
Mar, 2054 357 $26.83 $1,599.74 $390.00 $2,016.57 $4,839.32
Apr, 2054 358 $20.16 $1,606.41 $390.00 $2,016.57 $3,232.92
May, 2054 359 $13.47 $1,613.10 $390.00 $2,016.57 $1,619.82
Jun, 2054 360 $6.75 $1,619.82 $390.00 $2,016.57 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $2,016.57 $993.28
Total Extra Payments $0.00 $0.00
Total Interest $282,565.03 $230,558.20
Total Tax, Insurance, MI & Fees $140,400.00 $117,900.00
Total Payment $725,965.03 $651,458.20
Total Savings $0 $74,506.82
Payoff Date Jun, 2054 Sep, 2049

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What is a USDA Loan?

USDA home loan is a program backed by the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture for eligible home buyers with low to average income in rural and suburban areas. The purpose of the USDA mortgage is to promote economic growth in rural areas across the United States.


How does a USDA home loan work?

The USDA mortgages are issued by private lenders and offer many benefits over the traditional mortgages for qualified buyers.

  • USDA loans offer zero down payment
  • Reduced mortgage rates.
  • Low monthly mortgage insurance
  • Lower credit requirement

Please note the USDA mortgage is designed to help low-income families, so if your income is high, then you are not qualified for a USDA loan. Specifically, the following are the main restrictions of the USDA loan.

  • Must be in a rural and suburban area
  • Single-family house and for primary residence only
  • Low-income family - income is calculated by family size and the adjusted annual income must be lower than 115% of the area median income.

There may be other requirements set by the lender such as minimum credit score. Homebuyers should consult private lenders to learn more about the program and the USDA loan.


USDA vs Conventional

There are many differences between a USDA loan and a conventional mortgage. Since USDA loan is backed by the government, there are more rules and requirements for borrowers that are getting a USDA loan. Location First of all, conventional loans are available anywhere in the United States, whereas USDA loans are available only for eligible rural areas determined by the USDA. Property Type A borrower can use a conventional mortgage for a primary residence or investment property, but a USDA loan can only be used for a primary residence. Income Requirement USDA loan is designed to help low-income families. Therefore, to qualify for a USDA loan, the borrower's income should not exceed 115% of the median income in the same area. There is no income limit for a conventional mortgage. Down Payment & Fees With conventional mortgages, lenders prefer the borrowers to put down at least 20% on the down payment. If not, borrowers are required to pay private mortgage insurance or PMI to protect the lenders in case the borrower defaults on the mortgage. The PMI payment is removed once the borrower has more than 20% of the equity in the house, or when their loan to value (LTV) ratio falls below 80%. On the other hand, the USDA loan does not have a requirement for a minimum down payment, but there are two fees the borrower must pay. One is an upfront funding fee and an annual fee which is similar to the PMI. The upfront fee is a fee that can be included in the loan.



Pros and cons of USDA loan

There are pros and cons of a USDA loan compared to a conventional loan. Benefits of USDA loan

  • 0% down payment - with the rising costs of housing across the board, it is hard to save a down payment for many low-income families. USDA loan is perfect for borrowers who can't afford a down payment for conventional loans.
  • Lower interest rate - interest rate determines how much interest payments borrowers have to pay back through the course of the loan. A lower interest rate will save the borrower thousands and thousands of dollars in interest payments which is critical for lower-income families.
  • Lower mortgage insurance - the mortgage insurance that borrowers pay on USDA loans is lower than the PMI that is required by conventional loans when borrowers have less than 20% equity in their houses.
  • Lower credit score requirement - USDA allows borrowers with lower credit scores to buy a home.

Cons of USDA loan

  • Not everyone qualifies - if your income is high, then you are not qualified. USDA loans are only for low to modest-income families.
  • Not every house qualifies - the purpose of the USDA is to help low-income families buy their first home. If you are planning to buy a property as an investment, then you are not qualified.
  • Not every location qualifies - to get a USDA loan, the location of the property must be in a rural area defined by the USDA.
  • Annual mortgage insurance - the borrower needs to pay the annual mortgage insurance, which is 0.35% of the loan size.

USDA Loan Alternatives

There are other alternatives to USDA loans that are sponsored by the government for borrowers who qualify, such as FHA loans and VA loans. FHA loans are designed to help first-time home buyers with low credit scores and down payments. Veterans Affairs or VA loans offer 0% down for veterans and military families. In addition, VA loans do not require mortgage insurance payments.


USDA Loan Calculator

The USDA mortgage calculator is easy to use with breakdowns of every payment shown in the mortgage amortization schedule with monthly and biweekly payment options. The USDA PMI calculator also offers extra payment options that show you how much faster you can pay off the mortgage if you are making regular extra payments. The extra payment can be a one-time payment, yearly, quarterly, or every payment (monthly or biweekly). This USDA payment calculator offers a downloadable and printable loan amortization schedule. This USDA home loan calculator with taxes and insurance gives you the option to add taxes and insurance for both the monthly payment and biweekly payment. You will also get a comparison table to compare the biweekly and monthly options and see how much you can save. The Mortgage calculator for USDA loans has an option to include the guarantee fee. For a conventional loan, there is an insurance called private mortgage insurance or PMI when your down payment is less than 20%. For USDA mortgages, there is something similar to PMI called the USDA guarantee fee and USDA mortgage insurance. The one-time USDA guarantee fee is currently 1% of your base mortgage amount, and your final mortgage amount is equal to the base mortgage amount plus the guarantee fee. The USDA mortgage insurance is 0.35% of the loan amount. The USDA payment calculator has the option to change the funding fees and insurance to reflect your mortgage. This is a USDA home loan calculator, check out our advanced mortgage calculator if you need to calculate mortgage payments for conventional loans.



USDA Mortgage Calculator with Taxes and Insurance

Following are the definitions and terms for the USDA loan calculator. Home Value - the value of your property Down Payment - how much are you planning to put down as a down payment on the property? Base Mortgage Amount - how much mortgage are you applying for. This is the difference between the home value and the down payment. Loan Terms - how many years are you planning to pay off your USDA loan. Interest Rate - how much interest will you be paying for the loan? This is a percent of the mortgage amount that you apply for. USDA Guarantee Fee - this is the upfront cost for the USDA loan, which is a fee that you can roll over to the mortgage. Annual Mortgage Insurance - this is the second fee for a USDA loan, and is an annual fee. Final Mortgage Amount - your base mortgage plus the USDA guarantee fee equals the final mortgage amount. Property Tax (Yearly) - how much property tax will you be paying for the house. Home Insurance (Yearly) - how much insurance do you need to pay for the property. HOA Fees (Monthly) - some houses are required to pay monthly HOA fees or the homeowner's association fee. Payment Frequency - you have the option to choose the default monthly payment or bi-weekly payment to speed up your mortgage payments and pay off your loan faster. First Payment Date - the date that you first start paying your mortgage. Amortization Schedule - show the amortization yearly or monthly. In the case of bi-weekly payments, you will see the amortization schedule bi-weekly and yearly. Extra Payment - If you are planning to make an extra payment for your USDA mortgage, you can choose a one-time extra payment, or a recurring monthly, biweekly, quarterly or yearly payment.

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