mortgage calculator

USDA Mortgage Calculator

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: May, 2022
Payoff Date: Apr, 2052
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

Mortgage Amortization Schedule

Payment Date Payment # Interest Principal Tax, Insurance, MI & Fees Total Payment Balance
May, 2022 1 $1,262.50 $364.07 $390.00 $2,016.57 $302,635.93
Jun, 2022 2 $1,260.98 $365.59 $390.00 $2,016.57 $302,270.34
Jul, 2022 3 $1,259.46 $367.11 $390.00 $2,016.57 $301,903.23
Aug, 2022 4 $1,257.93 $368.64 $390.00 $2,016.57 $301,534.59
Sep, 2022 5 $1,256.39 $370.18 $390.00 $2,016.57 $301,164.42
Oct, 2022 6 $1,254.85 $371.72 $390.00 $2,016.57 $300,792.70
Nov, 2022 7 $1,253.30 $373.27 $390.00 $2,016.57 $300,419.44
Dec, 2022 8 $1,251.75 $374.82 $390.00 $2,016.57 $300,044.61
Jan, 2023 9 $1,250.19 $376.38 $390.00 $2,016.57 $299,668.23
Feb, 2023 10 $1,248.62 $377.95 $390.00 $2,016.57 $299,290.28
Mar, 2023 11 $1,247.04 $379.53 $390.00 $2,016.57 $298,910.75
Apr, 2023 12 $1,245.46 $381.11 $390.00 $2,016.57 $298,529.64
May, 2023 13 $1,243.87 $382.70 $390.00 $2,016.57 $298,146.95
Jun, 2023 14 $1,242.28 $384.29 $390.00 $2,016.57 $297,762.66
Jul, 2023 15 $1,240.68 $385.89 $390.00 $2,016.57 $297,376.76
Aug, 2023 16 $1,239.07 $387.50 $390.00 $2,016.57 $296,989.26
Sep, 2023 17 $1,237.46 $389.11 $390.00 $2,016.57 $296,600.15
Oct, 2023 18 $1,235.83 $390.74 $390.00 $2,016.57 $296,209.42
Nov, 2023 19 $1,234.21 $392.36 $390.00 $2,016.57 $295,817.05
Dec, 2023 20 $1,232.57 $394.00 $390.00 $2,016.57 $295,423.05
Jan, 2024 21 $1,230.93 $395.64 $390.00 $2,016.57 $295,027.41
Feb, 2024 22 $1,229.28 $397.29 $390.00 $2,016.57 $294,630.12
Mar, 2024 23 $1,227.63 $398.94 $390.00 $2,016.57 $294,231.18
Apr, 2024 24 $1,225.96 $400.61 $390.00 $2,016.57 $293,830.57
May, 2024 25 $1,224.29 $402.28 $390.00 $2,016.57 $293,428.30
Jun, 2024 26 $1,222.62 $403.95 $390.00 $2,016.57 $293,024.35
Jul, 2024 27 $1,220.93 $405.63 $390.00 $2,016.57 $292,618.71
Aug, 2024 28 $1,219.24 $407.32 $390.00 $2,016.57 $292,211.39
Sep, 2024 29 $1,217.55 $409.02 $390.00 $2,016.57 $291,802.37
Oct, 2024 30 $1,215.84 $410.73 $390.00 $2,016.57 $291,391.64
Nov, 2024 31 $1,214.13 $412.44 $390.00 $2,016.57 $290,979.20
Dec, 2024 32 $1,212.41 $414.16 $390.00 $2,016.57 $290,565.05
Jan, 2025 33 $1,210.69 $415.88 $390.00 $2,016.57 $290,149.16
Feb, 2025 34 $1,208.95 $417.61 $390.00 $2,016.57 $289,731.55
Mar, 2025 35 $1,207.21 $419.35 $390.00 $2,016.57 $289,312.19
Apr, 2025 36 $1,205.47 $421.10 $390.00 $2,016.57 $288,891.09
May, 2025 37 $1,203.71 $422.86 $390.00 $2,016.57 $288,468.24
Jun, 2025 38 $1,201.95 $424.62 $390.00 $2,016.57 $288,043.62
Jul, 2025 39 $1,200.18 $426.39 $390.00 $2,016.57 $287,617.23
Aug, 2025 40 $1,198.41 $428.16 $390.00 $2,016.57 $287,189.06
Sep, 2025 41 $1,196.62 $429.95 $390.00 $2,016.57 $286,759.12
Oct, 2025 42 $1,194.83 $431.74 $390.00 $2,016.57 $286,327.38
Nov, 2025 43 $1,193.03 $433.54 $390.00 $2,016.57 $285,893.84
Dec, 2025 44 $1,191.22 $435.35 $390.00 $2,016.57 $285,458.49
Jan, 2026 45 $1,189.41 $437.16 $390.00 $2,016.57 $285,021.33
Feb, 2026 46 $1,187.59 $438.98 $390.00 $2,016.57 $284,582.35
Mar, 2026 47 $1,185.76 $440.81 $390.00 $2,016.57 $284,141.54
Apr, 2026 48 $1,183.92 $442.65 $390.00 $2,016.57 $283,698.90
May, 2026 49 $1,182.08 $444.49 $390.00 $2,016.57 $283,254.41
Jun, 2026 50 $1,180.23 $446.34 $390.00 $2,016.57 $282,808.06
Jul, 2026 51 $1,178.37 $448.20 $390.00 $2,016.57 $282,359.86
Aug, 2026 52 $1,176.50 $450.07 $390.00 $2,016.57 $281,909.79
Sep, 2026 53 $1,174.62 $451.95 $390.00 $2,016.57 $281,457.84
Oct, 2026 54 $1,172.74 $453.83 $390.00 $2,016.57 $281,004.02
Nov, 2026 55 $1,170.85 $455.72 $390.00 $2,016.57 $280,548.30
Dec, 2026 56 $1,168.95 $457.62 $390.00 $2,016.57 $280,090.68
Jan, 2027 57 $1,167.04 $459.53 $390.00 $2,016.57 $279,631.15
Feb, 2027 58 $1,165.13 $461.44 $390.00 $2,016.57 $279,169.71
Mar, 2027 59 $1,163.21 $463.36 $390.00 $2,016.57 $278,706.35
Apr, 2027 60 $1,161.28 $465.29 $390.00 $2,016.57 $278,241.06
May, 2027 61 $1,159.34 $467.23 $390.00 $2,016.57 $277,773.83
Jun, 2027 62 $1,157.39 $469.18 $390.00 $2,016.57 $277,304.65
Jul, 2027 63 $1,155.44 $471.13 $390.00 $2,016.57 $276,833.51
Aug, 2027 64 $1,153.47 $473.10 $390.00 $2,016.57 $276,360.42
Sep, 2027 65 $1,151.50 $475.07 $390.00 $2,016.57 $275,885.35
Oct, 2027 66 $1,149.52 $477.05 $390.00 $2,016.57 $275,408.30
Nov, 2027 67 $1,147.53 $479.03 $390.00 $2,016.57 $274,929.27
Dec, 2027 68 $1,145.54 $481.03 $390.00 $2,016.57 $274,448.24
Jan, 2028 69 $1,143.53 $483.04 $390.00 $2,016.57 $273,965.20
Feb, 2028 70 $1,141.52 $485.05 $390.00 $2,016.57 $273,480.15
Mar, 2028 71 $1,139.50 $487.07 $390.00 $2,016.57 $272,993.09
Apr, 2028 72 $1,137.47 $489.10 $390.00 $2,016.57 $272,503.99
May, 2028 73 $1,135.43 $491.14 $390.00 $2,016.57 $272,012.85
Jun, 2028 74 $1,133.39 $493.18 $390.00 $2,016.57 $271,519.67
Jul, 2028 75 $1,131.33 $495.24 $390.00 $2,016.57 $271,024.43
Aug, 2028 76 $1,129.27 $497.30 $390.00 $2,016.57 $270,527.13
Sep, 2028 77 $1,127.20 $499.37 $390.00 $2,016.57 $270,027.76
Oct, 2028 78 $1,125.12 $501.45 $390.00 $2,016.57 $269,526.30
Nov, 2028 79 $1,123.03 $503.54 $390.00 $2,016.57 $269,022.76
Dec, 2028 80 $1,120.93 $505.64 $390.00 $2,016.57 $268,517.12
Jan, 2029 81 $1,118.82 $507.75 $390.00 $2,016.57 $268,009.37
Feb, 2029 82 $1,116.71 $509.86 $390.00 $2,016.57 $267,499.51
Mar, 2029 83 $1,114.58 $511.99 $390.00 $2,016.57 $266,987.52
Apr, 2029 84 $1,112.45 $514.12 $390.00 $2,016.57 $266,473.40
May, 2029 85 $1,110.31 $516.26 $390.00 $2,016.57 $265,957.13
Jun, 2029 86 $1,108.15 $518.41 $390.00 $2,016.57 $265,438.72
Jul, 2029 87 $1,105.99 $520.57 $390.00 $2,016.57 $264,918.14
Aug, 2029 88 $1,103.83 $522.74 $390.00 $2,016.57 $264,395.40
Sep, 2029 89 $1,101.65 $524.92 $390.00 $2,016.57 $263,870.48
Oct, 2029 90 $1,099.46 $527.11 $390.00 $2,016.57 $263,343.37
Nov, 2029 91 $1,097.26 $529.31 $390.00 $2,016.57 $262,814.06
Dec, 2029 92 $1,095.06 $531.51 $390.00 $2,016.57 $262,282.55
Jan, 2030 93 $1,092.84 $533.73 $390.00 $2,016.57 $261,748.83
Feb, 2030 94 $1,090.62 $535.95 $390.00 $2,016.57 $261,212.88
Mar, 2030 95 $1,088.39 $538.18 $390.00 $2,016.57 $260,674.69
Apr, 2030 96 $1,086.14 $540.42 $390.00 $2,016.57 $260,134.27
May, 2030 97 $1,083.89 $542.68 $390.00 $2,016.57 $259,591.59
Jun, 2030 98 $1,081.63 $544.94 $390.00 $2,016.57 $259,046.65
Jul, 2030 99 $1,079.36 $547.21 $390.00 $2,016.57 $258,499.45
Aug, 2030 100 $1,077.08 $549.49 $390.00 $2,016.57 $257,949.96
Sep, 2030 101 $1,074.79 $551.78 $390.00 $2,016.57 $257,398.18
Oct, 2030 102 $1,072.49 $554.08 $390.00 $2,016.57 $256,844.10
Nov, 2030 103 $1,070.18 $556.39 $390.00 $2,016.57 $256,287.72
Dec, 2030 104 $1,067.87 $558.70 $390.00 $2,016.57 $255,729.01
Jan, 2031 105 $1,065.54 $561.03 $390.00 $2,016.57 $255,167.98
Feb, 2031 106 $1,063.20 $563.37 $390.00 $2,016.57 $254,604.61
Mar, 2031 107 $1,060.85 $565.72 $390.00 $2,016.57 $254,038.89
Apr, 2031 108 $1,058.50 $568.07 $390.00 $2,016.57 $253,470.82
May, 2031 109 $1,056.13 $570.44 $390.00 $2,016.57 $252,900.38
Jun, 2031 110 $1,053.75 $572.82 $390.00 $2,016.57 $252,327.56
Jul, 2031 111 $1,051.36 $575.20 $390.00 $2,016.57 $251,752.36
Aug, 2031 112 $1,048.97 $577.60 $390.00 $2,016.57 $251,174.75
Sep, 2031 113 $1,046.56 $580.01 $390.00 $2,016.57 $250,594.75
Oct, 2031 114 $1,044.14 $582.42 $390.00 $2,016.57 $250,012.32
Nov, 2031 115 $1,041.72 $584.85 $390.00 $2,016.57 $249,427.47
Dec, 2031 116 $1,039.28 $587.29 $390.00 $2,016.57 $248,840.18
Jan, 2032 117 $1,036.83 $589.74 $390.00 $2,016.57 $248,250.45
Feb, 2032 118 $1,034.38 $592.19 $390.00 $2,016.57 $247,658.25
Mar, 2032 119 $1,031.91 $594.66 $390.00 $2,016.57 $247,063.59
Apr, 2032 120 $1,029.43 $597.14 $390.00 $2,016.57 $246,466.46
May, 2032 121 $1,026.94 $599.63 $390.00 $2,016.57 $245,866.83
Jun, 2032 122 $1,024.45 $602.12 $390.00 $2,016.57 $245,264.71
Jul, 2032 123 $1,021.94 $604.63 $390.00 $2,016.57 $244,660.07
Aug, 2032 124 $1,019.42 $607.15 $390.00 $2,016.57 $244,052.92
Sep, 2032 125 $1,016.89 $609.68 $390.00 $2,016.57 $243,443.24
Oct, 2032 126 $1,014.35 $612.22 $390.00 $2,016.57 $242,831.01
Nov, 2032 127 $1,011.80 $614.77 $390.00 $2,016.57 $242,216.24
Dec, 2032 128 $1,009.23 $617.34 $390.00 $2,016.57 $241,598.91
Jan, 2033 129 $1,006.66 $619.91 $390.00 $2,016.57 $240,979.00
Feb, 2033 130 $1,004.08 $622.49 $390.00 $2,016.57 $240,356.51
Mar, 2033 131 $1,001.49 $625.08 $390.00 $2,016.57 $239,731.42
Apr, 2033 132 $998.88 $627.69 $390.00 $2,016.57 $239,103.73
May, 2033 133 $996.27 $630.30 $390.00 $2,016.57 $238,473.43
Jun, 2033 134 $993.64 $632.93 $390.00 $2,016.57 $237,840.50
Jul, 2033 135 $991.00 $635.57 $390.00 $2,016.57 $237,204.93
Aug, 2033 136 $988.35 $638.22 $390.00 $2,016.57 $236,566.72
Sep, 2033 137 $985.69 $640.87 $390.00 $2,016.57 $235,925.84
Oct, 2033 138 $983.02 $643.55 $390.00 $2,016.57 $235,282.30
Nov, 2033 139 $980.34 $646.23 $390.00 $2,016.57 $234,636.07
Dec, 2033 140 $977.65 $648.92 $390.00 $2,016.57 $233,987.15
Jan, 2034 141 $974.95 $651.62 $390.00 $2,016.57 $233,335.53
Feb, 2034 142 $972.23 $654.34 $390.00 $2,016.57 $232,681.19
Mar, 2034 143 $969.50 $657.06 $390.00 $2,016.57 $232,024.13
Apr, 2034 144 $966.77 $659.80 $390.00 $2,016.57 $231,364.32
May, 2034 145 $964.02 $662.55 $390.00 $2,016.57 $230,701.77
Jun, 2034 146 $961.26 $665.31 $390.00 $2,016.57 $230,036.46
Jul, 2034 147 $958.49 $668.08 $390.00 $2,016.57 $229,368.38
Aug, 2034 148 $955.70 $670.87 $390.00 $2,016.57 $228,697.51
Sep, 2034 149 $952.91 $673.66 $390.00 $2,016.57 $228,023.84
Oct, 2034 150 $950.10 $676.47 $390.00 $2,016.57 $227,347.37
Nov, 2034 151 $947.28 $679.29 $390.00 $2,016.57 $226,668.09
Dec, 2034 152 $944.45 $682.12 $390.00 $2,016.57 $225,985.97
Jan, 2035 153 $941.61 $684.96 $390.00 $2,016.57 $225,301.01
Feb, 2035 154 $938.75 $687.82 $390.00 $2,016.57 $224,613.19
Mar, 2035 155 $935.89 $690.68 $390.00 $2,016.57 $223,922.51
Apr, 2035 156 $933.01 $693.56 $390.00 $2,016.57 $223,228.95
May, 2035 157 $930.12 $696.45 $390.00 $2,016.57 $222,532.50
Jun, 2035 158 $927.22 $699.35 $390.00 $2,016.57 $221,833.15
Jul, 2035 159 $924.30 $702.26 $390.00 $2,016.57 $221,130.89
Aug, 2035 160 $921.38 $705.19 $390.00 $2,016.57 $220,425.69
Sep, 2035 161 $918.44 $708.13 $390.00 $2,016.57 $219,717.57
Oct, 2035 162 $915.49 $711.08 $390.00 $2,016.57 $219,006.49
Nov, 2035 163 $912.53 $714.04 $390.00 $2,016.57 $218,292.44
Dec, 2035 164 $909.55 $717.02 $390.00 $2,016.57 $217,575.43
Jan, 2036 165 $906.56 $720.01 $390.00 $2,016.57 $216,855.42
Feb, 2036 166 $903.56 $723.01 $390.00 $2,016.57 $216,132.41
Mar, 2036 167 $900.55 $726.02 $390.00 $2,016.57 $215,406.40
Apr, 2036 168 $897.53 $729.04 $390.00 $2,016.57 $214,677.35
May, 2036 169 $894.49 $732.08 $390.00 $2,016.57 $213,945.27
Jun, 2036 170 $891.44 $735.13 $390.00 $2,016.57 $213,210.14
Jul, 2036 171 $888.38 $738.19 $390.00 $2,016.57 $212,471.95
Aug, 2036 172 $885.30 $741.27 $390.00 $2,016.57 $211,730.68
Sep, 2036 173 $882.21 $744.36 $390.00 $2,016.57 $210,986.32
Oct, 2036 174 $879.11 $747.46 $390.00 $2,016.57 $210,238.86
Nov, 2036 175 $876.00 $750.57 $390.00 $2,016.57 $209,488.29
Dec, 2036 176 $872.87 $753.70 $390.00 $2,016.57 $208,734.59
Jan, 2037 177 $869.73 $756.84 $390.00 $2,016.57 $207,977.74
Feb, 2037 178 $866.57 $760.00 $390.00 $2,016.57 $207,217.75
Mar, 2037 179 $863.41 $763.16 $390.00 $2,016.57 $206,454.59
Apr, 2037 180 $860.23 $766.34 $390.00 $2,016.57 $205,688.24
May, 2037 181 $857.03 $769.54 $390.00 $2,016.57 $204,918.71
Jun, 2037 182 $853.83 $772.74 $390.00 $2,016.57 $204,145.97
Jul, 2037 183 $850.61 $775.96 $390.00 $2,016.57 $203,370.01
Aug, 2037 184 $847.38 $779.19 $390.00 $2,016.57 $202,590.81
Sep, 2037 185 $844.13 $782.44 $390.00 $2,016.57 $201,808.37
Oct, 2037 186 $840.87 $785.70 $390.00 $2,016.57 $201,022.67
Nov, 2037 187 $837.59 $788.98 $390.00 $2,016.57 $200,233.69
Dec, 2037 188 $834.31 $792.26 $390.00 $2,016.57 $199,441.43
Jan, 2038 189 $831.01 $795.56 $390.00 $2,016.57 $198,645.87
Feb, 2038 190 $827.69 $798.88 $390.00 $2,016.57 $197,846.99
Mar, 2038 191 $824.36 $802.21 $390.00 $2,016.57 $197,044.78
Apr, 2038 192 $821.02 $805.55 $390.00 $2,016.57 $196,239.23
May, 2038 193 $817.66 $808.91 $390.00 $2,016.57 $195,430.33
Jun, 2038 194 $814.29 $812.28 $390.00 $2,016.57 $194,618.05
Jul, 2038 195 $810.91 $815.66 $390.00 $2,016.57 $193,802.39
Aug, 2038 196 $807.51 $819.06 $390.00 $2,016.57 $192,983.33
Sep, 2038 197 $804.10 $822.47 $390.00 $2,016.57 $192,160.86
Oct, 2038 198 $800.67 $825.90 $390.00 $2,016.57 $191,334.96
Nov, 2038 199 $797.23 $829.34 $390.00 $2,016.57 $190,505.62
Dec, 2038 200 $793.77 $832.80 $390.00 $2,016.57 $189,672.82
Jan, 2039 201 $790.30 $836.27 $390.00 $2,016.57 $188,836.55
Feb, 2039 202 $786.82 $839.75 $390.00 $2,016.57 $187,996.80
Mar, 2039 203 $783.32 $843.25 $390.00 $2,016.57 $187,153.55
Apr, 2039 204 $779.81 $846.76 $390.00 $2,016.57 $186,306.79
May, 2039 205 $776.28 $850.29 $390.00 $2,016.57 $185,456.50
Jun, 2039 206 $772.74 $853.83 $390.00 $2,016.57 $184,602.67
Jul, 2039 207 $769.18 $857.39 $390.00 $2,016.57 $183,745.27
Aug, 2039 208 $765.61 $860.96 $390.00 $2,016.57 $182,884.31
Sep, 2039 209 $762.02 $864.55 $390.00 $2,016.57 $182,019.76
Oct, 2039 210 $758.42 $868.15 $390.00 $2,016.57 $181,151.60
Nov, 2039 211 $754.80 $871.77 $390.00 $2,016.57 $180,279.83
Dec, 2039 212 $751.17 $875.40 $390.00 $2,016.57 $179,404.43
Jan, 2040 213 $747.52 $879.05 $390.00 $2,016.57 $178,525.38
Feb, 2040 214 $743.86 $882.71 $390.00 $2,016.57 $177,642.67
Mar, 2040 215 $740.18 $886.39 $390.00 $2,016.57 $176,756.27
Apr, 2040 216 $736.48 $890.09 $390.00 $2,016.57 $175,866.19
May, 2040 217 $732.78 $893.79 $390.00 $2,016.57 $174,972.39
Jun, 2040 218 $729.05 $897.52 $390.00 $2,016.57 $174,074.88
Jul, 2040 219 $725.31 $901.26 $390.00 $2,016.57 $173,173.62
Aug, 2040 220 $721.56 $905.01 $390.00 $2,016.57 $172,268.61
Sep, 2040 221 $717.79 $908.78 $390.00 $2,016.57 $171,359.82
Oct, 2040 222 $714.00 $912.57 $390.00 $2,016.57 $170,447.25
Nov, 2040 223 $710.20 $916.37 $390.00 $2,016.57 $169,530.88
Dec, 2040 224 $706.38 $920.19 $390.00 $2,016.57 $168,610.69
Jan, 2041 225 $702.54 $924.02 $390.00 $2,016.57 $167,686.66
Feb, 2041 226 $698.69 $927.88 $390.00 $2,016.57 $166,758.79
Mar, 2041 227 $694.83 $931.74 $390.00 $2,016.57 $165,827.05
Apr, 2041 228 $690.95 $935.62 $390.00 $2,016.57 $164,891.42
May, 2041 229 $687.05 $939.52 $390.00 $2,016.57 $163,951.90
Jun, 2041 230 $683.13 $943.44 $390.00 $2,016.57 $163,008.47
Jul, 2041 231 $679.20 $947.37 $390.00 $2,016.57 $162,061.10
Aug, 2041 232 $675.25 $951.31 $390.00 $2,016.57 $161,109.78
Sep, 2041 233 $671.29 $955.28 $390.00 $2,016.57 $160,154.50
Oct, 2041 234 $667.31 $959.26 $390.00 $2,016.57 $159,195.25
Nov, 2041 235 $663.31 $963.26 $390.00 $2,016.57 $158,231.99
Dec, 2041 236 $659.30 $967.27 $390.00 $2,016.57 $157,264.72
Jan, 2042 237 $655.27 $971.30 $390.00 $2,016.57 $156,293.42
Feb, 2042 238 $651.22 $975.35 $390.00 $2,016.57 $155,318.07
Mar, 2042 239 $647.16 $979.41 $390.00 $2,016.57 $154,338.66
Apr, 2042 240 $643.08 $983.49 $390.00 $2,016.57 $153,355.17
May, 2042 241 $638.98 $987.59 $390.00 $2,016.57 $152,367.58
Jun, 2042 242 $634.86 $991.70 $390.00 $2,016.57 $151,375.88
Jul, 2042 243 $630.73 $995.84 $390.00 $2,016.57 $150,380.04
Aug, 2042 244 $626.58 $999.99 $390.00 $2,016.57 $149,380.05
Sep, 2042 245 $622.42 $1,004.15 $390.00 $2,016.57 $148,375.90
Oct, 2042 246 $618.23 $1,008.34 $390.00 $2,016.57 $147,367.56
Nov, 2042 247 $614.03 $1,012.54 $390.00 $2,016.57 $146,355.03
Dec, 2042 248 $609.81 $1,016.76 $390.00 $2,016.57 $145,338.27
Jan, 2043 249 $605.58 $1,020.99 $390.00 $2,016.57 $144,317.28
Feb, 2043 250 $601.32 $1,025.25 $390.00 $2,016.57 $143,292.03
Mar, 2043 251 $597.05 $1,029.52 $390.00 $2,016.57 $142,262.51
Apr, 2043 252 $592.76 $1,033.81 $390.00 $2,016.57 $141,228.70
May, 2043 253 $588.45 $1,038.12 $390.00 $2,016.57 $140,190.58
Jun, 2043 254 $584.13 $1,042.44 $390.00 $2,016.57 $139,148.14
Jul, 2043 255 $579.78 $1,046.79 $390.00 $2,016.57 $138,101.36
Aug, 2043 256 $575.42 $1,051.15 $390.00 $2,016.57 $137,050.21
Sep, 2043 257 $571.04 $1,055.53 $390.00 $2,016.57 $135,994.68
Oct, 2043 258 $566.64 $1,059.93 $390.00 $2,016.57 $134,934.76
Nov, 2043 259 $562.23 $1,064.34 $390.00 $2,016.57 $133,870.42
Dec, 2043 260 $557.79 $1,068.78 $390.00 $2,016.57 $132,801.64
Jan, 2044 261 $553.34 $1,073.23 $390.00 $2,016.57 $131,728.41
Feb, 2044 262 $548.87 $1,077.70 $390.00 $2,016.57 $130,650.71
Mar, 2044 263 $544.38 $1,082.19 $390.00 $2,016.57 $129,568.52
Apr, 2044 264 $539.87 $1,086.70 $390.00 $2,016.57 $128,481.82
May, 2044 265 $535.34 $1,091.23 $390.00 $2,016.57 $127,390.59
Jun, 2044 266 $530.79 $1,095.78 $390.00 $2,016.57 $126,294.81
Jul, 2044 267 $526.23 $1,100.34 $390.00 $2,016.57 $125,194.47
Aug, 2044 268 $521.64 $1,104.93 $390.00 $2,016.57 $124,089.55
Sep, 2044 269 $517.04 $1,109.53 $390.00 $2,016.57 $122,980.02
Oct, 2044 270 $512.42 $1,114.15 $390.00 $2,016.57 $121,865.86
Nov, 2044 271 $507.77 $1,118.80 $390.00 $2,016.57 $120,747.07
Dec, 2044 272 $503.11 $1,123.46 $390.00 $2,016.57 $119,623.61
Jan, 2045 273 $498.43 $1,128.14 $390.00 $2,016.57 $118,495.47
Feb, 2045 274 $493.73 $1,132.84 $390.00 $2,016.57 $117,362.63
Mar, 2045 275 $489.01 $1,137.56 $390.00 $2,016.57 $116,225.08
Apr, 2045 276 $484.27 $1,142.30 $390.00 $2,016.57 $115,082.78
May, 2045 277 $479.51 $1,147.06 $390.00 $2,016.57 $113,935.72
Jun, 2045 278 $474.73 $1,151.84 $390.00 $2,016.57 $112,783.88
Jul, 2045 279 $469.93 $1,156.64 $390.00 $2,016.57 $111,627.25
Aug, 2045 280 $465.11 $1,161.46 $390.00 $2,016.57 $110,465.79
Sep, 2045 281 $460.27 $1,166.30 $390.00 $2,016.57 $109,299.49
Oct, 2045 282 $455.41 $1,171.15 $390.00 $2,016.57 $108,128.34
Nov, 2045 283 $450.53 $1,176.03 $390.00 $2,016.57 $106,952.30
Dec, 2045 284 $445.63 $1,180.93 $390.00 $2,016.57 $105,771.37
Jan, 2046 285 $440.71 $1,185.86 $390.00 $2,016.57 $104,585.51
Feb, 2046 286 $435.77 $1,190.80 $390.00 $2,016.57 $103,394.72
Mar, 2046 287 $430.81 $1,195.76 $390.00 $2,016.57 $102,198.96
Apr, 2046 288 $425.83 $1,200.74 $390.00 $2,016.57 $100,998.22
May, 2046 289 $420.83 $1,205.74 $390.00 $2,016.57 $99,792.48
Jun, 2046 290 $415.80 $1,210.77 $390.00 $2,016.57 $98,581.71
Jul, 2046 291 $410.76 $1,215.81 $390.00 $2,016.57 $97,365.90
Aug, 2046 292 $405.69 $1,220.88 $390.00 $2,016.57 $96,145.02
Sep, 2046 293 $400.60 $1,225.97 $390.00 $2,016.57 $94,919.05
Oct, 2046 294 $395.50 $1,231.07 $390.00 $2,016.57 $93,687.98
Nov, 2046 295 $390.37 $1,236.20 $390.00 $2,016.57 $92,451.78
Dec, 2046 296 $385.22 $1,241.35 $390.00 $2,016.57 $91,210.42
Jan, 2047 297 $380.04 $1,246.53 $390.00 $2,016.57 $89,963.90
Feb, 2047 298 $374.85 $1,251.72 $390.00 $2,016.57 $88,712.18
Mar, 2047 299 $369.63 $1,256.94 $390.00 $2,016.57 $87,455.24
Apr, 2047 300 $364.40 $1,262.17 $390.00 $2,016.57 $86,193.07
May, 2047 301 $359.14 $1,267.43 $390.00 $2,016.57 $84,925.64
Jun, 2047 302 $353.86 $1,272.71 $390.00 $2,016.57 $83,652.92
Jul, 2047 303 $348.55 $1,278.02 $390.00 $2,016.57 $82,374.91
Aug, 2047 304 $343.23 $1,283.34 $390.00 $2,016.57 $81,091.57
Sep, 2047 305 $337.88 $1,288.69 $390.00 $2,016.57 $79,802.88
Oct, 2047 306 $332.51 $1,294.06 $390.00 $2,016.57 $78,508.82
Nov, 2047 307 $327.12 $1,299.45 $390.00 $2,016.57 $77,209.37
Dec, 2047 308 $321.71 $1,304.86 $390.00 $2,016.57 $75,904.51
Jan, 2048 309 $316.27 $1,310.30 $390.00 $2,016.57 $74,594.21
Feb, 2048 310 $310.81 $1,315.76 $390.00 $2,016.57 $73,278.45
Mar, 2048 311 $305.33 $1,321.24 $390.00 $2,016.57 $71,957.20
Apr, 2048 312 $299.82 $1,326.75 $390.00 $2,016.57 $70,630.46
May, 2048 313 $294.29 $1,332.28 $390.00 $2,016.57 $69,298.18
Jun, 2048 314 $288.74 $1,337.83 $390.00 $2,016.57 $67,960.35
Jul, 2048 315 $283.17 $1,343.40 $390.00 $2,016.57 $66,616.95
Aug, 2048 316 $277.57 $1,349.00 $390.00 $2,016.57 $65,267.95
Sep, 2048 317 $271.95 $1,354.62 $390.00 $2,016.57 $63,913.33
Oct, 2048 318 $266.31 $1,360.26 $390.00 $2,016.57 $62,553.07
Nov, 2048 319 $260.64 $1,365.93 $390.00 $2,016.57 $61,187.14
Dec, 2048 320 $254.95 $1,371.62 $390.00 $2,016.57 $59,815.51
Jan, 2049 321 $249.23 $1,377.34 $390.00 $2,016.57 $58,438.18
Feb, 2049 322 $243.49 $1,383.08 $390.00 $2,016.57 $57,055.10
Mar, 2049 323 $237.73 $1,388.84 $390.00 $2,016.57 $55,666.26
Apr, 2049 324 $231.94 $1,394.63 $390.00 $2,016.57 $54,271.63
May, 2049 325 $226.13 $1,400.44 $390.00 $2,016.57 $52,871.19
Jun, 2049 326 $220.30 $1,406.27 $390.00 $2,016.57 $51,464.92
Jul, 2049 327 $214.44 $1,412.13 $390.00 $2,016.57 $50,052.79
Aug, 2049 328 $208.55 $1,418.02 $390.00 $2,016.57 $48,634.77
Sep, 2049 329 $202.64 $1,423.92 $390.00 $2,016.57 $47,210.85
Oct, 2049 330 $196.71 $1,429.86 $390.00 $2,016.57 $45,780.99
Nov, 2049 331 $190.75 $1,435.82 $390.00 $2,016.57 $44,345.18
Dec, 2049 332 $184.77 $1,441.80 $390.00 $2,016.57 $42,903.38
Jan, 2050 333 $178.76 $1,447.81 $390.00 $2,016.57 $41,455.57
Feb, 2050 334 $172.73 $1,453.84 $390.00 $2,016.57 $40,001.73
Mar, 2050 335 $166.67 $1,459.90 $390.00 $2,016.57 $38,541.84
Apr, 2050 336 $160.59 $1,465.98 $390.00 $2,016.57 $37,075.86
May, 2050 337 $154.48 $1,472.09 $390.00 $2,016.57 $35,603.77
Jun, 2050 338 $148.35 $1,478.22 $390.00 $2,016.57 $34,125.55
Jul, 2050 339 $142.19 $1,484.38 $390.00 $2,016.57 $32,641.17
Aug, 2050 340 $136.00 $1,490.56 $390.00 $2,016.57 $31,150.61
Sep, 2050 341 $129.79 $1,496.78 $390.00 $2,016.57 $29,653.83
Oct, 2050 342 $123.56 $1,503.01 $390.00 $2,016.57 $28,150.82
Nov, 2050 343 $117.30 $1,509.27 $390.00 $2,016.57 $26,641.55
Dec, 2050 344 $111.01 $1,515.56 $390.00 $2,016.57 $25,125.98
Jan, 2051 345 $104.69 $1,521.88 $390.00 $2,016.57 $23,604.11
Feb, 2051 346 $98.35 $1,528.22 $390.00 $2,016.57 $22,075.89
Mar, 2051 347 $91.98 $1,534.59 $390.00 $2,016.57 $20,541.30
Apr, 2051 348 $85.59 $1,540.98 $390.00 $2,016.57 $19,000.32
May, 2051 349 $79.17 $1,547.40 $390.00 $2,016.57 $17,452.92
Jun, 2051 350 $72.72 $1,553.85 $390.00 $2,016.57 $15,899.07
Jul, 2051 351 $66.25 $1,560.32 $390.00 $2,016.57 $14,338.75
Aug, 2051 352 $59.74 $1,566.82 $390.00 $2,016.57 $12,771.92
Sep, 2051 353 $53.22 $1,573.35 $390.00 $2,016.57 $11,198.57
Oct, 2051 354 $46.66 $1,579.91 $390.00 $2,016.57 $9,618.66
Nov, 2051 355 $40.08 $1,586.49 $390.00 $2,016.57 $8,032.17
Dec, 2051 356 $33.47 $1,593.10 $390.00 $2,016.57 $6,439.07
Jan, 2052 357 $26.83 $1,599.74 $390.00 $2,016.57 $4,839.32
Feb, 2052 358 $20.16 $1,606.41 $390.00 $2,016.57 $3,232.92
Mar, 2052 359 $13.47 $1,613.10 $390.00 $2,016.57 $1,619.82
Apr, 2052 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 Apr, 2052 Jul, 2047

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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 the 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. The USDA mortgages are issued by private lenders and offer many benefits over the traditional mortgage 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 the private lenders to learn more about the program and the USDA loan.


USDA Loans Vs. Traditional Mortgages

In a traditional mortgage, lenders prefer the borrower to put down at least 20% on the down payment. If not, the borrower is required to pay private mortgage insurance or PMI to protect the lender in case the borrower defaults on the mortgage. The PMI payment is removed once the borrower has more than 20% of equity in the house, or when their loan to value (LTV) ratio falls below 80%. USDA loan does not require 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.


USDA Loan Calculator

The USDA mortgage calculator is easy to use with breakdowns of every payment showing 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 the 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 associations 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 by yearly or monthly. In the case of bi-weekly payment, 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 an one time extra payment, or a recurring monthly, biweekly, quarterly or yearly payment.





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