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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: Mar, 2023
Payoff Date: Feb, 2053
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
Mar, 2023 1 $1,262.50 $364.07 $390.00 $2,016.57 $302,635.93
Apr, 2023 2 $1,260.98 $365.59 $390.00 $2,016.57 $302,270.34
May, 2023 3 $1,259.46 $367.11 $390.00 $2,016.57 $301,903.23
Jun, 2023 4 $1,257.93 $368.64 $390.00 $2,016.57 $301,534.59
Jul, 2023 5 $1,256.39 $370.18 $390.00 $2,016.57 $301,164.42
Aug, 2023 6 $1,254.85 $371.72 $390.00 $2,016.57 $300,792.70
Sep, 2023 7 $1,253.30 $373.27 $390.00 $2,016.57 $300,419.44
Oct, 2023 8 $1,251.75 $374.82 $390.00 $2,016.57 $300,044.61
Nov, 2023 9 $1,250.19 $376.38 $390.00 $2,016.57 $299,668.23
Dec, 2023 10 $1,248.62 $377.95 $390.00 $2,016.57 $299,290.28
Jan, 2024 11 $1,247.04 $379.53 $390.00 $2,016.57 $298,910.75
Feb, 2024 12 $1,245.46 $381.11 $390.00 $2,016.57 $298,529.64
Mar, 2024 13 $1,243.87 $382.70 $390.00 $2,016.57 $298,146.95
Apr, 2024 14 $1,242.28 $384.29 $390.00 $2,016.57 $297,762.66
May, 2024 15 $1,240.68 $385.89 $390.00 $2,016.57 $297,376.76
Jun, 2024 16 $1,239.07 $387.50 $390.00 $2,016.57 $296,989.26
Jul, 2024 17 $1,237.46 $389.11 $390.00 $2,016.57 $296,600.15
Aug, 2024 18 $1,235.83 $390.74 $390.00 $2,016.57 $296,209.42
Sep, 2024 19 $1,234.21 $392.36 $390.00 $2,016.57 $295,817.05
Oct, 2024 20 $1,232.57 $394.00 $390.00 $2,016.57 $295,423.05
Nov, 2024 21 $1,230.93 $395.64 $390.00 $2,016.57 $295,027.41
Dec, 2024 22 $1,229.28 $397.29 $390.00 $2,016.57 $294,630.12
Jan, 2025 23 $1,227.63 $398.94 $390.00 $2,016.57 $294,231.18
Feb, 2025 24 $1,225.96 $400.61 $390.00 $2,016.57 $293,830.57
Mar, 2025 25 $1,224.29 $402.28 $390.00 $2,016.57 $293,428.30
Apr, 2025 26 $1,222.62 $403.95 $390.00 $2,016.57 $293,024.35
May, 2025 27 $1,220.93 $405.63 $390.00 $2,016.57 $292,618.71
Jun, 2025 28 $1,219.24 $407.32 $390.00 $2,016.57 $292,211.39
Jul, 2025 29 $1,217.55 $409.02 $390.00 $2,016.57 $291,802.37
Aug, 2025 30 $1,215.84 $410.73 $390.00 $2,016.57 $291,391.64
Sep, 2025 31 $1,214.13 $412.44 $390.00 $2,016.57 $290,979.20
Oct, 2025 32 $1,212.41 $414.16 $390.00 $2,016.57 $290,565.05
Nov, 2025 33 $1,210.69 $415.88 $390.00 $2,016.57 $290,149.16
Dec, 2025 34 $1,208.95 $417.61 $390.00 $2,016.57 $289,731.55
Jan, 2026 35 $1,207.21 $419.35 $390.00 $2,016.57 $289,312.19
Feb, 2026 36 $1,205.47 $421.10 $390.00 $2,016.57 $288,891.09
Mar, 2026 37 $1,203.71 $422.86 $390.00 $2,016.57 $288,468.24
Apr, 2026 38 $1,201.95 $424.62 $390.00 $2,016.57 $288,043.62
May, 2026 39 $1,200.18 $426.39 $390.00 $2,016.57 $287,617.23
Jun, 2026 40 $1,198.41 $428.16 $390.00 $2,016.57 $287,189.06
Jul, 2026 41 $1,196.62 $429.95 $390.00 $2,016.57 $286,759.12
Aug, 2026 42 $1,194.83 $431.74 $390.00 $2,016.57 $286,327.38
Sep, 2026 43 $1,193.03 $433.54 $390.00 $2,016.57 $285,893.84
Oct, 2026 44 $1,191.22 $435.35 $390.00 $2,016.57 $285,458.49
Nov, 2026 45 $1,189.41 $437.16 $390.00 $2,016.57 $285,021.33
Dec, 2026 46 $1,187.59 $438.98 $390.00 $2,016.57 $284,582.35
Jan, 2027 47 $1,185.76 $440.81 $390.00 $2,016.57 $284,141.54
Feb, 2027 48 $1,183.92 $442.65 $390.00 $2,016.57 $283,698.90
Mar, 2027 49 $1,182.08 $444.49 $390.00 $2,016.57 $283,254.41
Apr, 2027 50 $1,180.23 $446.34 $390.00 $2,016.57 $282,808.06
May, 2027 51 $1,178.37 $448.20 $390.00 $2,016.57 $282,359.86
Jun, 2027 52 $1,176.50 $450.07 $390.00 $2,016.57 $281,909.79
Jul, 2027 53 $1,174.62 $451.95 $390.00 $2,016.57 $281,457.84
Aug, 2027 54 $1,172.74 $453.83 $390.00 $2,016.57 $281,004.02
Sep, 2027 55 $1,170.85 $455.72 $390.00 $2,016.57 $280,548.30
Oct, 2027 56 $1,168.95 $457.62 $390.00 $2,016.57 $280,090.68
Nov, 2027 57 $1,167.04 $459.53 $390.00 $2,016.57 $279,631.15
Dec, 2027 58 $1,165.13 $461.44 $390.00 $2,016.57 $279,169.71
Jan, 2028 59 $1,163.21 $463.36 $390.00 $2,016.57 $278,706.35
Feb, 2028 60 $1,161.28 $465.29 $390.00 $2,016.57 $278,241.06
Mar, 2028 61 $1,159.34 $467.23 $390.00 $2,016.57 $277,773.83
Apr, 2028 62 $1,157.39 $469.18 $390.00 $2,016.57 $277,304.65
May, 2028 63 $1,155.44 $471.13 $390.00 $2,016.57 $276,833.51
Jun, 2028 64 $1,153.47 $473.10 $390.00 $2,016.57 $276,360.42
Jul, 2028 65 $1,151.50 $475.07 $390.00 $2,016.57 $275,885.35
Aug, 2028 66 $1,149.52 $477.05 $390.00 $2,016.57 $275,408.30
Sep, 2028 67 $1,147.53 $479.03 $390.00 $2,016.57 $274,929.27
Oct, 2028 68 $1,145.54 $481.03 $390.00 $2,016.57 $274,448.24
Nov, 2028 69 $1,143.53 $483.04 $390.00 $2,016.57 $273,965.20
Dec, 2028 70 $1,141.52 $485.05 $390.00 $2,016.57 $273,480.15
Jan, 2029 71 $1,139.50 $487.07 $390.00 $2,016.57 $272,993.09
Feb, 2029 72 $1,137.47 $489.10 $390.00 $2,016.57 $272,503.99
Mar, 2029 73 $1,135.43 $491.14 $390.00 $2,016.57 $272,012.85
Apr, 2029 74 $1,133.39 $493.18 $390.00 $2,016.57 $271,519.67
May, 2029 75 $1,131.33 $495.24 $390.00 $2,016.57 $271,024.43
Jun, 2029 76 $1,129.27 $497.30 $390.00 $2,016.57 $270,527.13
Jul, 2029 77 $1,127.20 $499.37 $390.00 $2,016.57 $270,027.76
Aug, 2029 78 $1,125.12 $501.45 $390.00 $2,016.57 $269,526.30
Sep, 2029 79 $1,123.03 $503.54 $390.00 $2,016.57 $269,022.76
Oct, 2029 80 $1,120.93 $505.64 $390.00 $2,016.57 $268,517.12
Nov, 2029 81 $1,118.82 $507.75 $390.00 $2,016.57 $268,009.37
Dec, 2029 82 $1,116.71 $509.86 $390.00 $2,016.57 $267,499.51
Jan, 2030 83 $1,114.58 $511.99 $390.00 $2,016.57 $266,987.52
Feb, 2030 84 $1,112.45 $514.12 $390.00 $2,016.57 $266,473.40
Mar, 2030 85 $1,110.31 $516.26 $390.00 $2,016.57 $265,957.13
Apr, 2030 86 $1,108.15 $518.41 $390.00 $2,016.57 $265,438.72
May, 2030 87 $1,105.99 $520.57 $390.00 $2,016.57 $264,918.14
Jun, 2030 88 $1,103.83 $522.74 $390.00 $2,016.57 $264,395.40
Jul, 2030 89 $1,101.65 $524.92 $390.00 $2,016.57 $263,870.48
Aug, 2030 90 $1,099.46 $527.11 $390.00 $2,016.57 $263,343.37
Sep, 2030 91 $1,097.26 $529.31 $390.00 $2,016.57 $262,814.06
Oct, 2030 92 $1,095.06 $531.51 $390.00 $2,016.57 $262,282.55
Nov, 2030 93 $1,092.84 $533.73 $390.00 $2,016.57 $261,748.83
Dec, 2030 94 $1,090.62 $535.95 $390.00 $2,016.57 $261,212.88
Jan, 2031 95 $1,088.39 $538.18 $390.00 $2,016.57 $260,674.69
Feb, 2031 96 $1,086.14 $540.42 $390.00 $2,016.57 $260,134.27
Mar, 2031 97 $1,083.89 $542.68 $390.00 $2,016.57 $259,591.59
Apr, 2031 98 $1,081.63 $544.94 $390.00 $2,016.57 $259,046.65
May, 2031 99 $1,079.36 $547.21 $390.00 $2,016.57 $258,499.45
Jun, 2031 100 $1,077.08 $549.49 $390.00 $2,016.57 $257,949.96
Jul, 2031 101 $1,074.79 $551.78 $390.00 $2,016.57 $257,398.18
Aug, 2031 102 $1,072.49 $554.08 $390.00 $2,016.57 $256,844.10
Sep, 2031 103 $1,070.18 $556.39 $390.00 $2,016.57 $256,287.72
Oct, 2031 104 $1,067.87 $558.70 $390.00 $2,016.57 $255,729.01
Nov, 2031 105 $1,065.54 $561.03 $390.00 $2,016.57 $255,167.98
Dec, 2031 106 $1,063.20 $563.37 $390.00 $2,016.57 $254,604.61
Jan, 2032 107 $1,060.85 $565.72 $390.00 $2,016.57 $254,038.89
Feb, 2032 108 $1,058.50 $568.07 $390.00 $2,016.57 $253,470.82
Mar, 2032 109 $1,056.13 $570.44 $390.00 $2,016.57 $252,900.38
Apr, 2032 110 $1,053.75 $572.82 $390.00 $2,016.57 $252,327.56
May, 2032 111 $1,051.36 $575.20 $390.00 $2,016.57 $251,752.36
Jun, 2032 112 $1,048.97 $577.60 $390.00 $2,016.57 $251,174.75
Jul, 2032 113 $1,046.56 $580.01 $390.00 $2,016.57 $250,594.75
Aug, 2032 114 $1,044.14 $582.42 $390.00 $2,016.57 $250,012.32
Sep, 2032 115 $1,041.72 $584.85 $390.00 $2,016.57 $249,427.47
Oct, 2032 116 $1,039.28 $587.29 $390.00 $2,016.57 $248,840.18
Nov, 2032 117 $1,036.83 $589.74 $390.00 $2,016.57 $248,250.45
Dec, 2032 118 $1,034.38 $592.19 $390.00 $2,016.57 $247,658.25
Jan, 2033 119 $1,031.91 $594.66 $390.00 $2,016.57 $247,063.59
Feb, 2033 120 $1,029.43 $597.14 $390.00 $2,016.57 $246,466.46
Mar, 2033 121 $1,026.94 $599.63 $390.00 $2,016.57 $245,866.83
Apr, 2033 122 $1,024.45 $602.12 $390.00 $2,016.57 $245,264.71
May, 2033 123 $1,021.94 $604.63 $390.00 $2,016.57 $244,660.07
Jun, 2033 124 $1,019.42 $607.15 $390.00 $2,016.57 $244,052.92
Jul, 2033 125 $1,016.89 $609.68 $390.00 $2,016.57 $243,443.24
Aug, 2033 126 $1,014.35 $612.22 $390.00 $2,016.57 $242,831.01
Sep, 2033 127 $1,011.80 $614.77 $390.00 $2,016.57 $242,216.24
Oct, 2033 128 $1,009.23 $617.34 $390.00 $2,016.57 $241,598.91
Nov, 2033 129 $1,006.66 $619.91 $390.00 $2,016.57 $240,979.00
Dec, 2033 130 $1,004.08 $622.49 $390.00 $2,016.57 $240,356.51
Jan, 2034 131 $1,001.49 $625.08 $390.00 $2,016.57 $239,731.42
Feb, 2034 132 $998.88 $627.69 $390.00 $2,016.57 $239,103.73
Mar, 2034 133 $996.27 $630.30 $390.00 $2,016.57 $238,473.43
Apr, 2034 134 $993.64 $632.93 $390.00 $2,016.57 $237,840.50
May, 2034 135 $991.00 $635.57 $390.00 $2,016.57 $237,204.93
Jun, 2034 136 $988.35 $638.22 $390.00 $2,016.57 $236,566.72
Jul, 2034 137 $985.69 $640.87 $390.00 $2,016.57 $235,925.84
Aug, 2034 138 $983.02 $643.55 $390.00 $2,016.57 $235,282.30
Sep, 2034 139 $980.34 $646.23 $390.00 $2,016.57 $234,636.07
Oct, 2034 140 $977.65 $648.92 $390.00 $2,016.57 $233,987.15
Nov, 2034 141 $974.95 $651.62 $390.00 $2,016.57 $233,335.53
Dec, 2034 142 $972.23 $654.34 $390.00 $2,016.57 $232,681.19
Jan, 2035 143 $969.50 $657.06 $390.00 $2,016.57 $232,024.13
Feb, 2035 144 $966.77 $659.80 $390.00 $2,016.57 $231,364.32
Mar, 2035 145 $964.02 $662.55 $390.00 $2,016.57 $230,701.77
Apr, 2035 146 $961.26 $665.31 $390.00 $2,016.57 $230,036.46
May, 2035 147 $958.49 $668.08 $390.00 $2,016.57 $229,368.38
Jun, 2035 148 $955.70 $670.87 $390.00 $2,016.57 $228,697.51
Jul, 2035 149 $952.91 $673.66 $390.00 $2,016.57 $228,023.84
Aug, 2035 150 $950.10 $676.47 $390.00 $2,016.57 $227,347.37
Sep, 2035 151 $947.28 $679.29 $390.00 $2,016.57 $226,668.09
Oct, 2035 152 $944.45 $682.12 $390.00 $2,016.57 $225,985.97
Nov, 2035 153 $941.61 $684.96 $390.00 $2,016.57 $225,301.01
Dec, 2035 154 $938.75 $687.82 $390.00 $2,016.57 $224,613.19
Jan, 2036 155 $935.89 $690.68 $390.00 $2,016.57 $223,922.51
Feb, 2036 156 $933.01 $693.56 $390.00 $2,016.57 $223,228.95
Mar, 2036 157 $930.12 $696.45 $390.00 $2,016.57 $222,532.50
Apr, 2036 158 $927.22 $699.35 $390.00 $2,016.57 $221,833.15
May, 2036 159 $924.30 $702.26 $390.00 $2,016.57 $221,130.89
Jun, 2036 160 $921.38 $705.19 $390.00 $2,016.57 $220,425.69
Jul, 2036 161 $918.44 $708.13 $390.00 $2,016.57 $219,717.57
Aug, 2036 162 $915.49 $711.08 $390.00 $2,016.57 $219,006.49
Sep, 2036 163 $912.53 $714.04 $390.00 $2,016.57 $218,292.44
Oct, 2036 164 $909.55 $717.02 $390.00 $2,016.57 $217,575.43
Nov, 2036 165 $906.56 $720.01 $390.00 $2,016.57 $216,855.42
Dec, 2036 166 $903.56 $723.01 $390.00 $2,016.57 $216,132.41
Jan, 2037 167 $900.55 $726.02 $390.00 $2,016.57 $215,406.40
Feb, 2037 168 $897.53 $729.04 $390.00 $2,016.57 $214,677.35
Mar, 2037 169 $894.49 $732.08 $390.00 $2,016.57 $213,945.27
Apr, 2037 170 $891.44 $735.13 $390.00 $2,016.57 $213,210.14
May, 2037 171 $888.38 $738.19 $390.00 $2,016.57 $212,471.95
Jun, 2037 172 $885.30 $741.27 $390.00 $2,016.57 $211,730.68
Jul, 2037 173 $882.21 $744.36 $390.00 $2,016.57 $210,986.32
Aug, 2037 174 $879.11 $747.46 $390.00 $2,016.57 $210,238.86
Sep, 2037 175 $876.00 $750.57 $390.00 $2,016.57 $209,488.29
Oct, 2037 176 $872.87 $753.70 $390.00 $2,016.57 $208,734.59
Nov, 2037 177 $869.73 $756.84 $390.00 $2,016.57 $207,977.74
Dec, 2037 178 $866.57 $760.00 $390.00 $2,016.57 $207,217.75
Jan, 2038 179 $863.41 $763.16 $390.00 $2,016.57 $206,454.59
Feb, 2038 180 $860.23 $766.34 $390.00 $2,016.57 $205,688.24
Mar, 2038 181 $857.03 $769.54 $390.00 $2,016.57 $204,918.71
Apr, 2038 182 $853.83 $772.74 $390.00 $2,016.57 $204,145.97
May, 2038 183 $850.61 $775.96 $390.00 $2,016.57 $203,370.01
Jun, 2038 184 $847.38 $779.19 $390.00 $2,016.57 $202,590.81
Jul, 2038 185 $844.13 $782.44 $390.00 $2,016.57 $201,808.37
Aug, 2038 186 $840.87 $785.70 $390.00 $2,016.57 $201,022.67
Sep, 2038 187 $837.59 $788.98 $390.00 $2,016.57 $200,233.69
Oct, 2038 188 $834.31 $792.26 $390.00 $2,016.57 $199,441.43
Nov, 2038 189 $831.01 $795.56 $390.00 $2,016.57 $198,645.87
Dec, 2038 190 $827.69 $798.88 $390.00 $2,016.57 $197,846.99
Jan, 2039 191 $824.36 $802.21 $390.00 $2,016.57 $197,044.78
Feb, 2039 192 $821.02 $805.55 $390.00 $2,016.57 $196,239.23
Mar, 2039 193 $817.66 $808.91 $390.00 $2,016.57 $195,430.33
Apr, 2039 194 $814.29 $812.28 $390.00 $2,016.57 $194,618.05
May, 2039 195 $810.91 $815.66 $390.00 $2,016.57 $193,802.39
Jun, 2039 196 $807.51 $819.06 $390.00 $2,016.57 $192,983.33
Jul, 2039 197 $804.10 $822.47 $390.00 $2,016.57 $192,160.86
Aug, 2039 198 $800.67 $825.90 $390.00 $2,016.57 $191,334.96
Sep, 2039 199 $797.23 $829.34 $390.00 $2,016.57 $190,505.62
Oct, 2039 200 $793.77 $832.80 $390.00 $2,016.57 $189,672.82
Nov, 2039 201 $790.30 $836.27 $390.00 $2,016.57 $188,836.55
Dec, 2039 202 $786.82 $839.75 $390.00 $2,016.57 $187,996.80
Jan, 2040 203 $783.32 $843.25 $390.00 $2,016.57 $187,153.55
Feb, 2040 204 $779.81 $846.76 $390.00 $2,016.57 $186,306.79
Mar, 2040 205 $776.28 $850.29 $390.00 $2,016.57 $185,456.50
Apr, 2040 206 $772.74 $853.83 $390.00 $2,016.57 $184,602.67
May, 2040 207 $769.18 $857.39 $390.00 $2,016.57 $183,745.27
Jun, 2040 208 $765.61 $860.96 $390.00 $2,016.57 $182,884.31
Jul, 2040 209 $762.02 $864.55 $390.00 $2,016.57 $182,019.76
Aug, 2040 210 $758.42 $868.15 $390.00 $2,016.57 $181,151.60
Sep, 2040 211 $754.80 $871.77 $390.00 $2,016.57 $180,279.83
Oct, 2040 212 $751.17 $875.40 $390.00 $2,016.57 $179,404.43
Nov, 2040 213 $747.52 $879.05 $390.00 $2,016.57 $178,525.38
Dec, 2040 214 $743.86 $882.71 $390.00 $2,016.57 $177,642.67
Jan, 2041 215 $740.18 $886.39 $390.00 $2,016.57 $176,756.27
Feb, 2041 216 $736.48 $890.09 $390.00 $2,016.57 $175,866.19
Mar, 2041 217 $732.78 $893.79 $390.00 $2,016.57 $174,972.39
Apr, 2041 218 $729.05 $897.52 $390.00 $2,016.57 $174,074.88
May, 2041 219 $725.31 $901.26 $390.00 $2,016.57 $173,173.62
Jun, 2041 220 $721.56 $905.01 $390.00 $2,016.57 $172,268.61
Jul, 2041 221 $717.79 $908.78 $390.00 $2,016.57 $171,359.82
Aug, 2041 222 $714.00 $912.57 $390.00 $2,016.57 $170,447.25
Sep, 2041 223 $710.20 $916.37 $390.00 $2,016.57 $169,530.88
Oct, 2041 224 $706.38 $920.19 $390.00 $2,016.57 $168,610.69
Nov, 2041 225 $702.54 $924.02 $390.00 $2,016.57 $167,686.66
Dec, 2041 226 $698.69 $927.88 $390.00 $2,016.57 $166,758.79
Jan, 2042 227 $694.83 $931.74 $390.00 $2,016.57 $165,827.05
Feb, 2042 228 $690.95 $935.62 $390.00 $2,016.57 $164,891.42
Mar, 2042 229 $687.05 $939.52 $390.00 $2,016.57 $163,951.90
Apr, 2042 230 $683.13 $943.44 $390.00 $2,016.57 $163,008.47
May, 2042 231 $679.20 $947.37 $390.00 $2,016.57 $162,061.10
Jun, 2042 232 $675.25 $951.31 $390.00 $2,016.57 $161,109.78
Jul, 2042 233 $671.29 $955.28 $390.00 $2,016.57 $160,154.50
Aug, 2042 234 $667.31 $959.26 $390.00 $2,016.57 $159,195.25
Sep, 2042 235 $663.31 $963.26 $390.00 $2,016.57 $158,231.99
Oct, 2042 236 $659.30 $967.27 $390.00 $2,016.57 $157,264.72
Nov, 2042 237 $655.27 $971.30 $390.00 $2,016.57 $156,293.42
Dec, 2042 238 $651.22 $975.35 $390.00 $2,016.57 $155,318.07
Jan, 2043 239 $647.16 $979.41 $390.00 $2,016.57 $154,338.66
Feb, 2043 240 $643.08 $983.49 $390.00 $2,016.57 $153,355.17
Mar, 2043 241 $638.98 $987.59 $390.00 $2,016.57 $152,367.58
Apr, 2043 242 $634.86 $991.70 $390.00 $2,016.57 $151,375.88
May, 2043 243 $630.73 $995.84 $390.00 $2,016.57 $150,380.04
Jun, 2043 244 $626.58 $999.99 $390.00 $2,016.57 $149,380.05
Jul, 2043 245 $622.42 $1,004.15 $390.00 $2,016.57 $148,375.90
Aug, 2043 246 $618.23 $1,008.34 $390.00 $2,016.57 $147,367.56
Sep, 2043 247 $614.03 $1,012.54 $390.00 $2,016.57 $146,355.03
Oct, 2043 248 $609.81 $1,016.76 $390.00 $2,016.57 $145,338.27
Nov, 2043 249 $605.58 $1,020.99 $390.00 $2,016.57 $144,317.28
Dec, 2043 250 $601.32 $1,025.25 $390.00 $2,016.57 $143,292.03
Jan, 2044 251 $597.05 $1,029.52 $390.00 $2,016.57 $142,262.51
Feb, 2044 252 $592.76 $1,033.81 $390.00 $2,016.57 $141,228.70
Mar, 2044 253 $588.45 $1,038.12 $390.00 $2,016.57 $140,190.58
Apr, 2044 254 $584.13 $1,042.44 $390.00 $2,016.57 $139,148.14
May, 2044 255 $579.78 $1,046.79 $390.00 $2,016.57 $138,101.36
Jun, 2044 256 $575.42 $1,051.15 $390.00 $2,016.57 $137,050.21
Jul, 2044 257 $571.04 $1,055.53 $390.00 $2,016.57 $135,994.68
Aug, 2044 258 $566.64 $1,059.93 $390.00 $2,016.57 $134,934.76
Sep, 2044 259 $562.23 $1,064.34 $390.00 $2,016.57 $133,870.42
Oct, 2044 260 $557.79 $1,068.78 $390.00 $2,016.57 $132,801.64
Nov, 2044 261 $553.34 $1,073.23 $390.00 $2,016.57 $131,728.41
Dec, 2044 262 $548.87 $1,077.70 $390.00 $2,016.57 $130,650.71
Jan, 2045 263 $544.38 $1,082.19 $390.00 $2,016.57 $129,568.52
Feb, 2045 264 $539.87 $1,086.70 $390.00 $2,016.57 $128,481.82
Mar, 2045 265 $535.34 $1,091.23 $390.00 $2,016.57 $127,390.59
Apr, 2045 266 $530.79 $1,095.78 $390.00 $2,016.57 $126,294.81
May, 2045 267 $526.23 $1,100.34 $390.00 $2,016.57 $125,194.47
Jun, 2045 268 $521.64 $1,104.93 $390.00 $2,016.57 $124,089.55
Jul, 2045 269 $517.04 $1,109.53 $390.00 $2,016.57 $122,980.02
Aug, 2045 270 $512.42 $1,114.15 $390.00 $2,016.57 $121,865.86
Sep, 2045 271 $507.77 $1,118.80 $390.00 $2,016.57 $120,747.07
Oct, 2045 272 $503.11 $1,123.46 $390.00 $2,016.57 $119,623.61
Nov, 2045 273 $498.43 $1,128.14 $390.00 $2,016.57 $118,495.47
Dec, 2045 274 $493.73 $1,132.84 $390.00 $2,016.57 $117,362.63
Jan, 2046 275 $489.01 $1,137.56 $390.00 $2,016.57 $116,225.08
Feb, 2046 276 $484.27 $1,142.30 $390.00 $2,016.57 $115,082.78
Mar, 2046 277 $479.51 $1,147.06 $390.00 $2,016.57 $113,935.72
Apr, 2046 278 $474.73 $1,151.84 $390.00 $2,016.57 $112,783.88
May, 2046 279 $469.93 $1,156.64 $390.00 $2,016.57 $111,627.25
Jun, 2046 280 $465.11 $1,161.46 $390.00 $2,016.57 $110,465.79
Jul, 2046 281 $460.27 $1,166.30 $390.00 $2,016.57 $109,299.49
Aug, 2046 282 $455.41 $1,171.15 $390.00 $2,016.57 $108,128.34
Sep, 2046 283 $450.53 $1,176.03 $390.00 $2,016.57 $106,952.30
Oct, 2046 284 $445.63 $1,180.93 $390.00 $2,016.57 $105,771.37
Nov, 2046 285 $440.71 $1,185.86 $390.00 $2,016.57 $104,585.51
Dec, 2046 286 $435.77 $1,190.80 $390.00 $2,016.57 $103,394.72
Jan, 2047 287 $430.81 $1,195.76 $390.00 $2,016.57 $102,198.96
Feb, 2047 288 $425.83 $1,200.74 $390.00 $2,016.57 $100,998.22
Mar, 2047 289 $420.83 $1,205.74 $390.00 $2,016.57 $99,792.48
Apr, 2047 290 $415.80 $1,210.77 $390.00 $2,016.57 $98,581.71
May, 2047 291 $410.76 $1,215.81 $390.00 $2,016.57 $97,365.90
Jun, 2047 292 $405.69 $1,220.88 $390.00 $2,016.57 $96,145.02
Jul, 2047 293 $400.60 $1,225.97 $390.00 $2,016.57 $94,919.05
Aug, 2047 294 $395.50 $1,231.07 $390.00 $2,016.57 $93,687.98
Sep, 2047 295 $390.37 $1,236.20 $390.00 $2,016.57 $92,451.78
Oct, 2047 296 $385.22 $1,241.35 $390.00 $2,016.57 $91,210.42
Nov, 2047 297 $380.04 $1,246.53 $390.00 $2,016.57 $89,963.90
Dec, 2047 298 $374.85 $1,251.72 $390.00 $2,016.57 $88,712.18
Jan, 2048 299 $369.63 $1,256.94 $390.00 $2,016.57 $87,455.24
Feb, 2048 300 $364.40 $1,262.17 $390.00 $2,016.57 $86,193.07
Mar, 2048 301 $359.14 $1,267.43 $390.00 $2,016.57 $84,925.64
Apr, 2048 302 $353.86 $1,272.71 $390.00 $2,016.57 $83,652.92
May, 2048 303 $348.55 $1,278.02 $390.00 $2,016.57 $82,374.91
Jun, 2048 304 $343.23 $1,283.34 $390.00 $2,016.57 $81,091.57
Jul, 2048 305 $337.88 $1,288.69 $390.00 $2,016.57 $79,802.88
Aug, 2048 306 $332.51 $1,294.06 $390.00 $2,016.57 $78,508.82
Sep, 2048 307 $327.12 $1,299.45 $390.00 $2,016.57 $77,209.37
Oct, 2048 308 $321.71 $1,304.86 $390.00 $2,016.57 $75,904.51
Nov, 2048 309 $316.27 $1,310.30 $390.00 $2,016.57 $74,594.21
Dec, 2048 310 $310.81 $1,315.76 $390.00 $2,016.57 $73,278.45
Jan, 2049 311 $305.33 $1,321.24 $390.00 $2,016.57 $71,957.20
Feb, 2049 312 $299.82 $1,326.75 $390.00 $2,016.57 $70,630.46
Mar, 2049 313 $294.29 $1,332.28 $390.00 $2,016.57 $69,298.18
Apr, 2049 314 $288.74 $1,337.83 $390.00 $2,016.57 $67,960.35
May, 2049 315 $283.17 $1,343.40 $390.00 $2,016.57 $66,616.95
Jun, 2049 316 $277.57 $1,349.00 $390.00 $2,016.57 $65,267.95
Jul, 2049 317 $271.95 $1,354.62 $390.00 $2,016.57 $63,913.33
Aug, 2049 318 $266.31 $1,360.26 $390.00 $2,016.57 $62,553.07
Sep, 2049 319 $260.64 $1,365.93 $390.00 $2,016.57 $61,187.14
Oct, 2049 320 $254.95 $1,371.62 $390.00 $2,016.57 $59,815.51
Nov, 2049 321 $249.23 $1,377.34 $390.00 $2,016.57 $58,438.18
Dec, 2049 322 $243.49 $1,383.08 $390.00 $2,016.57 $57,055.10
Jan, 2050 323 $237.73 $1,388.84 $390.00 $2,016.57 $55,666.26
Feb, 2050 324 $231.94 $1,394.63 $390.00 $2,016.57 $54,271.63
Mar, 2050 325 $226.13 $1,400.44 $390.00 $2,016.57 $52,871.19
Apr, 2050 326 $220.30 $1,406.27 $390.00 $2,016.57 $51,464.92
May, 2050 327 $214.44 $1,412.13 $390.00 $2,016.57 $50,052.79
Jun, 2050 328 $208.55 $1,418.02 $390.00 $2,016.57 $48,634.77
Jul, 2050 329 $202.64 $1,423.92 $390.00 $2,016.57 $47,210.85
Aug, 2050 330 $196.71 $1,429.86 $390.00 $2,016.57 $45,780.99
Sep, 2050 331 $190.75 $1,435.82 $390.00 $2,016.57 $44,345.18
Oct, 2050 332 $184.77 $1,441.80 $390.00 $2,016.57 $42,903.38
Nov, 2050 333 $178.76 $1,447.81 $390.00 $2,016.57 $41,455.57
Dec, 2050 334 $172.73 $1,453.84 $390.00 $2,016.57 $40,001.73
Jan, 2051 335 $166.67 $1,459.90 $390.00 $2,016.57 $38,541.84
Feb, 2051 336 $160.59 $1,465.98 $390.00 $2,016.57 $37,075.86
Mar, 2051 337 $154.48 $1,472.09 $390.00 $2,016.57 $35,603.77
Apr, 2051 338 $148.35 $1,478.22 $390.00 $2,016.57 $34,125.55
May, 2051 339 $142.19 $1,484.38 $390.00 $2,016.57 $32,641.17
Jun, 2051 340 $136.00 $1,490.56 $390.00 $2,016.57 $31,150.61
Jul, 2051 341 $129.79 $1,496.78 $390.00 $2,016.57 $29,653.83
Aug, 2051 342 $123.56 $1,503.01 $390.00 $2,016.57 $28,150.82
Sep, 2051 343 $117.30 $1,509.27 $390.00 $2,016.57 $26,641.55
Oct, 2051 344 $111.01 $1,515.56 $390.00 $2,016.57 $25,125.98
Nov, 2051 345 $104.69 $1,521.88 $390.00 $2,016.57 $23,604.11
Dec, 2051 346 $98.35 $1,528.22 $390.00 $2,016.57 $22,075.89
Jan, 2052 347 $91.98 $1,534.59 $390.00 $2,016.57 $20,541.30
Feb, 2052 348 $85.59 $1,540.98 $390.00 $2,016.57 $19,000.32
Mar, 2052 349 $79.17 $1,547.40 $390.00 $2,016.57 $17,452.92
Apr, 2052 350 $72.72 $1,553.85 $390.00 $2,016.57 $15,899.07
May, 2052 351 $66.25 $1,560.32 $390.00 $2,016.57 $14,338.75
Jun, 2052 352 $59.74 $1,566.82 $390.00 $2,016.57 $12,771.92
Jul, 2052 353 $53.22 $1,573.35 $390.00 $2,016.57 $11,198.57
Aug, 2052 354 $46.66 $1,579.91 $390.00 $2,016.57 $9,618.66
Sep, 2052 355 $40.08 $1,586.49 $390.00 $2,016.57 $8,032.17
Oct, 2052 356 $33.47 $1,593.10 $390.00 $2,016.57 $6,439.07
Nov, 2052 357 $26.83 $1,599.74 $390.00 $2,016.57 $4,839.32
Dec, 2052 358 $20.16 $1,606.41 $390.00 $2,016.57 $3,232.92
Jan, 2053 359 $13.47 $1,613.10 $390.00 $2,016.57 $1,619.82
Feb, 2053 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 Feb, 2053 May, 2048

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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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