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: Aug, 2022
Payoff Date: Jul, 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
Aug, 2022 1 $1,262.50 $364.07 $390.00 $2,016.57 $302,635.93
Sep, 2022 2 $1,260.98 $365.59 $390.00 $2,016.57 $302,270.34
Oct, 2022 3 $1,259.46 $367.11 $390.00 $2,016.57 $301,903.23
Nov, 2022 4 $1,257.93 $368.64 $390.00 $2,016.57 $301,534.59
Dec, 2022 5 $1,256.39 $370.18 $390.00 $2,016.57 $301,164.42
Jan, 2023 6 $1,254.85 $371.72 $390.00 $2,016.57 $300,792.70
Feb, 2023 7 $1,253.30 $373.27 $390.00 $2,016.57 $300,419.44
Mar, 2023 8 $1,251.75 $374.82 $390.00 $2,016.57 $300,044.61
Apr, 2023 9 $1,250.19 $376.38 $390.00 $2,016.57 $299,668.23
May, 2023 10 $1,248.62 $377.95 $390.00 $2,016.57 $299,290.28
Jun, 2023 11 $1,247.04 $379.53 $390.00 $2,016.57 $298,910.75
Jul, 2023 12 $1,245.46 $381.11 $390.00 $2,016.57 $298,529.64
Aug, 2023 13 $1,243.87 $382.70 $390.00 $2,016.57 $298,146.95
Sep, 2023 14 $1,242.28 $384.29 $390.00 $2,016.57 $297,762.66
Oct, 2023 15 $1,240.68 $385.89 $390.00 $2,016.57 $297,376.76
Nov, 2023 16 $1,239.07 $387.50 $390.00 $2,016.57 $296,989.26
Dec, 2023 17 $1,237.46 $389.11 $390.00 $2,016.57 $296,600.15
Jan, 2024 18 $1,235.83 $390.74 $390.00 $2,016.57 $296,209.42
Feb, 2024 19 $1,234.21 $392.36 $390.00 $2,016.57 $295,817.05
Mar, 2024 20 $1,232.57 $394.00 $390.00 $2,016.57 $295,423.05
Apr, 2024 21 $1,230.93 $395.64 $390.00 $2,016.57 $295,027.41
May, 2024 22 $1,229.28 $397.29 $390.00 $2,016.57 $294,630.12
Jun, 2024 23 $1,227.63 $398.94 $390.00 $2,016.57 $294,231.18
Jul, 2024 24 $1,225.96 $400.61 $390.00 $2,016.57 $293,830.57
Aug, 2024 25 $1,224.29 $402.28 $390.00 $2,016.57 $293,428.30
Sep, 2024 26 $1,222.62 $403.95 $390.00 $2,016.57 $293,024.35
Oct, 2024 27 $1,220.93 $405.63 $390.00 $2,016.57 $292,618.71
Nov, 2024 28 $1,219.24 $407.32 $390.00 $2,016.57 $292,211.39
Dec, 2024 29 $1,217.55 $409.02 $390.00 $2,016.57 $291,802.37
Jan, 2025 30 $1,215.84 $410.73 $390.00 $2,016.57 $291,391.64
Feb, 2025 31 $1,214.13 $412.44 $390.00 $2,016.57 $290,979.20
Mar, 2025 32 $1,212.41 $414.16 $390.00 $2,016.57 $290,565.05
Apr, 2025 33 $1,210.69 $415.88 $390.00 $2,016.57 $290,149.16
May, 2025 34 $1,208.95 $417.61 $390.00 $2,016.57 $289,731.55
Jun, 2025 35 $1,207.21 $419.35 $390.00 $2,016.57 $289,312.19
Jul, 2025 36 $1,205.47 $421.10 $390.00 $2,016.57 $288,891.09
Aug, 2025 37 $1,203.71 $422.86 $390.00 $2,016.57 $288,468.24
Sep, 2025 38 $1,201.95 $424.62 $390.00 $2,016.57 $288,043.62
Oct, 2025 39 $1,200.18 $426.39 $390.00 $2,016.57 $287,617.23
Nov, 2025 40 $1,198.41 $428.16 $390.00 $2,016.57 $287,189.06
Dec, 2025 41 $1,196.62 $429.95 $390.00 $2,016.57 $286,759.12
Jan, 2026 42 $1,194.83 $431.74 $390.00 $2,016.57 $286,327.38
Feb, 2026 43 $1,193.03 $433.54 $390.00 $2,016.57 $285,893.84
Mar, 2026 44 $1,191.22 $435.35 $390.00 $2,016.57 $285,458.49
Apr, 2026 45 $1,189.41 $437.16 $390.00 $2,016.57 $285,021.33
May, 2026 46 $1,187.59 $438.98 $390.00 $2,016.57 $284,582.35
Jun, 2026 47 $1,185.76 $440.81 $390.00 $2,016.57 $284,141.54
Jul, 2026 48 $1,183.92 $442.65 $390.00 $2,016.57 $283,698.90
Aug, 2026 49 $1,182.08 $444.49 $390.00 $2,016.57 $283,254.41
Sep, 2026 50 $1,180.23 $446.34 $390.00 $2,016.57 $282,808.06
Oct, 2026 51 $1,178.37 $448.20 $390.00 $2,016.57 $282,359.86
Nov, 2026 52 $1,176.50 $450.07 $390.00 $2,016.57 $281,909.79
Dec, 2026 53 $1,174.62 $451.95 $390.00 $2,016.57 $281,457.84
Jan, 2027 54 $1,172.74 $453.83 $390.00 $2,016.57 $281,004.02
Feb, 2027 55 $1,170.85 $455.72 $390.00 $2,016.57 $280,548.30
Mar, 2027 56 $1,168.95 $457.62 $390.00 $2,016.57 $280,090.68
Apr, 2027 57 $1,167.04 $459.53 $390.00 $2,016.57 $279,631.15
May, 2027 58 $1,165.13 $461.44 $390.00 $2,016.57 $279,169.71
Jun, 2027 59 $1,163.21 $463.36 $390.00 $2,016.57 $278,706.35
Jul, 2027 60 $1,161.28 $465.29 $390.00 $2,016.57 $278,241.06
Aug, 2027 61 $1,159.34 $467.23 $390.00 $2,016.57 $277,773.83
Sep, 2027 62 $1,157.39 $469.18 $390.00 $2,016.57 $277,304.65
Oct, 2027 63 $1,155.44 $471.13 $390.00 $2,016.57 $276,833.51
Nov, 2027 64 $1,153.47 $473.10 $390.00 $2,016.57 $276,360.42
Dec, 2027 65 $1,151.50 $475.07 $390.00 $2,016.57 $275,885.35
Jan, 2028 66 $1,149.52 $477.05 $390.00 $2,016.57 $275,408.30
Feb, 2028 67 $1,147.53 $479.03 $390.00 $2,016.57 $274,929.27
Mar, 2028 68 $1,145.54 $481.03 $390.00 $2,016.57 $274,448.24
Apr, 2028 69 $1,143.53 $483.04 $390.00 $2,016.57 $273,965.20
May, 2028 70 $1,141.52 $485.05 $390.00 $2,016.57 $273,480.15
Jun, 2028 71 $1,139.50 $487.07 $390.00 $2,016.57 $272,993.09
Jul, 2028 72 $1,137.47 $489.10 $390.00 $2,016.57 $272,503.99
Aug, 2028 73 $1,135.43 $491.14 $390.00 $2,016.57 $272,012.85
Sep, 2028 74 $1,133.39 $493.18 $390.00 $2,016.57 $271,519.67
Oct, 2028 75 $1,131.33 $495.24 $390.00 $2,016.57 $271,024.43
Nov, 2028 76 $1,129.27 $497.30 $390.00 $2,016.57 $270,527.13
Dec, 2028 77 $1,127.20 $499.37 $390.00 $2,016.57 $270,027.76
Jan, 2029 78 $1,125.12 $501.45 $390.00 $2,016.57 $269,526.30
Feb, 2029 79 $1,123.03 $503.54 $390.00 $2,016.57 $269,022.76
Mar, 2029 80 $1,120.93 $505.64 $390.00 $2,016.57 $268,517.12
Apr, 2029 81 $1,118.82 $507.75 $390.00 $2,016.57 $268,009.37
May, 2029 82 $1,116.71 $509.86 $390.00 $2,016.57 $267,499.51
Jun, 2029 83 $1,114.58 $511.99 $390.00 $2,016.57 $266,987.52
Jul, 2029 84 $1,112.45 $514.12 $390.00 $2,016.57 $266,473.40
Aug, 2029 85 $1,110.31 $516.26 $390.00 $2,016.57 $265,957.13
Sep, 2029 86 $1,108.15 $518.41 $390.00 $2,016.57 $265,438.72
Oct, 2029 87 $1,105.99 $520.57 $390.00 $2,016.57 $264,918.14
Nov, 2029 88 $1,103.83 $522.74 $390.00 $2,016.57 $264,395.40
Dec, 2029 89 $1,101.65 $524.92 $390.00 $2,016.57 $263,870.48
Jan, 2030 90 $1,099.46 $527.11 $390.00 $2,016.57 $263,343.37
Feb, 2030 91 $1,097.26 $529.31 $390.00 $2,016.57 $262,814.06
Mar, 2030 92 $1,095.06 $531.51 $390.00 $2,016.57 $262,282.55
Apr, 2030 93 $1,092.84 $533.73 $390.00 $2,016.57 $261,748.83
May, 2030 94 $1,090.62 $535.95 $390.00 $2,016.57 $261,212.88
Jun, 2030 95 $1,088.39 $538.18 $390.00 $2,016.57 $260,674.69
Jul, 2030 96 $1,086.14 $540.42 $390.00 $2,016.57 $260,134.27
Aug, 2030 97 $1,083.89 $542.68 $390.00 $2,016.57 $259,591.59
Sep, 2030 98 $1,081.63 $544.94 $390.00 $2,016.57 $259,046.65
Oct, 2030 99 $1,079.36 $547.21 $390.00 $2,016.57 $258,499.45
Nov, 2030 100 $1,077.08 $549.49 $390.00 $2,016.57 $257,949.96
Dec, 2030 101 $1,074.79 $551.78 $390.00 $2,016.57 $257,398.18
Jan, 2031 102 $1,072.49 $554.08 $390.00 $2,016.57 $256,844.10
Feb, 2031 103 $1,070.18 $556.39 $390.00 $2,016.57 $256,287.72
Mar, 2031 104 $1,067.87 $558.70 $390.00 $2,016.57 $255,729.01
Apr, 2031 105 $1,065.54 $561.03 $390.00 $2,016.57 $255,167.98
May, 2031 106 $1,063.20 $563.37 $390.00 $2,016.57 $254,604.61
Jun, 2031 107 $1,060.85 $565.72 $390.00 $2,016.57 $254,038.89
Jul, 2031 108 $1,058.50 $568.07 $390.00 $2,016.57 $253,470.82
Aug, 2031 109 $1,056.13 $570.44 $390.00 $2,016.57 $252,900.38
Sep, 2031 110 $1,053.75 $572.82 $390.00 $2,016.57 $252,327.56
Oct, 2031 111 $1,051.36 $575.20 $390.00 $2,016.57 $251,752.36
Nov, 2031 112 $1,048.97 $577.60 $390.00 $2,016.57 $251,174.75
Dec, 2031 113 $1,046.56 $580.01 $390.00 $2,016.57 $250,594.75
Jan, 2032 114 $1,044.14 $582.42 $390.00 $2,016.57 $250,012.32
Feb, 2032 115 $1,041.72 $584.85 $390.00 $2,016.57 $249,427.47
Mar, 2032 116 $1,039.28 $587.29 $390.00 $2,016.57 $248,840.18
Apr, 2032 117 $1,036.83 $589.74 $390.00 $2,016.57 $248,250.45
May, 2032 118 $1,034.38 $592.19 $390.00 $2,016.57 $247,658.25
Jun, 2032 119 $1,031.91 $594.66 $390.00 $2,016.57 $247,063.59
Jul, 2032 120 $1,029.43 $597.14 $390.00 $2,016.57 $246,466.46
Aug, 2032 121 $1,026.94 $599.63 $390.00 $2,016.57 $245,866.83
Sep, 2032 122 $1,024.45 $602.12 $390.00 $2,016.57 $245,264.71
Oct, 2032 123 $1,021.94 $604.63 $390.00 $2,016.57 $244,660.07
Nov, 2032 124 $1,019.42 $607.15 $390.00 $2,016.57 $244,052.92
Dec, 2032 125 $1,016.89 $609.68 $390.00 $2,016.57 $243,443.24
Jan, 2033 126 $1,014.35 $612.22 $390.00 $2,016.57 $242,831.01
Feb, 2033 127 $1,011.80 $614.77 $390.00 $2,016.57 $242,216.24
Mar, 2033 128 $1,009.23 $617.34 $390.00 $2,016.57 $241,598.91
Apr, 2033 129 $1,006.66 $619.91 $390.00 $2,016.57 $240,979.00
May, 2033 130 $1,004.08 $622.49 $390.00 $2,016.57 $240,356.51
Jun, 2033 131 $1,001.49 $625.08 $390.00 $2,016.57 $239,731.42
Jul, 2033 132 $998.88 $627.69 $390.00 $2,016.57 $239,103.73
Aug, 2033 133 $996.27 $630.30 $390.00 $2,016.57 $238,473.43
Sep, 2033 134 $993.64 $632.93 $390.00 $2,016.57 $237,840.50
Oct, 2033 135 $991.00 $635.57 $390.00 $2,016.57 $237,204.93
Nov, 2033 136 $988.35 $638.22 $390.00 $2,016.57 $236,566.72
Dec, 2033 137 $985.69 $640.87 $390.00 $2,016.57 $235,925.84
Jan, 2034 138 $983.02 $643.55 $390.00 $2,016.57 $235,282.30
Feb, 2034 139 $980.34 $646.23 $390.00 $2,016.57 $234,636.07
Mar, 2034 140 $977.65 $648.92 $390.00 $2,016.57 $233,987.15
Apr, 2034 141 $974.95 $651.62 $390.00 $2,016.57 $233,335.53
May, 2034 142 $972.23 $654.34 $390.00 $2,016.57 $232,681.19
Jun, 2034 143 $969.50 $657.06 $390.00 $2,016.57 $232,024.13
Jul, 2034 144 $966.77 $659.80 $390.00 $2,016.57 $231,364.32
Aug, 2034 145 $964.02 $662.55 $390.00 $2,016.57 $230,701.77
Sep, 2034 146 $961.26 $665.31 $390.00 $2,016.57 $230,036.46
Oct, 2034 147 $958.49 $668.08 $390.00 $2,016.57 $229,368.38
Nov, 2034 148 $955.70 $670.87 $390.00 $2,016.57 $228,697.51
Dec, 2034 149 $952.91 $673.66 $390.00 $2,016.57 $228,023.84
Jan, 2035 150 $950.10 $676.47 $390.00 $2,016.57 $227,347.37
Feb, 2035 151 $947.28 $679.29 $390.00 $2,016.57 $226,668.09
Mar, 2035 152 $944.45 $682.12 $390.00 $2,016.57 $225,985.97
Apr, 2035 153 $941.61 $684.96 $390.00 $2,016.57 $225,301.01
May, 2035 154 $938.75 $687.82 $390.00 $2,016.57 $224,613.19
Jun, 2035 155 $935.89 $690.68 $390.00 $2,016.57 $223,922.51
Jul, 2035 156 $933.01 $693.56 $390.00 $2,016.57 $223,228.95
Aug, 2035 157 $930.12 $696.45 $390.00 $2,016.57 $222,532.50
Sep, 2035 158 $927.22 $699.35 $390.00 $2,016.57 $221,833.15
Oct, 2035 159 $924.30 $702.26 $390.00 $2,016.57 $221,130.89
Nov, 2035 160 $921.38 $705.19 $390.00 $2,016.57 $220,425.69
Dec, 2035 161 $918.44 $708.13 $390.00 $2,016.57 $219,717.57
Jan, 2036 162 $915.49 $711.08 $390.00 $2,016.57 $219,006.49
Feb, 2036 163 $912.53 $714.04 $390.00 $2,016.57 $218,292.44
Mar, 2036 164 $909.55 $717.02 $390.00 $2,016.57 $217,575.43
Apr, 2036 165 $906.56 $720.01 $390.00 $2,016.57 $216,855.42
May, 2036 166 $903.56 $723.01 $390.00 $2,016.57 $216,132.41
Jun, 2036 167 $900.55 $726.02 $390.00 $2,016.57 $215,406.40
Jul, 2036 168 $897.53 $729.04 $390.00 $2,016.57 $214,677.35
Aug, 2036 169 $894.49 $732.08 $390.00 $2,016.57 $213,945.27
Sep, 2036 170 $891.44 $735.13 $390.00 $2,016.57 $213,210.14
Oct, 2036 171 $888.38 $738.19 $390.00 $2,016.57 $212,471.95
Nov, 2036 172 $885.30 $741.27 $390.00 $2,016.57 $211,730.68
Dec, 2036 173 $882.21 $744.36 $390.00 $2,016.57 $210,986.32
Jan, 2037 174 $879.11 $747.46 $390.00 $2,016.57 $210,238.86
Feb, 2037 175 $876.00 $750.57 $390.00 $2,016.57 $209,488.29
Mar, 2037 176 $872.87 $753.70 $390.00 $2,016.57 $208,734.59
Apr, 2037 177 $869.73 $756.84 $390.00 $2,016.57 $207,977.74
May, 2037 178 $866.57 $760.00 $390.00 $2,016.57 $207,217.75
Jun, 2037 179 $863.41 $763.16 $390.00 $2,016.57 $206,454.59
Jul, 2037 180 $860.23 $766.34 $390.00 $2,016.57 $205,688.24
Aug, 2037 181 $857.03 $769.54 $390.00 $2,016.57 $204,918.71
Sep, 2037 182 $853.83 $772.74 $390.00 $2,016.57 $204,145.97
Oct, 2037 183 $850.61 $775.96 $390.00 $2,016.57 $203,370.01
Nov, 2037 184 $847.38 $779.19 $390.00 $2,016.57 $202,590.81
Dec, 2037 185 $844.13 $782.44 $390.00 $2,016.57 $201,808.37
Jan, 2038 186 $840.87 $785.70 $390.00 $2,016.57 $201,022.67
Feb, 2038 187 $837.59 $788.98 $390.00 $2,016.57 $200,233.69
Mar, 2038 188 $834.31 $792.26 $390.00 $2,016.57 $199,441.43
Apr, 2038 189 $831.01 $795.56 $390.00 $2,016.57 $198,645.87
May, 2038 190 $827.69 $798.88 $390.00 $2,016.57 $197,846.99
Jun, 2038 191 $824.36 $802.21 $390.00 $2,016.57 $197,044.78
Jul, 2038 192 $821.02 $805.55 $390.00 $2,016.57 $196,239.23
Aug, 2038 193 $817.66 $808.91 $390.00 $2,016.57 $195,430.33
Sep, 2038 194 $814.29 $812.28 $390.00 $2,016.57 $194,618.05
Oct, 2038 195 $810.91 $815.66 $390.00 $2,016.57 $193,802.39
Nov, 2038 196 $807.51 $819.06 $390.00 $2,016.57 $192,983.33
Dec, 2038 197 $804.10 $822.47 $390.00 $2,016.57 $192,160.86
Jan, 2039 198 $800.67 $825.90 $390.00 $2,016.57 $191,334.96
Feb, 2039 199 $797.23 $829.34 $390.00 $2,016.57 $190,505.62
Mar, 2039 200 $793.77 $832.80 $390.00 $2,016.57 $189,672.82
Apr, 2039 201 $790.30 $836.27 $390.00 $2,016.57 $188,836.55
May, 2039 202 $786.82 $839.75 $390.00 $2,016.57 $187,996.80
Jun, 2039 203 $783.32 $843.25 $390.00 $2,016.57 $187,153.55
Jul, 2039 204 $779.81 $846.76 $390.00 $2,016.57 $186,306.79
Aug, 2039 205 $776.28 $850.29 $390.00 $2,016.57 $185,456.50
Sep, 2039 206 $772.74 $853.83 $390.00 $2,016.57 $184,602.67
Oct, 2039 207 $769.18 $857.39 $390.00 $2,016.57 $183,745.27
Nov, 2039 208 $765.61 $860.96 $390.00 $2,016.57 $182,884.31
Dec, 2039 209 $762.02 $864.55 $390.00 $2,016.57 $182,019.76
Jan, 2040 210 $758.42 $868.15 $390.00 $2,016.57 $181,151.60
Feb, 2040 211 $754.80 $871.77 $390.00 $2,016.57 $180,279.83
Mar, 2040 212 $751.17 $875.40 $390.00 $2,016.57 $179,404.43
Apr, 2040 213 $747.52 $879.05 $390.00 $2,016.57 $178,525.38
May, 2040 214 $743.86 $882.71 $390.00 $2,016.57 $177,642.67
Jun, 2040 215 $740.18 $886.39 $390.00 $2,016.57 $176,756.27
Jul, 2040 216 $736.48 $890.09 $390.00 $2,016.57 $175,866.19
Aug, 2040 217 $732.78 $893.79 $390.00 $2,016.57 $174,972.39
Sep, 2040 218 $729.05 $897.52 $390.00 $2,016.57 $174,074.88
Oct, 2040 219 $725.31 $901.26 $390.00 $2,016.57 $173,173.62
Nov, 2040 220 $721.56 $905.01 $390.00 $2,016.57 $172,268.61
Dec, 2040 221 $717.79 $908.78 $390.00 $2,016.57 $171,359.82
Jan, 2041 222 $714.00 $912.57 $390.00 $2,016.57 $170,447.25
Feb, 2041 223 $710.20 $916.37 $390.00 $2,016.57 $169,530.88
Mar, 2041 224 $706.38 $920.19 $390.00 $2,016.57 $168,610.69
Apr, 2041 225 $702.54 $924.02 $390.00 $2,016.57 $167,686.66
May, 2041 226 $698.69 $927.88 $390.00 $2,016.57 $166,758.79
Jun, 2041 227 $694.83 $931.74 $390.00 $2,016.57 $165,827.05
Jul, 2041 228 $690.95 $935.62 $390.00 $2,016.57 $164,891.42
Aug, 2041 229 $687.05 $939.52 $390.00 $2,016.57 $163,951.90
Sep, 2041 230 $683.13 $943.44 $390.00 $2,016.57 $163,008.47
Oct, 2041 231 $679.20 $947.37 $390.00 $2,016.57 $162,061.10
Nov, 2041 232 $675.25 $951.31 $390.00 $2,016.57 $161,109.78
Dec, 2041 233 $671.29 $955.28 $390.00 $2,016.57 $160,154.50
Jan, 2042 234 $667.31 $959.26 $390.00 $2,016.57 $159,195.25
Feb, 2042 235 $663.31 $963.26 $390.00 $2,016.57 $158,231.99
Mar, 2042 236 $659.30 $967.27 $390.00 $2,016.57 $157,264.72
Apr, 2042 237 $655.27 $971.30 $390.00 $2,016.57 $156,293.42
May, 2042 238 $651.22 $975.35 $390.00 $2,016.57 $155,318.07
Jun, 2042 239 $647.16 $979.41 $390.00 $2,016.57 $154,338.66
Jul, 2042 240 $643.08 $983.49 $390.00 $2,016.57 $153,355.17
Aug, 2042 241 $638.98 $987.59 $390.00 $2,016.57 $152,367.58
Sep, 2042 242 $634.86 $991.70 $390.00 $2,016.57 $151,375.88
Oct, 2042 243 $630.73 $995.84 $390.00 $2,016.57 $150,380.04
Nov, 2042 244 $626.58 $999.99 $390.00 $2,016.57 $149,380.05
Dec, 2042 245 $622.42 $1,004.15 $390.00 $2,016.57 $148,375.90
Jan, 2043 246 $618.23 $1,008.34 $390.00 $2,016.57 $147,367.56
Feb, 2043 247 $614.03 $1,012.54 $390.00 $2,016.57 $146,355.03
Mar, 2043 248 $609.81 $1,016.76 $390.00 $2,016.57 $145,338.27
Apr, 2043 249 $605.58 $1,020.99 $390.00 $2,016.57 $144,317.28
May, 2043 250 $601.32 $1,025.25 $390.00 $2,016.57 $143,292.03
Jun, 2043 251 $597.05 $1,029.52 $390.00 $2,016.57 $142,262.51
Jul, 2043 252 $592.76 $1,033.81 $390.00 $2,016.57 $141,228.70
Aug, 2043 253 $588.45 $1,038.12 $390.00 $2,016.57 $140,190.58
Sep, 2043 254 $584.13 $1,042.44 $390.00 $2,016.57 $139,148.14
Oct, 2043 255 $579.78 $1,046.79 $390.00 $2,016.57 $138,101.36
Nov, 2043 256 $575.42 $1,051.15 $390.00 $2,016.57 $137,050.21
Dec, 2043 257 $571.04 $1,055.53 $390.00 $2,016.57 $135,994.68
Jan, 2044 258 $566.64 $1,059.93 $390.00 $2,016.57 $134,934.76
Feb, 2044 259 $562.23 $1,064.34 $390.00 $2,016.57 $133,870.42
Mar, 2044 260 $557.79 $1,068.78 $390.00 $2,016.57 $132,801.64
Apr, 2044 261 $553.34 $1,073.23 $390.00 $2,016.57 $131,728.41
May, 2044 262 $548.87 $1,077.70 $390.00 $2,016.57 $130,650.71
Jun, 2044 263 $544.38 $1,082.19 $390.00 $2,016.57 $129,568.52
Jul, 2044 264 $539.87 $1,086.70 $390.00 $2,016.57 $128,481.82
Aug, 2044 265 $535.34 $1,091.23 $390.00 $2,016.57 $127,390.59
Sep, 2044 266 $530.79 $1,095.78 $390.00 $2,016.57 $126,294.81
Oct, 2044 267 $526.23 $1,100.34 $390.00 $2,016.57 $125,194.47
Nov, 2044 268 $521.64 $1,104.93 $390.00 $2,016.57 $124,089.55
Dec, 2044 269 $517.04 $1,109.53 $390.00 $2,016.57 $122,980.02
Jan, 2045 270 $512.42 $1,114.15 $390.00 $2,016.57 $121,865.86
Feb, 2045 271 $507.77 $1,118.80 $390.00 $2,016.57 $120,747.07
Mar, 2045 272 $503.11 $1,123.46 $390.00 $2,016.57 $119,623.61
Apr, 2045 273 $498.43 $1,128.14 $390.00 $2,016.57 $118,495.47
May, 2045 274 $493.73 $1,132.84 $390.00 $2,016.57 $117,362.63
Jun, 2045 275 $489.01 $1,137.56 $390.00 $2,016.57 $116,225.08
Jul, 2045 276 $484.27 $1,142.30 $390.00 $2,016.57 $115,082.78
Aug, 2045 277 $479.51 $1,147.06 $390.00 $2,016.57 $113,935.72
Sep, 2045 278 $474.73 $1,151.84 $390.00 $2,016.57 $112,783.88
Oct, 2045 279 $469.93 $1,156.64 $390.00 $2,016.57 $111,627.25
Nov, 2045 280 $465.11 $1,161.46 $390.00 $2,016.57 $110,465.79
Dec, 2045 281 $460.27 $1,166.30 $390.00 $2,016.57 $109,299.49
Jan, 2046 282 $455.41 $1,171.15 $390.00 $2,016.57 $108,128.34
Feb, 2046 283 $450.53 $1,176.03 $390.00 $2,016.57 $106,952.30
Mar, 2046 284 $445.63 $1,180.93 $390.00 $2,016.57 $105,771.37
Apr, 2046 285 $440.71 $1,185.86 $390.00 $2,016.57 $104,585.51
May, 2046 286 $435.77 $1,190.80 $390.00 $2,016.57 $103,394.72
Jun, 2046 287 $430.81 $1,195.76 $390.00 $2,016.57 $102,198.96
Jul, 2046 288 $425.83 $1,200.74 $390.00 $2,016.57 $100,998.22
Aug, 2046 289 $420.83 $1,205.74 $390.00 $2,016.57 $99,792.48
Sep, 2046 290 $415.80 $1,210.77 $390.00 $2,016.57 $98,581.71
Oct, 2046 291 $410.76 $1,215.81 $390.00 $2,016.57 $97,365.90
Nov, 2046 292 $405.69 $1,220.88 $390.00 $2,016.57 $96,145.02
Dec, 2046 293 $400.60 $1,225.97 $390.00 $2,016.57 $94,919.05
Jan, 2047 294 $395.50 $1,231.07 $390.00 $2,016.57 $93,687.98
Feb, 2047 295 $390.37 $1,236.20 $390.00 $2,016.57 $92,451.78
Mar, 2047 296 $385.22 $1,241.35 $390.00 $2,016.57 $91,210.42
Apr, 2047 297 $380.04 $1,246.53 $390.00 $2,016.57 $89,963.90
May, 2047 298 $374.85 $1,251.72 $390.00 $2,016.57 $88,712.18
Jun, 2047 299 $369.63 $1,256.94 $390.00 $2,016.57 $87,455.24
Jul, 2047 300 $364.40 $1,262.17 $390.00 $2,016.57 $86,193.07
Aug, 2047 301 $359.14 $1,267.43 $390.00 $2,016.57 $84,925.64
Sep, 2047 302 $353.86 $1,272.71 $390.00 $2,016.57 $83,652.92
Oct, 2047 303 $348.55 $1,278.02 $390.00 $2,016.57 $82,374.91
Nov, 2047 304 $343.23 $1,283.34 $390.00 $2,016.57 $81,091.57
Dec, 2047 305 $337.88 $1,288.69 $390.00 $2,016.57 $79,802.88
Jan, 2048 306 $332.51 $1,294.06 $390.00 $2,016.57 $78,508.82
Feb, 2048 307 $327.12 $1,299.45 $390.00 $2,016.57 $77,209.37
Mar, 2048 308 $321.71 $1,304.86 $390.00 $2,016.57 $75,904.51
Apr, 2048 309 $316.27 $1,310.30 $390.00 $2,016.57 $74,594.21
May, 2048 310 $310.81 $1,315.76 $390.00 $2,016.57 $73,278.45
Jun, 2048 311 $305.33 $1,321.24 $390.00 $2,016.57 $71,957.20
Jul, 2048 312 $299.82 $1,326.75 $390.00 $2,016.57 $70,630.46
Aug, 2048 313 $294.29 $1,332.28 $390.00 $2,016.57 $69,298.18
Sep, 2048 314 $288.74 $1,337.83 $390.00 $2,016.57 $67,960.35
Oct, 2048 315 $283.17 $1,343.40 $390.00 $2,016.57 $66,616.95
Nov, 2048 316 $277.57 $1,349.00 $390.00 $2,016.57 $65,267.95
Dec, 2048 317 $271.95 $1,354.62 $390.00 $2,016.57 $63,913.33
Jan, 2049 318 $266.31 $1,360.26 $390.00 $2,016.57 $62,553.07
Feb, 2049 319 $260.64 $1,365.93 $390.00 $2,016.57 $61,187.14
Mar, 2049 320 $254.95 $1,371.62 $390.00 $2,016.57 $59,815.51
Apr, 2049 321 $249.23 $1,377.34 $390.00 $2,016.57 $58,438.18
May, 2049 322 $243.49 $1,383.08 $390.00 $2,016.57 $57,055.10
Jun, 2049 323 $237.73 $1,388.84 $390.00 $2,016.57 $55,666.26
Jul, 2049 324 $231.94 $1,394.63 $390.00 $2,016.57 $54,271.63
Aug, 2049 325 $226.13 $1,400.44 $390.00 $2,016.57 $52,871.19
Sep, 2049 326 $220.30 $1,406.27 $390.00 $2,016.57 $51,464.92
Oct, 2049 327 $214.44 $1,412.13 $390.00 $2,016.57 $50,052.79
Nov, 2049 328 $208.55 $1,418.02 $390.00 $2,016.57 $48,634.77
Dec, 2049 329 $202.64 $1,423.92 $390.00 $2,016.57 $47,210.85
Jan, 2050 330 $196.71 $1,429.86 $390.00 $2,016.57 $45,780.99
Feb, 2050 331 $190.75 $1,435.82 $390.00 $2,016.57 $44,345.18
Mar, 2050 332 $184.77 $1,441.80 $390.00 $2,016.57 $42,903.38
Apr, 2050 333 $178.76 $1,447.81 $390.00 $2,016.57 $41,455.57
May, 2050 334 $172.73 $1,453.84 $390.00 $2,016.57 $40,001.73
Jun, 2050 335 $166.67 $1,459.90 $390.00 $2,016.57 $38,541.84
Jul, 2050 336 $160.59 $1,465.98 $390.00 $2,016.57 $37,075.86
Aug, 2050 337 $154.48 $1,472.09 $390.00 $2,016.57 $35,603.77
Sep, 2050 338 $148.35 $1,478.22 $390.00 $2,016.57 $34,125.55
Oct, 2050 339 $142.19 $1,484.38 $390.00 $2,016.57 $32,641.17
Nov, 2050 340 $136.00 $1,490.56 $390.00 $2,016.57 $31,150.61
Dec, 2050 341 $129.79 $1,496.78 $390.00 $2,016.57 $29,653.83
Jan, 2051 342 $123.56 $1,503.01 $390.00 $2,016.57 $28,150.82
Feb, 2051 343 $117.30 $1,509.27 $390.00 $2,016.57 $26,641.55
Mar, 2051 344 $111.01 $1,515.56 $390.00 $2,016.57 $25,125.98
Apr, 2051 345 $104.69 $1,521.88 $390.00 $2,016.57 $23,604.11
May, 2051 346 $98.35 $1,528.22 $390.00 $2,016.57 $22,075.89
Jun, 2051 347 $91.98 $1,534.59 $390.00 $2,016.57 $20,541.30
Jul, 2051 348 $85.59 $1,540.98 $390.00 $2,016.57 $19,000.32
Aug, 2051 349 $79.17 $1,547.40 $390.00 $2,016.57 $17,452.92
Sep, 2051 350 $72.72 $1,553.85 $390.00 $2,016.57 $15,899.07
Oct, 2051 351 $66.25 $1,560.32 $390.00 $2,016.57 $14,338.75
Nov, 2051 352 $59.74 $1,566.82 $390.00 $2,016.57 $12,771.92
Dec, 2051 353 $53.22 $1,573.35 $390.00 $2,016.57 $11,198.57
Jan, 2052 354 $46.66 $1,579.91 $390.00 $2,016.57 $9,618.66
Feb, 2052 355 $40.08 $1,586.49 $390.00 $2,016.57 $8,032.17
Mar, 2052 356 $33.47 $1,593.10 $390.00 $2,016.57 $6,439.07
Apr, 2052 357 $26.83 $1,599.74 $390.00 $2,016.57 $4,839.32
May, 2052 358 $20.16 $1,606.41 $390.00 $2,016.57 $3,232.92
Jun, 2052 359 $13.47 $1,613.10 $390.00 $2,016.57 $1,619.82
Jul, 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 $117,720.00
Total Payment $725,965.03 $651,278.20
Total Savings $0 $74,686.82
Payoff Date Jul, 2052 Oct, 2047

Share My Mortgage Calculation



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.




Mortgage Calculators

FHA Loan Calculator
VA Loan Calculator
USDA Loan Mortgage Calculator
Simple Mortgage Calculator
PITI Mortgage Calculator
ARM Mortgage Calculator
Interest Only Mortgage Calculator
Balloon Mortgage Calculator
Mortgage Points Calculator
Second Mortgage Calculator

Refinance Calculators

Mortgage Refinance Calculator
Cash Out Refinance Calculator
Refinance Break Even Calculator
Refinancing Closing Costs Calculator
Mortgage Recast Calculator

Early Mortgage Payoff Calculators

Early Mortgage Payoff Calculator
Biweekly Mortgage Calculator with Extra Payments
Mortgage Calculator With Extra Payments
Mortgage Prepayment Calculator
Mortgage Payoff Calculator

Real Estate Investment Calculators

Commercial Mortgage Calculator
Mortgage Comparison Calculator
15 Year vs. 30 Year Mortgage Calculator
Investment Property Calculator
Home Improvement Loan Calculator
Home Sale Net Proceeds Calculator
Closing Costs Calculator
Construction Loan Calculator
Home Appreciation Calculator
Real Estate Commission Calculator
Commercial Real Estate Commission Calculator
BRRRR Calculator
Hard Money Loan Calculator
70% Rule Calculator
Fix and Flip Calculator
Interest Rate Calculator
Home Sale Calculator
Real Estate Capital Gain Tax Calculator

Mortgage Related Calculators

Mortgage Interest Tax Deduction Calculator
APR Calculator
Property Tax Calculator
Down Payment Calculator
Mortgage Affordability Calculator
Mortgage Balance Calculator
Mortgage Points Break Even Calculator
Jumbo Mortgage Calculator
Mortgage Calculator App
Monthly Mortgage Payment Calculator
Reverse Mortgage Calculator
How Much House Can I Afford
HELOC Calculator
HELOC Payment Calculator
PMI Removal Calculator
Home Equity Loan Calculator
Home Equity Loan Payoff Calculator
Mortgage Insurance Calculator
Amortization Schedule With Irregular Payments
15 Year Mortgage Calculator
30 Year Mortgage Calculator
Condo Mortgage Calculator
Coop Mortgage Calculator
Weekly Mortgage Calculator
Mortgage Calculator Canada
Mortgage Calculator UK
Mortgage Calculator By State
Refinance Savings Calculator

Auto Loan Calculators

Car Loan Amortization Schedule Excel
Auto Loan Payoff Calculator
Auto Loan Calculator with Trade in
Auto Refinance Calculator
Biweekly Auto Loan Calculator
RV Loan Calculator
Motorcycle Loan Calculator
Car Lease Calculator
Car Depreciation Calculator
LTV Calculator Auto
Reverse Auto Loan Calculator
How Much Car Can I Afford

Loan Calculators

Printable Amortization Schedule
Amortization Schedule Excel
Amortization Schedule With Extra Payments
LTV Calculator
Debt To Income Ratio Calculator
Debt Payoff Calculator
How Much Rent Can I Afford
Boat Loan Calculator
Student Loan Calculator
Student Loan Payoff Calculator
Student Loan Refinancing Calculator
Personal Loan Calculator
Personal Loan Payoff Calculator
Personal Loan Refinance Calculator
Land Loan Calculator
Loan Payoff Calculator
Loan Calculator Excel
Reverse Loan Calculator
Lump Sum Payment Calculator
Biweekly Loan Calculator
Loan Calculator With Extra Payments

Savings & Investments Calculators

Compound Interest Calculator
Airbnb Calculator

Credit Card Calculators

Credit Card Calculator
Credit Card Payoff Calculator
Credit Card Minimum Payment Calculator
Credit Card Interest Calculator
Multiple Credit Card Payoff Calculator

Mortgage Guide

How to Pay Off Mortgage Earlier
How to Improve Credit Score
What Percent Do Real Estate Agents Make

Mortgage Calculator Widget

Free Mortgage Calculator Widget

Mortgage Calculator | Terms | Privacy | Disclaimer | Contact

©2022 Mortgage Calculator Excel