USDA Loan Calculator
USDA Loan Payment
Calculate monthly payment for a USDA loan
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Formula
M = P[r(1+r)^n] / [(1+r)^n - 1] + annual fee / 12
Frequently Asked Questions
What is a USDA loan?
A USDA loan is a zero-down-payment mortgage for eligible rural and suburban homebuyers backed by the U.S. Department of Agriculture with competitive rates and low mortgage insurance costs.
What are USDA loan fees?
USDA loans have a 1% upfront guarantee fee (which can be rolled into the loan) and an annual fee of 0.35% of the remaining balance, paid monthly.
Who qualifies for a USDA loan?
You must buy in an eligible rural area, meet income limits (typically 115% of area median income), have a credit score of 640+, and use the home as your primary residence.
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