Calculators · Buying & Financing
USDA Loan Calculator
Estimate a USDA Guaranteed Rural Housing loan with the 1.00% upfront guarantee fee and 0.35% annual fee in effect from October 1, 2026.
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How this calculator works
USDA's Single Family Housing Guaranteed Loan Program allows no down payment for eligible households buying in eligible areas. Some communities around Houston are eligible and many are not; eligibility depends on the property address and on household income limits.
For fiscal year 2027 (from October 1, 2026), USDA set the upfront guarantee fee at 1.00% of the loan and the annual fee at 0.35%, paid monthly. The annual fee is figured on the average scheduled balance each year.
- The upfront fee is added to the loan unless you uncheck that option.
- The annual fee is recalculated each year on that year's average scheduled balance and divided into monthly payments.
- Check property and income eligibility on USDA's eligibility site before relying on a USDA estimate.
Worked example
Example values are illustrative, not quotes or market data. These are the numbers the calculator above starts with.
Inputs
- Loan type
- USDA
- Home price
- $250,000
- Down payment
- $0 (0%)
- Interest rate
- 6.5%
- Loan length
- 30 years
- Property taxes per year
- $5,000
- Homeowners insurance per year
- $2,400
- HOA dues per month
- $0
Results
- Loan type
- USDA
- Home price
- $250,000
- Down payment
- $0 (0.0%)
- Rate / length
- 6.5% / 30 yrs
- Total monthly housing cost
- $2,286
- Principal and interest
- $1,596
- Mortgage insurance (month 1)
- $73
- Loan amount
- $252,500
- Cash to close (down payment only until costs are entered)
- $0
- Total interest
- $322,051
- Balance after 5 years
- $236,368
Common questions
Is my area USDA eligible?
Check the address on USDA Rural Development's eligibility site (eligibility.sc.egov.usda.gov). Eligible areas are mapped and change from time to time.
Are there income limits?
Yes. Household income must be at or below USDA's limit for the county and household size. The lender verifies it.
Does a USDA loan need a down payment?
No down payment is required for eligible borrowers. You still pay closing costs, which the seller can help with.
Related calculators
- Mortgage Payment Calculator
- FHA Loan Calculator
- Buyer Cash to Close Calculator (Buyer Net Sheet)
- All calculators
Estimate only. Actual loan terms, eligibility, insurance, taxes, and settlement charges require verification. These are planning estimates, not a lender Loan Estimate, Closing Disclosure, appraisal, or approval. Michael O'Neal is a real estate broker, not a lender, appraiser, attorney or tax adviser.
Next step
Want a real financing quote? Connect with Home Front Mortgage.
Andrew Fairleigh, Mortgage Loan Originator, Home Front Mortgage, NMLS #1878546. (979) 595-8979 · [email protected]
Rates in these calculators are examples, not Home Front quotes. Your application goes to Home Front's secure site. Do not send financial documents through this website.
Affiliated business arrangement disclosure. This is to give you notice that some agents and owners at Keller Williams Realty Northeast, including Michael O'Neal, have a business relationship with certain providers of services related to your purchase, sale or refinance of real estate, including Home Front Mortgage and Keystone Title & Escrow. Because of this relationship, a referral may provide some owners and agents at Keller Williams Realty Northeast a financial or other benefit. You are NOT required to use either company as a condition for your purchase, your financing or refinance, or any other transaction related to a property. There are frequently other providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services. You will be given the written Affiliated Business Arrangement Disclosure, including estimated charges, to review and sign.