Estimate your USDA Loan payment:

Your Estimated
Monthly Payment:
$867

  • Principal & Interest (P&I) $629
  • Taxes & HOA $150
  • Mortgage Insurance $44
  • USDA Annual Fee $44

Loan Totals:

  • Purchase Price $150,000
  • Down Payment $0
  • USDA Funding Fee $1,500
  • Total Loan Amount $151,500

Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.

Annual Fee: The USDA Annual Fee is 0.35% of the loan amount and is paid to the USDA to compensate mortgage lenders should a mortgage go into default. This fee is paid at closing and borrowers typically choose to finance it into the loan. The USDA Annual Fee is lumped into your monthly payment and is paid for the life of the loan.

USDA Funding Fee: The USDA Funding Fee is paid to the USDA to help fund the program. The USDA Funding fee is paid at closing and typically financed into the loan. The USDA Funding Fee is 1.0% of the total loan amount.

Amount Financed Purchase Price (-) Down Payment (+) Upfront MIP

Estimated Monthly Payment:
$867
See Payment Breakdown