USDA Loan Mortgage Calculator
USDA Rural Development Loan
USDA loans help moderate-to-low income borrowers buy homes in eligible rural and suburban areas. They require no down payment and offer below-market interest rates.
= $0
Monthly Payment
$2,528
Loan Amount
$400,000
Total Interest
$510,178
Total Cost
$910,178
Payment Breakdown
Down Payment$0 (0.0%)
Principal$400,000 (43.9%)
Total Interest$510,178 (56.1%)
Min Down Payment
0%
$0 on $400,000
Typical Rate
6.5%
30-year fixed
Monthly Payment
$2,528
0% down on $400,000
Loan Limit
No limit
varies by lender
USDA Loan Requirements
- •Property must be in USDA-eligible rural area
- •Household income below 115% of area median
- •Minimum 640 credit score recommended
- •Must be primary residence
- •Guarantee fee of 1% upfront + 0.35% annual
Pros
- +No down payment required
- +Below-market interest rates
- +Low monthly mortgage insurance
- +Flexible credit requirements
- +Closing costs can be financed or paid by seller
Cons
- −Geographic restrictions (rural/suburban areas only)
- −Income limits apply
- −Guarantee fee required
- −Primary residence only
- −Can take longer to process than conventional
USDA Loan Payments by Home Price
| Home Price | Down (0%) | Loan Amount | Monthly P&I | Total Interest |
|---|---|---|---|---|
| $150,000 | $0 | $150,000 | $948 | $191,317 |
| $200,000 | $0 | $200,000 | $1,264 | $255,089 |
| $250,000 | $0 | $250,000 | $1,580 | $318,861 |
| $300,000 | $0 | $300,000 | $1,896 | $382,633 |
| $350,000 | $0 | $350,000 | $2,212 | $446,406 |
| $400,000 | $0 | $400,000 | $2,528 | $510,178 |
| $450,000 | $0 | $450,000 | $2,844 | $573,950 |
| $500,000 | $0 | $500,000 | $3,160 | $637,722 |
| $600,000 | $0 | $600,000 | $3,792 | $765,267 |
| $700,000 | $0 | $700,000 | $4,424 | $892,811 |
| $750,000 | $0 | $750,000 | $4,741 | $956,584 |
| $800,000 | $0 | $800,000 | $5,057 | $1,020,356 |
| $900,000 | $0 | $900,000 | $5,689 | $1,147,900 |
| $1,000,000 | $0 | $1,000,000 | $6,321 | $1,275,445 |
$400,000 USDA Loan by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $3,268 | $2,271 | $417,616 |
| 6% | $3,375 | $2,398 | $463,353 |
| 6.5% | $3,484 | $2,528 | $510,178 |
| 6.75% | $3,540 | $2,594 | $533,981 |
| 7% | $3,595 | $2,661 | $558,036 |
| 7.25% | $3,651 | $2,729 | $582,334 |
| 7.5% | $3,708 | $2,797 | $606,869 |
| 8% | $3,823 | $2,935 | $656,621 |