USDA mortgage calculator 2026
USDA home loans under the Single Family Housing Guaranteed Loan Program are administered by USDA Rural Development through the Rural Housing Service. This calculator estimates principal-and-interest payments and generates an amortization schedule for a USDA-guaranteed loan scenario. It does not determine eligibility, approval, guarantee fees, or underwriting outcomes.
Estimates only. Loan terms and approval depend on lender underwriting.
USDA Mortgage Calculator
Mortgage Result
Enter loan details to calculate.
How it works
This estimator applies standard amortization math to a loan amount, interest rate, and term to produce a level principal-and-interest payment and a month-by-month repayment schedule. Under the USDA Single Family Housing Guaranteed Loan Program, USDA provides a loan note guarantee to approved lenders, while the lender originates and underwrites the loan. The guarantee structure does not change the amortization formula used for this estimate.
Examples
Example: A household evaluating a USDA-backed mortgage enters a loan amount, interest rate, and repayment term to estimate monthly principal-and-interest payments. The calculator illustrates how the payment remains stable across the term while the balance gradually declines as principal is repaid.
Limitations and important notes
This calculator estimates principal and interest only. It does not include USDA guarantee fees (upfront or annual), closing costs, property taxes, homeowners insurance, or escrowed items. Program eligibility, rural area requirements, and lender underwriting standards are evaluated separately by approved lenders and the relevant agency guidance.
FAQs
Is a USDA mortgage issued directly by the government?
USDA does not typically originate these loans directly. Under the Single Family Housing Guaranteed Loan Program, USDA provides a loan note guarantee to approved lenders, and the lender originates and underwrites the mortgage.
Does this USDA mortgage calculator include USDA guarantee fees?
No. The estimate covers principal and interest only. USDA’s guaranteed loan program includes an upfront and an annual guarantee-related fee, which are not calculated by this tool.
Do USDA loans allow zero down payment?
The Single Family Housing Guaranteed Loan Program allows 100% financing for eligible borrowers in qualifying rural areas, meaning no down payment is required for those who meet program criteria.
Does using this calculator mean I’m approved for a USDA loan?
No. This calculator does not assess eligibility, income limits, property location requirements, or underwriting. USDA relies on approved lenders to originate and underwrite loans in accordance with program standards.
Calculations are simplified and for guidance only. Always double-check results and current rules with official sources or a qualified professional before making financial decisions.