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Estimate your USDA Home Loan

With Austin Capital Mortgage, you can easily estimate your monthly mortgage payments. Put your assumptions on the home you want to buy, and we’ll quickly calculate an estimated monthly payment.

USDA Home Loan Calculator

A USDA loan calculator is a tool that can help you estimate your monthly mortgage payment and other costs associated with a USDA home loan. USDA loans are a type of government-backed mortgage that is designed to help low to moderate-income families buy homes in rural areas.

To use a USDA loan calculator, you will typically need to input some basic information such as the home's purchase price, your down payment amount, and the loan term. The calculator will then estimate your monthly payment, including principal, interest, taxes, and insurance (PITI), as well as any other fees associated with the loan, such as mortgage insurance or guarantee fees.

Using a USDA loan calculator can be helpful in determining how much you can afford to borrow and what your monthly payment will be. It can also help you compare different loan options to find the one that best fits your budget and financial goals. However, keep in mind that the actual cost of your USDA loan will depend on a variety of factors, including your credit score, debt-to-income ratio, and the specific terms of your loan.

Estimate your USDA Loan payment:

    5. 2.957% APR Estimated rate, yours may differ.
    7. USDA Purchase Loan
    8. Property taxes are generally estimated to be 1.8% of the home's value, but may vary based on your location. Your Loan Officer can help you determine property tax rates in your area.
    9. Annual homeowners insurance is typically 0.35% of the home's value but can vary based on insurer.

Your Estimated
Monthly Payment:
 $867

  • Principal & Interest $629
  • Taxes $150
  • 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
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