Plan with clarity
Estimate a USDA guaranteed purchase mortgage with upfront and annual fees, taxes and insurance. Compare financing the upfront fee with paying it at closing.
Starting values are examples, not current rates or lending terms.
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Understand the numbers
Change an assumption above to see what moves the result. Save a scenario to compare it with your next calculation.
Put the estimate to work
This calculator models a 30-year fixed-rate USDA Section 502 guaranteed purchase mortgage. It uses the FY 2026 fee schedule: 1% upfront and 0.35% annually. The interest rate is your assumption, not a quote. USDA Direct loans are a different program and are outside this model. Confirm which fee schedule applies to the date of the USDA Conditional Commitment.
Financing the entire fee increases the balance on which the upfront fee is calculated, so the base loan is divided by 0.99. Paying the fee separately keeps the mortgage at the base amount and adds the charge to the closing budget. The annual fee estimate uses scheduled balances and remains separate from property insurance. The year-by-year table shows its effect on the payment.
A payment estimate does not confirm USDA eligibility. Check the exact address on USDA’s official eligibility site, then review household income and repayment income separately. Include realistic Florida insurance, property taxes and association expenses. No required down payment does not mean there are no closing costs; this model keeps those costs separate from the mortgage.
With the entire 1% upfront fee financed: total mortgage = base loan ÷ 0.99. Upfront fee = total mortgage × 1%. Estimated annual fee = average scheduled balance for the loan year × 0.35%.
A simple example. A $100,000 base loan becomes approximately $101,010.10 when the full 1% upfront fee is financed. Paying the fee separately leaves a $100,000 mortgage and a $1,000 upfront fee at closing.
Sources: USDA: FY 2026 Conditional Commitment and fee notice · USDA handbook: upfront and annual fee calculations · USDA: annual-fee calculation methodology · USDA: property and income eligibility tools. Calculation model reviewed September 8, 2026. Examples are hypothetical.
Common questions
Use the estimate to prepare your questions, then review the property, documentation and financing terms with a mortgage broker.
Schedule a consultationYes. It includes your annual tax and property-insurance estimates, monthly association dues and USDA annual fee in the displayed total. These property costs are held constant and can change in practice.
No. USDA guaranteed loans use a program annual fee. This model keeps it for the life of the scheduled loan while it remains outstanding; it does not apply a conventional-PMI cancellation threshold.
No. Use the official USDA eligibility tools for the exact property address and household-income review. The lender separately evaluates repayment income, credit, debt and property requirements.
It uses FY 2026, October 1, 2025 through September 30, 2026: 1% upfront and 0.35% annual fee. Verify the fee schedule that applies to your Conditional Commitment, particularly for a later fiscal year. Fees are not a live rate feed.
Explore USDA loans in Florida: no-down-payment financing, income requirements, eligible rural areas, closing costs and how to apply.
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How much do you need to put down on a house? Compare loan minimums, $300k to $500k examples, closing costs, mortgage insurance and assistance.
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