USDA Loan payment – MaxVA Loan

Estimate your USDA Loan payment:

1. Home Value:
2. Down Payment:
3. Down Payment Percent:
4. Loan Term:
  30 years
  
  15 years
5. Interest Rate: 2.957% APR Estimated rate, yours may differ.
6. Credit Score:
  Excellent 720+
  
  Good 680-719
  
  Fair 640-679
  
  Poor Below 640
7. Loan Type:
  
  USDA Purchase Loan
8. Property Tax Rate: Property taxes are generally estimated to be 1.25% 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. Homeowner’s Insurance: 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 Guarantee Fee $1,500
Total Loan Amount $151,500

Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.25% 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