Here’s an awesome USDA loan calculator that I made that will help you out when trying to figure out your mortgage payment.

Please keep in mind that this is an estimate and the numbers represent the maximums and that you should double check with us for your situation.

  • Calculate Your Qualifying Income

  • Enter your gross income. This is BEFORE taxes are taken out. If you want to cross check with USDA income guidelines, click here.
  • Enter your minimum monthly payments to creditors only. Rent and utilities do not count. (Ex. credit cards, student loans, car payment, etc).
  • Confirm Maximum Limits

  • This is the "ideal" amount your monthly payment can be using the current Debt-to-Income requirements from USDA. It can go over this number, but not by much.
  • This is the estimated maximum loan that you will qualify for. Feel free to go back and check the USDA loan limits to see if everything falls in line.
  • Break Down the Numbers

  • Your principal and interest payment. Interest is based off the current average rates.
  • Estimated property taxes divided by 12.
  • Yearly homeowner's insurance divided by 12.
  • See Your Final Payment

    Just like with most mortgage loans, your final payment will roll everything into the final payment (i.e. taxes and insurance)
  • This is your estimated total monthly payment after everything is said and done.
  • This field is for validation purposes and should be left unchanged.