USDA Loan Calculator
Estimate the monthly payment on a zero-down USDA loan for eligible rural and suburban Florida properties.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
USDA loans offer 100% financing in eligible rural areas with income limits. Upfront guarantee fee is 1% (financed) and the annual fee about 0.35%. Estimate only.
USDA loans offer 100% financing — no down payment — for moderate-income buyers purchasing in eligible rural and many suburban areas. Large parts of Florida, including much of St. Lucie and Highlands counties, qualify.
In place of mortgage insurance, USDA charges a small upfront guarantee fee that is financed and a low annual fee paid monthly, both lower than comparable FHA costs.
How to Use This Calculator
- 1
Enter the home price. USDA finances 100%, so no down payment is needed.
- 2
Add an illustrative interest rate.
- 3
Review the financed guarantee fee and the resulting total loan.
- 4
Read the estimated payment, which includes the monthly annual fee, taxes, and insurance.
The Formula & Assumptions
Guarantee fee = price × 1%
Total loan = price + guarantee fee
Annual fee = price × 0.35% ÷ 12
Payment = P&I + annual fee
+ taxes + insurance
USDA charges a one-time guarantee fee of 1% of the loan, financed into the balance, plus an annual fee of about 0.35% paid in monthly installments.
Both fees are lower than FHA mortgage insurance, which is part of why USDA can be the cheapest zero-down option for buyers who qualify.
Eligibility depends on the property location and your household income, which must fall under the area limit. Confirm the address and your income against current USDA maps and limits before relying on these figures.
Frequently Asked Questions
Who qualifies for a USDA loan?
You must buy in a USDA-eligible area and have a household income below the area limit, generally aimed at low-to-moderate income buyers. The property must be your primary residence. Much of rural and suburban Florida qualifies.
Do USDA loans require a down payment?
No. USDA offers 100% financing, so eligible buyers can purchase with no down payment. You will still need funds for closing costs, though seller credits and gifts can help.
How do USDA fees compare to FHA?
USDA charges a 1% upfront guarantee fee and about a 0.35% annual fee, both lower than FHA upfront MIP of 1.75% and annual MIP near 0.55%. For eligible rural buyers, USDA is often the cheaper zero-down route.
Is my Florida address USDA eligible?
Many suburban and rural Florida locations qualify even if they feel close to a city. Eligibility is set by USDA maps and can change, so verify the specific address before counting on a USDA loan.
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Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.