Pennsylvania Home Buyer

USDA Loan Calculator for PA

  USDA Loan Calculator
  Sales Price  
  Appraised Value  
  Down Payment    
  Acquisition Amount  
  Base Loan Amount      
  USDA Guarantee Fee    
  Total Loan Amount      
  Down Payment  
  Closing Costs  
  Escrow & Prepaid Costs  
  Total Cost To Purchase  
  Earnest Money Deposit      
  Seller Assistance    
  USDA Monthly Payment Calculator
  Principal & Interest    
  Annual Hm Insurance    
  Annual Real Estate Taxes    
  MIP | PMI  
  Condo | Association Fee  
  This calculator is made available to you as a self-help tool for illustrative use only. Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. I encourage you to seek personalized advice from qualified professionals.
Copyright © 2014,William A. MacDonald All rights reserved

Is a there zero down payment program?

I mean, nothing, no down payment, 100% financing. No out of pocket loan program*? YES, and it's not one of those sub-prime mortgages that have gotten so many people in trouble. It's the USDA home loan!

Read more on the USDA (RHS) on the USDA program page.

Use the PA USDA loan calculator on the right to estimate the USDA loan amount and monthly payment. Use this example:

Sales price = $100,000
Down Payment = "0"
Closing Costs = $3,000
Escrow & Prepaid Costs = $3,000
Seller Assistance = 6%

The PA USDA loan calculator has been updated with the "new" guarantee fee of 2% effective October 1, 2011. The monthly mortgage insurance fee is based on the new monthly percentage of .003. The new monthly "mip" fee is calculated by averaging the principal balance for a 12 month period. This calculator will estimate the monthly fee at .003 X the mortgage amount, divided by 12 months. In short, the resulting monthly fee is a bit higher than it should be. Future releases will make the correct calculation.

How much does it cost to buy a house in Pennsylvania?

Use the PA mortgage calculator to estimate the down payment, closing costs and monthly payment for FHA, VA, USDA & conventional loans.Closing cost calculator