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USDA Loan Calculator for PA

  RURAL HOUSING CASH REQUIREMENT CALCULATOR
       
     
  Purchase  Price  
  Appraised Value  
  Down Payment    
  Acquisition Amount  
 
  Base Loan Amount      
  USDA Guarantee Fee    
  Total Loan Amount      
       
  USDA Down Payment  
  Closing Costs  
  Escrow & Prepaid Costs  
  Total Cost To Purchase  
       
  LESS:      
  Earnest Money Deposit      
  Seller Assistance    
  CASH REQUIRED AT CLOSING  
 
  RURAL HOUSING PAYMENT CALCULATOR
   
  Principal & Interest    
  Annual Hm Insurance    
  Annual Real Estate Taxes    
  MIP | PMI  
  Condo | Association Fee  
  PAY MONTHLY  
 
     
     
 

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.