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Closing cost calculator

USDA Loan Calculator for PA

USDA logoThe USDA home loan program is a no down payment mortgage available through the US Department of Agriculture. The USDA is offered to home buyers who wish to purchase a home located in eligible areas throughout Pennsylvania. The USDA loan is very similar to the FHA home loan, however, the upfront mortgage insurance is less and the monthly mortgage insurance is also lower. The home seller is permitted to pay a substantial percentage of the buyer's closing costs. The USDA loan calculator will estimate the loan amount and monthly payment for a USDA home loan. Please send me an E-mail if you see an error or want to make a comment or a purchase. Last updated 1/2020.

  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  

What is a USDA home loan?

The USDA loan, also known as the USDA Rural Housing Loan Program is a 30 year fixed rate mortgage that was created for low to moderate income home buyers. The house must be located in an USDA eligible area of Pennsylvania. The USDA mortgage loan does not require a down payment (100% financing plus the guarantee fee). The USDA home loan is a zero down mortgage program. Read more

Special financing from the Pennsylvania Housing Finance Agency (PHFA)

The Pennsylvania Housing Finance Agency provides below market interest rates for first time and non-first time home buyers who purchase a home with a USDA home loan. PHFA also offers a down payment/closing assistance loan. Read more