USDA LOAN CALCULATOR
Estimate Your Monthly Payment on a USDA Home Loan in Ohio
| House Price: | $0 |
| Down Payment: | $0 |
| USDA Guarantee Fee (1%): | $0 |
| Loan Amount: | $0 |
Total Monthly Payment
| Principal & Interest: | $0.00 |
| Monthly Property Taxes: | $0.00 |
| Monthly Insurance: | $0.00 |
| Monthly USDA Fee: | $0.00 |
| Monthly HOA: | $0.00 |
USDA Loan Calculator: Estimate Your Monthly Payment
Looking for a zero-down mortgage option in Ohio? This free USDA Loan Calculator estimates your monthly payment, your USDA Guarantee Fee, and your final loan amount — so you can plan your home purchase with clarity and confidence.
By entering a few simple details, you’ll see how the USDA Guarantee Fee and your financing choices impact your total loan and monthly cost.
How the USDA Mortgage Calculator Works
It lets you customize:
- Purchase Price
- Loan Term (years)
- Down Payment % (if any)
- Interest Rate
- Annual Property Taxes
- Annual Homeowners Insurance
- Finance the USDA Guarantee Fee? (Yes/No)
The USDA calculator instantly shows:
- USDA Guarantee Fee (typically 1% of the loan amount)
- Total Loan Amount (including financed Guarantee Fee, if selected)
- Estimated Monthly Payment, broken down
With this simple tool, you can easily see how a USDA loan fits into your monthly budget — helping you move forward with confidence.
What Is a USDA Loan?
A USDA loan is a government-backed mortgage option designed to help buyers purchase homes in eligible rural and suburban areas — often with no down payment required. USDA loans are available across much of Ohio, and offer:
Zero Down Payment: Most buyers qualify without putting anything down.
Affordable Mortgage Insurance: Lower annual mortgage insurance compared to FHA or conventional loans.
Flexible Credit Requirements: USDA guidelines allow for moderate credit scores.
Competitive Interest Rates: Backed by the U.S. Department of Agriculture for favorable terms.
To qualify, the home must be located in a USDA-eligible area and meet income eligibility limits. You can check property and income eligibility at the USDA Eligibility Website.
Why This Calculator Matters
Many homebuyers think USDA loans are only for farms or extremely rural properties — but that’s not the case. In fact, many areas of Ohio qualify, and USDA financing can be an incredible way to buy a home with little to no upfront cash.
This Ohio USDA Calculator helps you:
- Understand how financing the Guarantee Fee affects your loan
- See the true monthly cost of a USDA mortgage
- Plan ahead for taxes, insurance, and mortgage insurance
- Compare buying now vs waiting to save a down payment
When used correctly, a USDA loan can make homeownership possible much sooner than you might expect.
Learn more about your options here:
Home Purchase Information
A Trusted USDA Mortgage Expert in Ohio
I’m T.C. Strait, a licensed mortgage broker based in Mason, OH, helping buyers all over Ohio make smart moves with USDA, FHA, VA, and conventional loans.
If you’re considering a USDA loan, I’ll help you confirm eligibility, run your numbers, and walk you through the process from start to finish — making it as smooth as possible.
Here’s what a recent client had to say:
“I found T.C. Strait through Google and couldn’t be happier with my experience being a first-time homebuyer. I’m not sure you could ask for a better Ohio mortgage broker. He helped me buy my first home with a USDA home loan with no down payment, making the entire process virtually stress-free. We had a minor hiccup with underwriting, but he resolved it quickly and we still closed ahead of schedule. If you need an Ohio mortgage lender who knows his stuff, T.C. is your guy.”
— Johnathon K., April 2, 2025
If you’re ready to see if a USDA loan is the right fit — or just want a clear breakdown of your options — I’m here to help.
Frequently Asked Questions About USDA Loans
Is the USDA Guarantee Fee required?
Yes. The upfront USDA Guarantee Fee (currently 1% of the loan amount) helps fund the program. Most buyers choose to finance it into their loan.
How much is the USDA monthly mortgage insurance?
The annual USDA fee is 0.35% of the outstanding loan balance, divided into monthly payments — lower than FHA mortgage insurance.
Do I have to make a down payment on a USDA loan?
No. USDA loans are designed for zero down payment. However, you can choose to put money down if you wish to lower your monthly payment.
Who qualifies for a USDA loan?
Eligibility is based on income limits, property location, and other factors. You can verify eligibility here: USDA Eligibility Map.
Does this calculator include taxes and insurance?
Yes. Your estimated monthly payment includes principal, interest, property taxes, homeowners insurance, and USDA mortgage insurance.
Ready to Get Pre-Approved for a USDA Loan?
Understanding your numbers is the first step toward buying a home with no down payment.
If you’re ready to explore USDA loan options in Ohio, or just want to see what you qualify for, let’s connect.
Get pre-approved today — and let’s take the first step toward your new home.