Homebuyers want to be sure they use an accurate USDA mortgage payment calculator when figuring up monthly loan payments. Keep in mind many online mortgage payment calculators do NOT applicable mortgage insurance, taxes and insurance. Please note each mortgage program has different monthly mortgage insurance ( Annual Fee / PMI) amounts. For example: the USDA Rural Housing program has a .50% factor, where the FHA mortgage with max financing is 1.35%. Homebuyers doing USDA financing can find the 2015 USDA Payment Calculator at the bottom right side of this screen. The calculator includes the current 2015 amount of monthly mortgage insurance already added.
Florida home buyers just want to insure they add 2% to their loan amount. Example: if you are purchasing a $100,000 home and planning on 100% financing – be sure to input $102,000 for your loan amount to account for the required 2% USDA Rural Housing Guarantee fee.
Questions? just submit the short Info Request Form on the right side of this page for fast service. Mobile users can find the Info Request Form here. You can also contact us at 7 days a week at ph: 800-743-7556
Serving all of Florida since 2006. Monthly Loan Payment Calculator