Usda 38 Year Loan Calculator



Calculators play a crucial role in simplifying complex calculations across various domains. In this article, we will explore the USDA 38 Year Loan Calculator, providing a user-friendly interface for computing loan-related figures. This calculator is designed to streamline the process of determining payments over an extended period.

How to Use

To utilize the USDA 38 Year Loan Calculator, follow these simple steps:

  1. Input the loan amount in the designated field.
  2. Specify the annual interest rate.
  3. Enter the number of years for the loan term.
  4. Click the “Calculate” button to obtain the results.


The formula for calculating the monthly payment on a loan is given by:


  • is the monthly payment.
  • is the loan amount.
  • is the monthly interest rate (annual rate divided by 12 and converted to a decimal).
  • is the total number of payments (loan term in years multiplied by 12).


Suppose you have a loan amount of $100,000 with an annual interest rate of 5% and a loan term of 38 years. Using the formula mentioned above, the monthly payment would be calculated as follows:


Q: Can I use this calculator for other loan types?

A: Yes, you can use this calculator for various loan types by adjusting the loan amount, interest rate, and term.

Q: What does the monthly payment include?

A: The monthly payment includes both principal and interest components.

Q: Is the calculated result the final payment amount?

A: The calculated result represents the estimated monthly payment; additional fees or changes in interest rates may affect the actual payments.


The USDA 38 Year Loan Calculator provides a straightforward solution for determining monthly payments over an extended period. By following the steps outlined above, users can quickly obtain accurate results for their loan scenarios.

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