The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $101,010 and an estimated property value of $133,334. The property is located in Mattoon, IL and is within Coles county. The property is an existing single family home and will be used as a primary residence. This featured rate assumes an escrow (impound) account is established. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.250% interest rate, the APR for this loan type is 4.781%. The monthly payment schedule would be:

The monthly payment amounts quoted include the annual fee premium.

The annual fee is required for most USDA/Rural Housing loans. The monthly payment for the annual fee is calculated based on the average annual outstanding balance and will vary from year to year.


The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.