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Zero Down Mortgage Calculator (VA/USDA)

Calculate payments with $0 down. Ideal for VA loans and USDA rural housing estimates.

Loan Details

$
0.0%
$
%

Taxes & Insurance

%
$
$
PMI applies: your down payment is under 20%, so this estimate includes roughly $188/mo in Private Mortgage Insurance until you reach 20% equity.

Estimated Monthly Payment

$2,471
Total Interest$382,633
Principal & Interest
$1,896
Property Tax
$300
Home Insurance
$88
PMI
$188

Payoff Date

September 2056

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Affordability Analysis for $300,000

True $0 down loans are typically reserved for Veterans (VA) or rural properties (USDA). Without a down payment, your monthly bill is higher, but entry cost is lower.

When planning for a home at this price point, it is critical to calculate not just the mortgage, but the "Unrecoverable Costs" of homeownership: property taxes, HOA fees, and maintenance (usually 1% of home value per year).

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FAQs for this Price Range

How much is the monthly payment for a $300,000 mortgage?

At 6.5% interest with 0% down, the Principal & Interest payment on this $300,000 home is approximately $1,896/mo. Including taxes, insurance, and PMI, the full PITI payment is about $2,471/mo.

How much income do I need for a $300,000 house?

Using the 28% rule and this scenario's actual 1.2% tax rate, lenders typically look for a gross annual income of approximately $105,909 to comfortably afford this $300,000 home.

Do I need 20% down?

This scenario models VA and USDA zero-down loan programs. Unlike conventional low-down-payment loans, VA and USDA loans do not require PMI — VA loans charge a one-time funding fee instead, and USDA loans charge an annual guarantee fee, both smaller than typical PMI costs.