Calculator

VA Loan Calculator

Estimate a VA loan payment using purchase price, down payment, interest rate, loan term, taxes, insurance, and estimated VA funding fee.

Inputs
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$
%
$
$
$
Results
Principal & interest$2,516
Property taxes$350
Homeowners insurance$117
HOA$0
Estimated monthly payment$2,982
VA funding fee (2.15%)
$8,600
Total loan amount
$408,600
Down payment
$0 (0.0%)
Status
veteran
Results are estimates for educational purposes only and are not a loan offer, pre-approval, or guarantee of rates, terms, or eligibility. Actual figures may vary based on credit profile, income, property, lender guidelines, and market conditions. Eligibility varies.
Explore VA Loan Options
This VA loan calculator is for educational estimates only. VA eligibility, funding fee amount, loan approval, rates, terms, and final payment may vary. Confirm current VA guidelines and lender requirements before relying on results.

Helpful to know

What is a VA loan?

A mortgage backed by the U.S. Department of Veterans Affairs available to eligible veterans, service members, and certain spouses.

What is the VA funding fee?

A one-time fee that supports the VA loan program. The amount depends on factors like first or subsequent use and down payment.

Why VA loans generally do not require PMI

Because VA loans are backed by the Department of Veterans Affairs, private mortgage insurance is typically not required.

Down payment considerations

VA loans may not require a down payment, though making one can lower the funding fee and overall loan amount.

Eligibility basics

Eligibility depends on service history and specific VA criteria. A Certificate of Eligibility is typically required.

Final approval

Approval, rates, and terms depend on lender review and VA guidelines that may change over time.