VA Mortgage Calculator

Estimate your VA mortgage payment with our VA loan calculator, including the VA funding fee, taxes, and insurance. VA loans offer benefits like no down payment and no private mortgage insurance (PMI).

Home Value ($):

Down Payment ($):

Down Payment (%):

Loan Term:

Interest Rate (%):

Start Date:

Property Tax per year ($):

Home Insurance per year ($):

HOA Fees per month ($):

Veteran Status:

Usage Type:

VA Loan Summary

Enter your loan details and click "Calculate" to see results.

About VA Loans

VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs (VA). They offer significant benefits to eligible veterans, service members, and surviving spouses, including no down payment requirements and no private mortgage insurance (PMI).

VA Loan Benefits

No Down Payment: Most borrowers can finance 100% of the home's value
No PMI: Unlike conventional loans, VA loans don't require private mortgage insurance
Competitive Interest Rates: VA loans typically offer lower rates than conventional loans
Flexible Credit Requirements: VA loans are more forgiving of past credit issues
Limited Closing Costs: VA limits what lenders can charge for closing costs

VA Funding Fee

Most VA loans require a funding fee, which helps offset the program's cost to taxpayers. The fee varies based on:

Type of veteran (regular, reserve, disabled)
Down payment amount
First or subsequent use of VA loan benefit

Disabled veterans and surviving spouses receiving Dependency and Indemnity Compensation (DIC) are exempt from the funding fee.

VA Loan Eligibility

To qualify for a VA loan, you must meet one of these service requirements:

Served 90 consecutive days of active service during wartime
Served 181 days of active service during peacetime
More than 6 years in the National Guard or Reserves
Spouse of service member who died in the line of duty