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VA Loan

Are you a veteran, active-duty service member, or military spouse planning to buy a home? The VA Loan Calculator helps you estimate your monthly mortgage payments on a VA-backed loan—without the need for private mortgage insurance or a large down payment.



VA Loan Calculator

Estimated Monthly Payment

$0

Includes Principal & Interest

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What is VA Loan Calculator

The VA Loan Calculator is a powerful tool specifically designed for homebuyers using a loan guaranteed by the U.S. Department of Veterans Affairs (VA). VA loans are a unique benefit for military-connected borrowers, offering zero down payment, competitive interest rates, and no requirement for private mortgage insurance (PMI)

This calculator provides a detailed breakdown of your monthly mortgage payment, including estimated principal, interest, property taxes, homeowners insurance, and the VA funding fee. It’s ideal for veterans and service members exploring affordable homeownership options while taking full advantage of their earned benefits.




How it works

VA Loan Calculator

To use the VA Loan Calculator, you’ll enter the home purchase price, loan term, expected interest rate, estimated property taxes, and homeowners insurance. You’ll also indicate whether you’re making a down payment (optional) and your eligibility status—such as first-time use or subsequent use of the VA benefit.

The calculator automatically adds the VA funding fee—typically 2.15% of the loan amount for first-time users with no down payment—unless you’re exempt due to a service-connected disability. The result is a complete monthly payment estimate with no hidden fees or insurance surprises. This allows VA-eligible borrowers to compare loan affordability, evaluate housing costs, and make confident decisions during the homebuying process.



Frequently Asked Questions

Do VA loans require a down payment Toggle
No. One of the biggest benefits of a VA loan is 100% financing, meaning no down payment is required in most cases
What is the VA funding fee, and how is it calculated Toggle
The VA funding fee helps offset the program’s cost. It ranges from 1.25% to 3.3% depending on the loan type, down payment, and whether it’s your first use.
Are there monthly mortgage insurance premiums with VA loans Toggle
No. VA loans do not require PMI or MIP, which helps keep your monthly payments lower than other low-down-payment options
Can I use a VA loan more than once Toggle
Yes. You can use your VA loan benefit multiple times, provided you have remaining entitlement or restore your full entitlement through sale or payoff.
Does the VA Loan Calculator include property taxes and insurance Toggle
Yes. You can enter estimates for taxes and insurance to receive a more accurate all-inclusive monthly mortgage payment.