Use our easy VA Loan Calculator below to quickly estimate your monthly mortgage payments and affordability when using a VA-backed home loan.
Verify Your VA Loan Eligibility
Using a regular mortgage calculator won't always give you accurate results for VA loans.
That's because VA loans have special features, such as the VA funding fee, disability rating exemptions, previous VA loan usage, and different loan types.
Our VA Loan Calculator takes all these special factors into account, giving you a more accurate idea of your monthly payments and how much home you can afford.
This calculator helps veterans, active service members, and military spouses easily estimate monthly payments on a VA home loan.
Estimate your monthly payment and see if a VA loan is right for you.
Enter the price of the home you want to buy. You can enter any amount between $50,000 and $1,000,000.
VA loans usually require no down payment. If you're planning to make one, enter the amount here. A down payment of at least 5% lowers your VA funding fee.
Select how long you want your loan to last (10, 15, 20, or 30 years). Shorter loans usually have lower interest rates but higher monthly payments.
Enter the interest rate your lender gave you, or the current average rate. Small differences in the interest rate can change your monthly payment a lot.
Pick the military status that fits your situation. The calculator will automatically include your VA funding fee based on your selection.
Enter the yearly property tax. You can usually find this amount on the property listing or local tax website.
Enter the yearly cost for homeowners insurance.
Based on your inputs, here's your estimated VA loan details.
Note - VA Funding Fee can be waived for veterans receiving VA disability compensation, Purple Heart recipients, and surviving spouses of veterans who died in service or from a service-connected disability.
