VA Mortgage Calculator
Modify the values and click the Calculate button to use
Loan Details
VA Funding Fee
Monthly Total
| Monthly | Total | |
|---|---|---|
| Mortgage Payment | $1,568.68 | $564,724.80 |
| Property Tax | $250.00 | $90,000.00 |
| Home Insurance | $208.33 | $75,000.00 |
| Other Costs | $416.67 | $150,000.00 |
| Total Out-of-Pocket | $2,443.68 | $879,724.80 |
Upfront Costs
VA Funding Fee (2.15%)
If Payback Bi-weekly
| Year | Interest | Principal | Ending Balance |
|---|
| Month | Interest | Principal | Ending Balance |
|---|
VA Mortgage Calculator – Estimate VA Loan Payments
Are you a U.S. veteran, active-duty service member, or military spouse planning to buy a home?
Our VA Mortgage Calculator helps you estimate monthly payments, interest, and overall costs of a VA home loan.
With zero down payment and lower interest rates, VA loans make home ownership more affordable for those who have served.
What is a VA Loan?
A VA Loan is a mortgage program offered by the U.S. Department of Veterans Affairs (VA) to help veterans, active-duty service members, and surviving spouses buy or refinance a home.
VA loans stand out because they typically require no down payment, have no private mortgage insurance (PMI), and offer competitive interest rates.
How Does the VA Mortgage Calculator Work?
Our VA Mortgage Calculator uses your loan amount, interest rate, and loan term to estimate:
- Monthly mortgage payments
- Total repayment amount
- Total interest paid
- Impact of zero down payment on affordability
Unlike standard mortgage calculators, our tool is specifically designed to reflect VA loan benefits such as waived PMI and reduced upfront costs.
Features of Our VA Mortgage Calculator
- ✅ Calculates payments with zero down payment
- ✅ Considers VA funding fee (if applicable)
- ✅ Shows total cost over the loan term
- ✅ Helps compare VA loan benefits vs. conventional loans
- ✅ Instant results without registration
Benefits of a VA Loan
- No down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Flexible credit requirements
- Ability to refinance with VA IRRRL (Interest Rate Reduction Refinance Loan)
Example VA Loan Calculation
Suppose you want to buy a home worth $250,000 using a VA loan at 6% interest for 30 years:
- Loan Amount: $250,000 (zero down payment)
- Monthly Payment ≈ $1,498
- Total Interest Over 30 Years ≈ $289,000
- Total Cost (Principal + Interest) ≈ $539,000
Compared to a conventional loan with 20% down + PMI, VA loans can save you thousands in upfront and monthly costs.
VA Loan Eligibility
You may be eligible for a VA loan if you are:
- An active-duty service member
- A veteran who meets service requirements
- A member of the National Guard or Reserves
- A surviving spouse of a veteran (under certain conditions)
To apply, you’ll need a Certificate of Eligibility (COE) from the Department of Veterans Affairs.
FAQs About VA Mortgage Calculator
Does the calculator include the VA funding fee?
Yes, you can adjust the funding fee option to see how it affects your monthly payments.
Can I use the calculator for VA refinance loans?
Yes, it works for both new VA purchases and VA refinance loans (IRRRL).
What if I want to make a down payment anyway?
You can enter a down payment to see how it lowers your monthly cost, even though VA loans don’t require it.
How accurate is the calculator?
It gives highly accurate estimates based on your inputs, but actual lender terms may vary.
Conclusion
VA loans are one of the most valuable benefits available to U.S. military service members and veterans.
With no down payment, no PMI, and competitive interest rates, they make home ownership more accessible.
Our VA Mortgage Calculator helps you see the real cost of a VA loan, plan payments, and compare options.
Start planning today with our free calculator.