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VA Mortgage Calculator

Use this VA Mortgage Calculator to estimate your monthly payment, including principal and interest, VA funding fee, property taxes, homeowners insurance, and optional HOA dues. Enter your best estimates to see your potential payment.

If you selected Percent, enter the percentage of the home price you plan to put down. VA loans allow 0% down in many cases.

If you selected Dollar amount, enter the cash down payment in dollars.

Typical first-use regular military = 2.15%, subsequent use = up to 3.3%. Set to 0% if exempt, or check the exemption box below.

If checked, the funding fee is added to your loan amount. If unchecked, it is paid upfront and not financed.

Note: VA loans do not require monthly PMI. This calculator provides estimates only and is not a commitment to lend. Actual rates, fees, and taxes vary by lender and locale.

Our VA Mortgage Calculator helps eligible service members, veterans, and surviving spouses estimate a complete monthly payment for a VA home loan—including principal and interest, the VA funding fee, property taxes, homeowners insurance, and optional HOA dues. Use it to plan your budget and compare scenarios before you shop for homes or speak with a lender.

How to use the VA Mortgage Calculator

Start by entering the home price, then choose how you want to enter your down payment: as a percentage of the price or as a dollar amount. VA loans allow 0% down for many buyers, but entering a down payment can show how it affects your monthly cost. Add your interest rate (APR) and loan term, then set the VA funding fee rate. If you are exempt due to a qualifying VA disability or other reason, set the rate to 0% or check the exemption box. Decide whether to finance the funding fee into the loan or pay it upfront. Finally, include annual property taxes, annual homeowners insurance, and any monthly HOA dues to see your full payment.

What the results mean

Principal and interest

This is the core mortgage payment calculated from your loan amount, interest rate, and term. Our VA Mortgage Calculator uses the standard amortization formula to provide an accurate principal and interest estimate each month. If you finance the VA funding fee, it is added to your loan amount, slightly increasing principal and interest.

VA funding fee

The VA funding fee helps keep the VA home loan program sustainable and typically ranges from about 1.25% to 3.3% depending on factors such as first-time vs. subsequent use and service category. Exempt borrowers (for example, those receiving VA disability compensation) pay 0%. You can finance the fee into the loan or pay it upfront. Financing the fee increases your loan amount and monthly payment; paying upfront reduces monthly cost but requires more cash to close.

Taxes and insurance

Property taxes and homeowners insurance are often collected monthly by your servicer and paid on your behalf. The calculator converts the annual totals into monthly amounts to show your full housing payment. Because taxes and insurance vary significantly by location and coverage, adjust these fields to match local estimates.

HOA dues

If the property is in a homeowners association, monthly dues are added to the total payment. While HOA dues are not paid through your mortgage servicer in all cases, including them here helps you budget for your total monthly housing cost.

Tips to lower your VA mortgage payment

  • Compare rates from multiple VA-approved lenders—even small APR differences can save thousands over the life of the loan.
  • Consider a slightly longer term to reduce monthly payments, or a shorter term if you can afford higher payments to save on total interest.
  • Make a down payment if possible to lower your financed amount and principal and interest.
  • Shop homeowners insurance and ask about bundling discounts to reduce your monthly escrow.
  • Confirm your VA funding fee exemption status; an exemption can lower your total cost significantly.
  • Evaluate HOA communities carefully—lower dues can help keep your overall payment manageable.

Why use a VA-specific calculator?

VA loans work differently from conventional and FHA loans in key ways. There is no monthly mortgage insurance (PMI), and the VA funding fee can be financed or waived if you’re exempt. A general mortgage calculator may not model these nuances correctly. Our VA Mortgage Calculator is tailored to the program so you can see a more realistic monthly payment and make better-informed decisions.

Assumptions and limitations

  • Results are estimates based on the inputs you provide and do not constitute a loan offer or approval.
  • Actual taxes, insurance, and HOA dues vary by property and location.
  • The VA funding fee percentage you enter should reflect your specific eligibility and usage; consult a lender for confirmation.
  • Interest rates can change daily and vary by credit profile and market conditions.

Armed with clear estimates from the VA Mortgage Calculator, you can compare homes and loan scenarios with confidence. When you’re ready, share your results with a VA-approved lender for a personalized quote and a detailed breakdown of closing costs.

FAQs

How does the VA Mortgage Calculator include the VA funding fee?

It applies the funding fee rate to your base loan amount and lets you choose to finance it into the loan or pay it upfront.

Can the VA Mortgage Calculator handle 0% down payments?

Yes. Set the down payment to 0 and the calculator will estimate your payment with no money down.

Does the VA Mortgage Calculator include PMI?

No. VA loans do not require monthly PMI, so the calculator excludes it by design.

What inputs do I need for the VA Mortgage Calculator?

Home price, interest rate, loan term, funding fee rate, and optional taxes, insurance, HOA, and down payment.

Can I model a funding fee exemption in the VA Mortgage Calculator?

Yes. Check the exemption box or set the funding fee rate to 0% to reflect your exemption.

Does the VA Mortgage Calculator estimate escrowed costs?

Yes. Enter annual taxes and insurance to see monthly escrow amounts in the total payment.

Is the VA Mortgage Calculator accurate for subsequent use of VA benefits?

Yes. Enter the appropriate funding fee rate for subsequent use to get an accurate estimate.

Can the VA Mortgage Calculator compare scenarios?

You can change inputs like rate, fee, and down payment to quickly compare multiple payment scenarios.