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Calcimator

VA Loan Benefit Calculator

Compare VA loan vs conventional mortgage savings including no down payment, no PMI, and competitive rates.

Inputs

$
%
%
$
$

Results

Monthly Savings (VA vs Conv.)

-$32.85

Total Lifetime Savings

$15,650.00

≈ 8 gaming PCs

VA Monthly P&I$2,259.80
Conventional P&I + PMI$2,226.95
Down Payment Savings$35,000.00
VA Funding Fee$7,525.00
Va Total Interest456,003.43
Conv Total Interest439,453.03
How to Use This Calculator
  1. Enter Home Price, Conventional Down Payment, and VA Loan Rate.
  2. Set Conventional Rate, VA Funding Fee, and Annual Property Tax.
  3. Adjust Annual Home Insurance as needed.
  4. Review Monthly Savings (VA vs Conv.) ($) and Total Lifetime Savings ($).
  5. Use VA Monthly P&I ($) and Conventional P&I + PMI ($) to inform your decision.

How the result changes with VA Loan Rate

VA Loan RateMonthly Savings (VA vs Conv.)Total Lifetime Savings
2.8$757.90$300,320.00
4.8$351.14$153,886.00
7.2-$199.88-$44,483.00
9.2-$701.37-$225,019.00

What each input means

Home Price
Purchase price of the home.
Conventional Down Payment
Down payment percentage for conventional loan comparison.
VA Loan Rate
VA loan interest rate.
Conventional Rate
Conventional mortgage interest rate.
VA Funding Fee
VA funding fee percentage (0% if 10%+ disability, 2.15% first use).
Annual Property Tax
Annual property tax (same for both loan types).
Annual Home Insurance
Annual homeowners insurance.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Home Price = 350000, Conventional Down Payment = 10, VA Loan Rate = 6.5, Conventional Rate = 7 = 7 input(s) provided
  2. Calculate Monthly Savings
    Monthly Savings
    -32.85 = $-32.85
  3. Calculate Total Lifetime Savings
    Total Lifetime Savings
    15650 = $15,650
  4. Calculate VA Monthly P&I
    VA Monthly P&I
    2259.8 = $2,259.8
  5. Calculate Conventional P&I + PMI
    Conventional P&I + PMI
    2226.95 = $2,226.95

Engine last updated . Checked against 3 independently-derived tests — how we verify calculators.

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