Skip to main content
Calcimator

VA Mortgage Calculator

Calculate VA loan payments with funding fee. VA loans require no PMI and offer competitive rates for eligible veterans and service members.

Inputs

$
$
%
years
%

Summary

Total Monthly Payment

$2,668.01

Monthly P&I$2,201.34
VA Funding Fee$7,525
Total Loan Amount$357,525
Total Interest$434,958.45
Total Cost of Loan$960,483.45

Yearly Principal vs Interest

Monthly Payment Breakdown

Total Cost Breakdown

How to Use This Calculator
  1. Enter your starting values to generate a projected timeline or schedule. The calculator will build a period-by-period breakdown so you can see how values change over time.
  2. Home Price — The purchase price of the home. Accepts values from $50,000 to $5,000,000 (default: $350,000).
  3. Down Payment — VA loans allow 0% down payment. Accepts values from $0 to $2,000,000 (default: $0).
  4. Interest Rate — Annual interest rate. VA rates are often lower than conventional. Accepts values from 0 % to 15 % (default: 6.25 %).
  5. Loan Term — Length of the loan in years. Accepts values from 10 years to 30 years (default: 30 years).
  6. VA Funding Fee — First-time use: 2.15% (0% down), 1.25% (10%+ down). Exempt for disabled veterans. Accepts values from 0 % to 5 % (default: 2.15 %).
  7. Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
  8. Annual Property Tax — Yearly property tax amount. Accepts values from $0 to $50,000 (default: $4,200).
  9. Annual Homeowner's Insurance — Yearly homeowner's insurance premium. Accepts values from $0 to $20,000 (default: $1,400).
  10. Once all inputs are set, review your results in the Results panel. Here's what each output means:
  11. Total Monthly Payment — Includes P&I, taxes, and insurance. No PMI required! This is the primary result of this calculator.
  12. Monthly P&I — shown as a dollar amount.
  13. VA Funding Fee — One-time fee, typically financed into the loan.
  14. Total Loan Amount — Base loan plus financed funding fee.
  15. Total Interest — shown as a dollar amount.
  16. Total Cost of Loan — shown as a dollar amount.
  17. Scroll down to explore 3 charts (Yearly Principal vs Interest, Monthly Payment Breakdown, Total Cost Breakdown) for a visual breakdown of the data.
  18. Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
Ad Placeholder

Related Calculators

Mortgage Calculator

Calculate your monthly mortgage payment, total interest, and view a full amortization schedule. Compare different loan terms and interest rates.

FHA Loan Calculator

Calculate FHA loan payments including mortgage insurance premium (MIP). See upfront and annual MIP costs for FHA-backed mortgages.

Home Affordability Calculator

Find out how much house you can afford based on your income, debts, and down payment. Uses the 28/36 rule for conservative estimates.

Refinance Calculator

Compare your current loan to a refinanced loan. See monthly savings, total interest savings, and break-even point.

Ad Placeholder