VA Mortgage Calculator

Calculate VA loan payments for veterans and military service members.

Property & Loan Details

Home Price$400,000

$50,000$1,500,000

Down Payment0.0% ($0)

0.0% ($0)25.0% ($100,000)

Interest Rate6.250%

0.000%15.000%

Loan Term

VA Loan Details

Service Type

VA Loan Usage

I have a service-connected disability (exempt from funding fee)

Additional Costs

Property Tax (yearly)

Home Insurance (yearly)

Your VA funding fee is 2.15% ($8,600). This can be financed into your loan or paid upfront. No PMI required!

VA Loan Benefits

No Down Payment Required$0 minimum

No PMISave ~$167/mo

Competitive Interest RatesOften lower than conventional

No Prepayment PenaltyPay off anytime

Funding Fee Details

Base Loan Amount$400,000

Funding Fee Rate2.15%

Funding Fee Amount$8,600Can be financed

Total Loan Amount$408,600

Monthly Payment Breakdown

Principal & Interest$2,515.82

Property Tax$400

Home Insurance$116.67

PMI$0Not required for VA

Monthly Payment

VA Loan Payment

$3,032.49

No PMI required!

Payment Breakdown

Principal & Interest

$2,515.82

Property Tax

$400

Home Insurance

$116.67

Total Loan Cost

Principal

$408,600

Interest

$497,095.37

Funding Fee

$8,600

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Disclaimer

This calculator is provided for informational purposes only. Results are estimates based on the information you provide. Always consult with a qualified financial professional before making important financial decisions.