Estimate your monthly VA Loan payment
VAMortgageCenter's VA loan calculator provides Veterans, active military and surviving spouses the ability to quickly and easily estimate their monthly payments with a VA loan.
Our VA loan calculator provides an accurate representation of potential monthly payments by including property taxes, homeowners insurance and the VA funding fee.
How the VA Loan Calculator Works
To utilize our VA loan calculator, simply plug in your VA loan amount in the "Home Value" section for an immediate calculation. We recommend filling in the remaining fields for the most accurate VA loan payment estimate.
The VA loan rate shown is a broad estimate based on current market conditions and is for educational purposes only. Your actual rate, payment and terms are subject to the policies of your lender.
VA Mortgage Calculator Adjustments
For the most accurate estimate, we recommend filling out all relevant fields. Below is a quick look at how each impacts your VA loan payment.
Down Payment
The signature benefit of the VA loan is $0 money down. You can leave this at $0 or include a down payment if you wish.
Loan Type
The VA loan offers both purchase and refinance options. VA loan refinancing comes with a different VA funding fee than purchase loans, which affects your monthly payment.
Military Type
Regular military and Guard/Reserves members now typically pay the same VA funding fee. However, surviving spouses do not have to pay the VA funding fee.
VA Specifics
If you are VA disabled, you do not have to pay the VA funding fee. Those who are not disabled and previously used a VA loan will pay a higher VA funding fee than the first VA loan use.
Estimated Taxes & Insurance
Property tax estimates default in our calculator to 1.2%, but you can edit this under the advanced setting. The default estimate for homeowners insurance is 0.35% and can also be adjusted in the VA loan calculator's advanced settings.
VA Funding Fee Explained
The VA Funding Fee is a one-time fee paid directly to the Department of Veteran's Affairs. This fee helps keep the VA loan program running and lowers the cost of the program to taxpayers.
If you're required to pay the VA funding fee, you can pay upfront or finance it into your monthly payments.
First-Time Use
| Down Payment | Funding Fee |
|---|---|
| None | 2.15% |
| 5% or more | 1.5% |
| 10% or more | 1.25% |
Subsequent Use
| Down Payment | Funding Fee |
|---|---|
| None | 3.3% |
| 5% or more | 1.5% |
| 10% or more | 1.25% |
Again, this calculator is for educational purposes only. For an exact payment, contact a VA lender.
