VA Mortgage Calculator
Calculate your VA loan payments with our easy-to-use calculator
Loan Details
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$0
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VA Eligibility
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$/year
$/year
$/year
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$
$
$0.00
Mortgage Payment
$0.00$0.00
Property Tax
$0.00$0.00
Home Insurance
$0.00$0.00
Other Costs
$0.00$0.00
Total Out-of-Pocket
$0.00$0.00
House Price$0.00
VA Funding Fee (0%)$0.00
Down Payment$0.00
Loan Amount$0.00
Total Mortgage Payments$0.00
Total Interest$0.00
Mortgage Payoff Date-
Payment Breakdown
Principal & Interest
Property Taxes
Home Insurance
Other Costs
Bi-weekly Payment$0.00
Total Interest$0.00
Payoff0 years
Interest Savings$0.00
Veterans: Get Qualified for $0 Down
Amortization Schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| Click Calculate to see amortization schedule | |||
| Month | Date | Interest | Principal | Ending Balance |
|---|---|---|---|---|
| Click Calculate to see amortization schedule | ||||
Our free VA Mortgage Calculator helps veterans, active-duty service members, and eligible surviving spouses estimate their monthly VA loan payment — including the VA funding fee, property taxes, home insurance, and other costs. Compare monthly versus bi-weekly payments and view a full amortization schedule.
How to Use This Calculator
1
Enter the home price, down payment amount or percentage, loan term, and interest rate.
2
Select your VA status, whether you have used a VA loan before, and whether you have a service-related disability.
3
Choose whether to finance the VA funding fee into the loan or pay it upfront at closing.
4
Optionally expand Additional Options to add property taxes, home insurance, HOA fees, and extra payments.
5
Click Calculate to see your full monthly payment breakdown, loan details, bi-weekly savings, and amortization schedule.
VA Loan vs Conventional Loan — Key Differences
| Feature | VA Loan | Conventional Loan |
|---|---|---|
| Down Payment | 0% — No down payment required | 3% to 20% typically required |
| PMI / Mortgage Insurance | No PMI required | Required if below 20% down |
| Interest Rates | Generally lower | Varies by credit and down payment |
| Funding Fee | 2.15% to 3.3% (waived for disabled) | No funding fee |
| Eligibility | Veterans, active duty, eligible spouses only | Available to all qualified buyers |
| Prepayment Penalty | No prepayment penalties | Varies by lender |
Frequently Asked Questions
The VA funding fee is a one-time payment required by most VA loan borrowers to help fund the program. It ranges from 2.15% to 3.3% of the loan amount depending on your down payment and whether you have used a VA loan before. The good news is it can be financed into the loan — no cash needed at closing. Veterans with a service-related disability of 10% or more are completely exempt from the funding fee.
Yes! The VA loan benefit is reusable. You can use it multiple times as long as you meet the eligibility requirements. However if you have used a VA loan before and still have an outstanding balance the funding fee increases to 3.3% for subsequent use with no down payment. Once you fully pay off a VA loan and restore your entitlement you may qualify for the lower first-time rate again.
VA loans are available to veterans with honorable discharge (evidenced by a DD 214), active duty service members who have served the minimum required days, National Guard and Reserve members with at least 6 years of service or federal active duty service, and eligible surviving spouses of veterans who died in service or from a service-connected disability. Contact the VA or a VA approved lender to verify your specific eligibility.
VA loans can only be used to purchase a primary residence — the home you will live in. They cannot be used for investment properties or vacation homes. Additionally VA loan guidelines are strict about property condition — the home must meet VA minimum property requirements for safety and livability. This means VA loans are generally not suitable for fixer-upper homes that need significant repairs before being move-in ready.
Want to Learn Everything About VA Mortgages?
Read our complete guide — what a VA loan is, eligibility, funding fee explained, pros and cons, and tips before you apply.