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VA Mortgage Calculator

Tips For Using Our VA Home Loan Calculator

Mortgage Calculator

Our VA Home Loan Calculator is here to help you estimate monthly payments on a VA home loan.

To get started follow these steps:


  1. Your Purchase Price: This is the price that will be paid for the home, and is the actual price of the home before any fees or expenses are added in.
  2. Term: This is the term of the loan – how many years you are seeking a loan for — and typically this number will be 15 or 30.
  3. Property Tax: This number represents the annual property taxes paid for this home.
  4. Property Insurance: This number represents the homeowner’s annual insurance premium.
  5. Down Payment: This number is the total amount paid at the time of closing towards the sale price of the home. A minimum down payment is not always required.
  6. Interest Rate: This refers to the annual fixed interest rate for your mortgage. It’s important to note that the interest rate is different from the Annual Percentage Rate (APR), which incorporates other payments such as mortgage insurance and the origination fee, which are paid when the mortgage first began.
  7. PMI: Also known as mortgage insurance, the Monthly Private Mortgage Insurance (PMI) payment refers to what is due to the lender. This should stay at 0 if you are seeking a mortgage for a VA loan.
  8. Start Date: This references the estimated date that the home sale will take occur, and is used to establish the prepaid interest due on the mortgage, as well as the first payment date.

It’s important to bear in mind that this is an estimate, so the actual fees and expenses may change depending on a variety of factors including your closing date, military status as well as whether or not you finance your funding fee.

Get The Most Accurate Results Possible

One of the amazing benefits of the VA Loan is that you don’t need a down payment, so you can try adjusting the amount you include in the down payment field above and see how that impacts your monthly payment amount.

A few key things to remember: The VA Loan offers 15 or 30 year fixed terms. That means that your rate will be the same throughout the life of the loan. The VA Loan does not have PMI. PMI stands for Monthly Private Mortgage Insurance (PMI) payment refers to what is due to the lender.

You will need a Certificate of Eligibility, because the VA loan is only available to military members, veterans, and & certain family members. Click here to learn how to obtain your certificate of eligibility.

VA loans are available for new loans, refinancing, and new construction loans. Don’t feel you have to limit yourself in your home search. Your future home is out there, and we are here to do all we can to make your dreams come true.

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