VA Mortgage Calculator

Table of Contents

VA Mortgage Calculator

Estimate your purchase-loan payment, funding fee and upfront cash. Compare extra payments and explore annual or monthly schedules.

U.S. VA-backed purchase loans, in USD. This calculator does not determine eligibility, entitlement or lender approval.

Home price ($)

Down payment (%)

Annual interest rate (%) Illustrative rate, not a current lender quote.

Loan term

Funding-fee use category Ask your lender if a prior manufactured-home-only loan affects this category.

First payment month

Other closing costs paid in cash ($) Exclude funding fee and down payment. Credits and deposits already paid are not modeled.

I qualify for a funding-fee exemption Select only when your exemption applies. Confirm with VA or your lender; the calculator does not verify it. Finance the funding fee into the loan

Include taxes, insurance and other housing costs

Property tax per year ($)

Home insurance per year ($)

HOA per month ($)

Other housing costs per month ($)

Held constant in the model. These costs may continue after payoff.

Add extra principal every month

Your estimate

Compare down payments

Same home, rate, term and exemption status. Payments exclude housing costs and extra principal.

Down payment	Fee rate	Funding fee	Starting loan	Upfront cash	Monthly principal + interest

Repayment schedule

Choose schedule

Period	Principal*	Interest	Housing costs	Total outflow	Balance

*Includes extra principal. Annual periods start with your first payment month. The final payment is adjusted to clear the balance.

Understanding a VA mortgage estimate

The base loan is the purchase price minus the down payment. This tool calculates the funding fee on that base, then either adds it to the loan or includes it in upfront cash. Other closing costs remain cash-paid.

Funding-fee assumptions

The VA purchase-loan chart reviewed September 27, 2026 uses 2.15% for first use with less than 5% down, and 3.30% for subsequent use. At least 5% down reduces the rate to 1.50%; at least 10% down reduces it to 1.25%. An applicable exemption sets the fee to zero. VA loans do not require monthly mortgage insurance.

Exemptions cover several circumstances, including qualifying service-connected compensation, certain surviving spouses and some active-duty borrowers. Verify your status using the official VA funding-fee guidance. This tool excludes refinance, NADL, loan-assumption and other special fee schedules.

Financing the fee versus paying cash

Financing reduces the modeled cash needed at purchase, but increases the loan balance and interest. Paying the fee in cash leaves a smaller loan. The exemption checkbox takes priority, so an exempt borrower has no fee under either payment method.

Does zero down mean zero cash needed?

No. Other closing expenses may still need to be paid. This estimate does not subtract credits, assistance, or earnest money already deposited. It is an upfront purchase-cash estimate, not an official closing disclosure.

How are payments and extra principal calculated?

The fixed nominal annual rate is divided by 12. Each payment first covers the month’s interest, then reduces principal. Extra principal reduces the remaining balance and may shorten the term. At zero interest, the scheduled loan payment is the loan divided by the number of months.

What is included in housing outflow?

Loan principal, interest, optional extra principal, and the housing expenses you enter. Down payment, cash-paid funding fee and other closing costs appear separately as upfront cash. Taxes and insurance do not reduce your loan balance.

Is this an approval or affordability assessment?

No. Income, debts, entitlement, appraisal and lender requirements are not evaluated. The example interest rate is an input assumption, and actual loan terms and rounding can differ.