VA Loan Calculator

A VA loan is one of the strongest benefits available to service members and veterans.

This calculator helps you estimate your monthly payment, including taxes, insurance, and the VA funding fee — so you know what to expect before you buy.

Benefits

• See your estimated monthly VA mortgage payment instantly
• Understand how taxes, insurance, and the VA funding fee affect your total cost
• Compare loan terms, rates, and military service types
• Plan your purchase with confidence using your earned VA benefits

Formula

Your estimated payment is based on four main components:

• Principal and Interest: Calculated using your loan amount, interest rate, and loan term.
• Property Taxes: An annual estimate divided into monthly costs.
• Homeowner’s Insurance: An estimated monthly amount based on average premiums.
• VA Funding Fee: A one-time fee that may be financed into the loan and shown here as a monthly equivalent.

The calculator combines these to give you your estimated monthly payment.

Terms

• Loan Amount: The amount you borrow after any down payment is applied.
• VA Funding Fee: A fee charged by the VA that varies based on your service status, loan use, and down payment.
• Interest Rate: The annual cost of borrowing money.
• Loan Term: The number of years you’ll take to repay the loan (typically 15 or 30).
• Military Type: Your branch or status, which helps determine funding fee rules.

Factors to Consider

• First-time VA users may have a different funding fee rate than repeat users.
• Veterans with service-connected disabilities may be exempt from the VA funding fee.
• Property taxes and insurance vary by location and can significantly impact your monthly payment.
• A down payment is optional for VA loans, but it can reduce your funding fee and monthly cost.