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VA Home Loan Payment Calculator

This VA mortgage calculator gives you a look at your estimated monthly payment using a VA Purchase or VA Refinance Loan.

Estimate your VA Loan payment:

Your Estimated
Monthly Payment:

  • Principal & Interest
  • Taxes
  • Insurance
  • VA Funding Fee

Loan Totals:

  • Purchase Price
  • Down Payment
  • VA Funding Fee
  • Total Loan Amount

How to Use the VA Loan Calculator

If you're unsure where to begin when estimating your monthly VA loan payments, this calculator is a great place to start.

Simply adjust the specific fields to fit your unique homebuying situation, and the calculator will immediately update the payment estimate based on your inputs.

If you're ready for a personalized quote, talk with a Veterans United Home Loans specialist today.

A Look at the Calculator Inputs

Home Value: Home value is the potential purchase price of the home, not including a down payment.

Down Payment: The down payment is an upfront amount paid towards the principal. VA loans do not require a down payment, and most choose $0 down. However, if you decide to put money down, it can reduce the VA funding fee - if required - and your overall monthly payment.

Interest Rate: The interest rate is the cost of borrowing. Interest rates in the calculator include APR, which estimates closing costs and fees, and is the actual cost of borrowing. Interest rates in the calculator are for educational purposes only, and your interest rate may differ.

Loan Term: Loan term is the length you wish to borrow - typically 15 or 30 years.

Credit Score: Interest rates typically vary based on a handful of factors, including credit score. Estimate your credit score for a more accurate VA loan payment.

Loan Type: VA loans provide both purchase and refinance options. Calculations for loan types differ due to the VA funding fee. If you're calculating a cash-out or IRRRL, we have a specific calculator for VA refinancing here.

VA Specifics: VA specifics relate to the VA funding fee. Borrowers with a disability rating of 10% or more, have a Purple Heart or are a surviving spouse are exempt from the VA funding fee. Borrowers who aren't exempt and have used a VA loan before are subject to a slightly higher VA funding fee.

What is the VA Funding Fee?

The funding fee is a governmental fee paid to the Department of Veterans Affairs to help keep the VA loan program running for years to come. The VA funding fee ranges from .5 to 3.6 percent and not every borrower is required to pay it.

How Much Will My VA Loan Payment Be?

There are a variety of factors that play into the calculation of your monthly loan payment. Typically, the factors affecting your monthly payment include the home price, down payment, interest rate, and if you have to pay the VA funding fee.

As with any mortgage calculator, these numbers are estimates. To get exact figures, contact Veterans United Home Loans and speak with a home loan specialist.

Estimated Monthly Payment:
See Payment Breakdown