Va Mortgage Calculator
Estimate your monthly VA loan payments including principal, interest, and funding fee. Perfect for veterans and active military.
Published by:
isCalculator Editorial Team
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How to use this tool?
How to Use the VA Mortgage Calculator
This calculator estimates your monthly mortgage payment for a VA loan, including principal, interest, property tax, insurance, and the VA funding fee.
- Enter Home Price ($) – The total purchase price of the home (e.g., 300000).
- Enter Down Payment ($) – Amount you pay upfront (can be $0 for VA loans). Must be less than the home price.
- Enter Annual Interest Rate (%) – Your loan’s yearly interest rate (e.g., 6.5).
- Select Loan Term (years) – Choose from 15, 20, 25, or 30 years.
- Enter VA Funding Fee (%) – Default is 2.3%. Adjust based on your VA eligibility and down payment.
- Enter Annual Property Tax ($) – Yearly property tax amount (e.g., 3600).
- Enter Annual Home Insurance ($) – Yearly insurance cost (e.g., 1200).
- Click "Calculate" – Your monthly payment breakdown appears below.
Outputs explained:
- Total Monthly Payment – Sum of principal & interest, property tax, home insurance, and amortized VA funding fee.
- Principal & Interest – Loan payment using the standard amortization formula.
- Property Tax & Home Insurance – Monthly portions of annual costs.
- VA Funding Fee – Fee spread over the loan term (added to loan amount).
Note: All inputs must be non-negative numbers. Down payment cannot exceed home price. The calculator uses monthly compounding.
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Frequently Asked Questions
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs, offering benefits like no down payment and competitive interest rates for eligible veterans, active duty, and military families.
The VA funding fee is a one-time fee paid to the VA that helps fund the loan program. It varies based on loan type, down payment, and whether it's your first use. It can be rolled into the loan.
Yes, our calculator allows you to input annual property tax and home insurance to provide a more accurate monthly payment estimate.
