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VA Mortgage Calculator

Estimate your VA home loan payment including funding fee, taxes & insurance.

Home Price ($)

Down Payment ($)

Loan Term 30 Years Fixed 15 Years Fixed

Interest Rate (%)

⚙️ VA Funding Fee Details

Service Type Regular Military Reserves / National Guard

Loan Usage First Use Subsequent Use

Funding Fee Rate: 2.15%

Finance funding fee into loan

Property Tax Rate (%/year)

Home Insurance ($/month)

HOA Dues ($/month)

Estimated Monthly Payment

$0

Principal & Interest$0

Property Tax$0

Insurance$0

HOA$0

Loan Amount$0

Year	Principal Paid	Interest Paid	Balance

VA Home Loan Benefits at a Glance

A VA mortgage is one of the most powerful benefits available to eligible veterans, active-duty service members, and certain surviving spouses. Backed by the U.S. Department of Veterans Affairs, these loans offer zero down payment options, competitive interest rates, and no private mortgage insurance (PMI). The calculator above helps you estimate your full monthly payment, including the VA funding fee, property taxes, and homeowners insurance.

What is the VA Funding Fee?

The VA funding fee is a one-time payment that helps sustain the VA loan program for future generations. The amount depends on your service type (Regular Military or Reserves/National Guard), down payment percentage, and whether it’s your first VA loan or a subsequent use. Most borrowers choose to finance this fee into the loan amount. Our calculator automatically applies the correct funding fee rate based on your selections.

Typical funding fee rates for Regular Military:

• First use, less than 5% down: 2.15%
• First use, 5% – 9.99% down: 1.50%
• First use, 10% or more down: 1.25%
• Subsequent use, less than 5% down: 3.30%

How to Use This VA Mortgage Calculator

Just enter the home price, any down payment (even $0), choose your loan term, and adjust the interest rate. The calculator immediately shows your estimated principal & interest, tax, insurance, and total monthly cost. Because VA loans don’t require PMI, the savings can be significant compared to conventional or FHA loans.

VA Loan Eligibility & Limits (2025)

To qualify for a VA loan, you generally need suitable credit, sufficient income, and a valid Certificate of Eligibility (COE). There’s no maximum loan limit for first-time VA borrowers with full entitlement; however, lenders may impose their own limits. For 2025, the standard conforming loan limit is $766,550 in most counties, but high-cost areas can go higher.

Frequently Asked Questions

Can I get a VA loan with a 600 credit score?

While the VA doesn’t set a minimum credit score, most lenders require at least 620. Some may work with lower scores.

Is mortgage insurance required?

No. VA loans never require PMI, which can save you hundreds each month.

How often do VA loan rates change?

Rates fluctuate daily based on market conditions. Our calculator uses a fixed input – always check with a VA-approved lender for today’s rate.

Start Your VA Home Loan Journey

Play with the numbers above to see what fits your budget. Once you’re ready, reach out to a VA-savvy lender and request a no-obligation pre-approval. Thank you for your service!