VA Mortgage Calculator
Calculate VA loan monthly payments including the VA funding fee for eligible veterans and active duty military.
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VA Loan Benefits
VA loans offer 0% down payment, no monthly PMI, and competitive interest rates for eligible veterans, active-duty service members, and surviving spouses. The VA funding fee can be financed into the loan.
What is the VA Mortgage Calculator?
The VA Mortgage Calculator is specifically designed for United States Veterans and active-duty military. VA loans offer incredible benefits, including 0% down payments and no Private Mortgage Insurance (PMI), but they do require a unique "Funding Fee".
How It Works (Formula)
The tool calculates standard mortgage amortization, but it modifies the principal loan amount by automatically adding the VA Funding Fee (which ranges from 1.4% to 3.6% depending on your down payment and military status) directly into the loan balance.
$$ \text{True Principal} = \text{Home Price} + (\text{Home Price} \times \text{VA Fee \%}) $$
The VA fee is rolled directly into the loan rather than paid upfront.
How to Use It
Enter the home price and interest rate. Select your military status (First-time use or Subsequent use). The calculator will automatically apply the correct VA Funding Fee, bypass PMI, and output your true monthly payment.