VA Mortgage Calculator

Use it when you want to test the exact inputs on this page: Estimate payment on a VA purchase loan. Compare first-use, subsequent-use, down payment, and exemption scenarios. The result is a check against your assumptions, not proof that a lender, tax app, broker, platform, or provider will use the same number.

Home price means the purchase price you want to test before any down payment. Down payment means cash paid upfront. VA purchase loans can be no-down, but a down payment can lower the funding-fee rate. First VA loan use means whether this is your first use of the VA home loan benefit. Later use can raise the no-down funding-fee rate. Funding fee exempt means choose yes only when official VA or lender paperwork says the funding fee does not apply. Finance funding fee means choose yes when the funding fee is rolled into the loan balance instead of paid at closing. Tax and insurance means rough monthly escrow-style costs you enter so the payment estimate is closer to a real budget.

For VA-backed purchase loans, it uses the official VA chart effective April 7, 2023: 2.15% for first use under 5% down, 3.3% for later use under 5% down, 1.5% at 5% down, and 1.25% at 10% down. If exemption is selected, the fee is $0.

The fee is added to the loan balance, so the monthly payment rises. For a $360,000 no-down first-use example, the 2.15% fee is $7,740 and the financed loan starts at $367,740.

No. VA eligibility, your Certificate of Eligibility, lender credit rules, income review, appraisal, occupancy, entitlement, and exemption status all need official review.

In plain language: The calculator estimates a common VA purchase funding-fee rate from down payment and first-use status, adds the fee to the loan if selected, then calculates monthly mortgage payment. This is purchase-loan funding-fee logic. It is not an IRRRL, cash-out refinance, manufactured-home, NADL, assumption, or Vendee-loan calculator.

Start with total monthly payment, then read principal and interest, funding fee dollars, funding-fee rate, and loan-to-value. If the fee is financed, remember the loan balance is higher.

This does not determine VA eligibility, Certificate of Eligibility status, funding-fee exemption, appraisal rules, entitlement, lender overlays, closing costs, seller concessions, tax treatment, or official loan terms. Use your VA Certificate of Eligibility, lender Loan Estimate, Closing Disclosure, appraisal, entitlement review, and VA funding-fee rules before acting on the estimate.

Check whether the lender is using first-use or subsequent-use status, whether you are fee-exempt, whether seller credits or concessions apply, and whether only the funding fee is being financed on a purchase loan.

For a VA purchase loan, the VA says you can finance only the VA funding fee into the loan amount. Other closing costs need to be paid at closing or handled through allowed credits and concessions.

The VA funding fee helps support the program, and VA-backed loans do not require monthly mortgage insurance. You still need to budget for taxes, insurance, fees, and lender rules.

No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.