VA Mortgage Calculator

Use this free VA mortgage calculator to estimate monthly payment, VA funding fee, loan-to-value, and financing effect for a common VA purchase scenario.

All tools

Formula steps Estimate limits shown Examples included Private history

Home price ($)Down payment ($)Interest rate (%)Loan term (years)First VA loan use?Funding fee exempt?Finance funding fee?Annual property tax ($)Monthly insurance ($)

Estimated VA monthly payment$2,754.24

$360,000 base loan, 2.15% funding fee

Principal and interest: $2,264.24
Funding fee: $7,740.00
Funding fee rate: 2.15%
Loan-to-value: 100%

VA eligibility, exemption status, lender fees, and closing costs must be verified with official documents.

Formula steps

Calculate base loan from home price minus down payment.
Choose a common VA purchase funding-fee rate from down payment and first-use status.
Finance the fee into the loan if selected, then estimate payment.

How to use the va mortgage calculator

Enter the requested dollar amounts, rates, terms, tax settings, or contribution details.
Use rates as percentages, such as 6.5 for 6.5%, and check whether a field asks for a monthly or annual amount.
Press the calculate button to see the answer, supporting metrics, and formula steps.
Use the result as a planning estimate only, then copy it if the assumptions look right.

Common uses

Estimate payment on a VA purchase loan.

Compare first-use, subsequent-use, down payment, and exemption scenarios.

See the funding fee as a dollar amount.

Screen monthly payment before lender quotes.

Examples

First use, no down $360,000 home, first VA use, no down payment

Payment and funding fee

5% down $360,000 home with 5% down

Lower funding fee rate

Exempt fee Funding-fee exemption selected

No funding fee estimate

Frequently asked questions

Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.

When should I use the VA Mortgage Calculator?

Use it for early planning and side-by-side comparisons, especially for tasks like these: Estimate payment on a VA purchase loan. Compare first-use, subsequent-use, down payment, and exemption scenarios. Treat the answer as a planning estimate, not a final quote.

What is the VA Mortgage Calculator doing with my numbers?

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. If the result seems too high or too low, first check whether each field expects a monthly amount, annual amount, dollar value, or percent.

What does this estimate leave out?

This does not determine VA eligibility, exemption status, appraisal rules, entitlement, lender overlays, closing costs, seller concessions, or official loan terms. Real finance decisions can also depend on fees, timing, local rules, credit details, and provider-specific terms.

Does the site save my finance inputs?

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.