Estimate your monthly VA mortgage payment, including principal and interest, property taxes, homeowners insurance, HOA fees, and the VA funding fee. This VA loan calculator lets you compare down payment scenarios, see how the funding fee affects your loan amount, and understand the full monthly cost of a VA home loan before you talk to a lender.
Enter your VA loan information below.
Annual summary of interest, principal, and remaining balance.
| Year | Interest | Principal | Ending Balance |
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This VA loan calculator is designed to give you a realistic monthly payment estimate in under a minute. Follow these steps to get the most accurate result.
Type the purchase price of the home you are considering. VA loans allow $0 down, but you can enter a down payment if you plan to make one.
Choose a 30-year or 15-year term and enter the interest rate your lender quoted you. Even a small rate change can shift your monthly payment significantly.
Select whether this is your first VA loan or a subsequent use. If you have a 10%+ service-connected disability, check the exemption box to remove the funding fee.
Open the advanced panel to enter annual property tax, homeowners insurance, HOA fees, and any other recurring costs. These are divided by 12 in your monthly total.
The top number is your estimated total monthly payment. Below it, you can see exactly how much goes to principal and interest, taxes, insurance, and HOA fees.
Change the down payment, term, or rate and press Calculate Payment again. Use the Reset button to return to the default values at any time.
A VA mortgage is a home loan guaranteed by the U.S. Department of Veterans Affairs and available to veterans, active-duty service members, National Guard and Reserve members, and certain surviving spouses. The VA does not lend money directly — instead, it guarantees a portion of the loan, which encourages lenders to offer competitive rates and flexible terms. The defining benefits of a VA home loan are no down payment requirement, no monthly mortgage insurance, and limited closing costs.
This calculator estimates your full monthly VA mortgage payment by combining four components: principal and interest, property taxes, homeowners insurance, and any HOA or other recurring costs. It also calculates the one-time VA funding fee and shows whether financing that fee increases your loan amount and monthly payment. The result is a realistic picture of what you can expect to pay each month, not just the principal and interest figure.
Your monthly payment is driven by the home price, your down payment, the loan term, the interest rate, and the recurring costs you enter. The VA funding fee also matters because it is often financed into the loan, which raises the principal balance and therefore the monthly principal-and-interest portion. Local property tax rates and insurance premiums vary widely by state and county, so the numbers you enter in the advanced panel have a direct impact on the final estimate.
The calculator first determines your base loan amount by subtracting your down payment from the home price. It then looks up the VA funding fee rate based on whether this is your first or a subsequent VA loan use and how much you are putting down. If you choose to finance the fee, it is added to the base loan to produce the total loan amount. The monthly principal and interest payment is calculated using the standard amortization formula for the chosen term and rate. Property tax, insurance, HOA, and other annual costs are each divided by 12 and added to produce the total monthly payment.
Interest rate and loan term work together to determine how much of your monthly payment goes to principal and interest. A longer term, such as 30 years, produces a lower monthly payment but more total interest over the life of the loan. A shorter term, such as 15 years, produces a higher monthly payment but dramatically less total interest. VA loans are available in both fixed-rate and adjustable-rate structures, though this calculator models fixed-rate amortization.
Property taxes and homeowners insurance are not paid to the lender — they are collected monthly in an escrow account and paid on your behalf when they come due. Because these costs vary by location and property, the calculator lets you enter your own annual figures rather than assuming national averages. HOA fees and other recurring costs are treated the same way. Together, these items can add several hundred dollars per month to your payment, so entering realistic numbers is important for an accurate estimate.
The VA funding fee is a one-time cost that helps sustain the VA loan program. For a first-use purchase loan with less than 5% down, the fee is 2.15% of the base loan amount. It drops to 1.5% with 5% or more down and 1.25% with 10% or more down. Subsequent uses carry a higher rate of 3.3% with less than 5% down. Veterans receiving VA compensation for a service-connected disability, and certain surviving spouses, are exempt from the fee entirely. Because the fee is calculated on the base loan amount before any financing, financing it increases your total loan amount and your monthly payment.
This calculator produces an estimate based on the numbers you enter. Your lender’s final figures may differ for several reasons: the exact interest rate you lock, the day your loan closes (which affects prepaid interest and escrow setup), lender-specific closing costs, the precise property tax assessment for your county, and the final VA appraisal value. The funding fee rate is also subject to your Certificate of Eligibility and the loan type. Use this VA mortgage payment estimate as a planning tool, then confirm exact numbers with your lender’s Loan Estimate.
A VA mortgage payment is calculated in the same way as a conventional fixed-rate mortgage payment, using the loan amount, interest rate, and term to determine monthly principal and interest. The difference is that VA loans have no monthly mortgage insurance, and the one-time VA funding fee may be financed into the loan. The calculator adds property tax, homeowners insurance, HOA fees, and other recurring costs divided by 12 to produce the total monthly payment.
The VA funding fee is a one-time percentage of your loan amount that funds the VA loan program. For a first-use purchase loan with less than 5% down, the fee is 2.15%. It falls to 1.5% with 5% or more down and 1.25% with 10% or more down. A subsequent VA loan use with less than 5% down carries a 3.3% fee. Veterans with a service-connected disability rating of 10% or more, and certain surviving spouses, are exempt.
Yes. The VA loan program is one of the few mortgage programs that does not require a down payment for qualified borrowers. However, making a down payment of 5% or 10% lowers your VA funding fee rate, which can reduce the total cost of the loan. Use the calculator to compare a $0 down scenario with a 5% or 10% down scenario to see the difference in monthly payment and total interest.
No. VA loans do not require monthly private mortgage insurance, which is a significant cost saving compared to FHA loans and conventional loans with less than 20% down. Instead, VA borrowers pay a one-time VA funding fee at closing, which can be financed into the loan. This calculator reflects that structure by excluding mortgage insurance from the monthly payment.
First use means you have never used a VA-backed or VA direct home loan before. Subsequent use means you have used the benefit in the past. The distinction matters because the VA funding fee is higher for a subsequent use when your down payment is less than 5% — 3.3% versus 2.15%. With 5% or more down, first and subsequent use rates are the same at 1.5%, and with 10% or more down both are 1.25%.
Yes. You can pay the VA funding fee in full at closing in cash, or you can finance it into the loan and pay it off over time. Financing the fee increases your loan amount and your monthly payment, but it reduces the cash you need at closing. This calculator lets you toggle between the two options so you can see both scenarios side by side.
This calculator focuses on the monthly payment and the VA funding fee. It does not itemize closing costs such as loan origination fees, appraisal fees, title insurance, or recording fees, because those vary significantly by lender and location. Only the VA funding fee can be financed into a VA purchase loan; all other closing costs must be paid in cash at closing, though sellers may contribute up to 4% of the home’s reasonable value in concessions.
This VA mortgage calculator is for educational and estimation purposes only and does not constitute a loan offer, financial advice, or a guarantee of terms. VA loan eligibility, funding fee rates, and loan limits are set by the U.S. Department of Veterans Affairs and may change. Your actual monthly payment, interest rate, and closing costs will be determined by your lender. Always review your Loan Estimate and consult a qualified mortgage professional before making financial decisions.
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