VA Home Loan Calculator

Start by answering these three VA loan questions using the drop-down menus:

1. Select your funding fee exemption status
2. Select your Military type
3. Indicate if this is the first time you are using your VA benefit 

Next, input the total purchase price of your new home, followed by the amount of your down payment — the money you’re paying in advance that will not be included in the loan amount. 

Now enter two figures related to your mortgage: The term of the loan in years and the mortgage interest rate you’ll be paying. (If you have an adjustable-rate mortgage, this percentage will change over the course of your loan, which means your monthly mortgage payment will also change.) 

Your VA Funding Fee will be calculated automatically based on your selections. 

If you want to calculate property taxes, insurance and other fees, continue to the next section. 

Start by choosing your credit score range from the drop-down menu. 

Next, enter the estimated monthly property tax in dollars. Your real estate agent should be able to provide you with this figure, or you can look up your local tax rate and use that percentage to reach a dollar amount based on the property’s assessed value. (Note that this is different from the purchase price and is determined by your local assessor’s office.)    

Enter your monthly home insurance cost — ask your real estate agent for an appropriate estimate for your home’s location and value — and, if applicable, homeowners association (HOA) monthly dues. These costs will also be rolled into your monthly mortgage payment. 

The display will show your estimated monthly payment breakdown. 

A VA home loan is a mortgage that’s guaranteed by the U.S. Department of Veterans Affairs (VA). This guarantee helps us offer qualified Veterans, Active-Duty Military and others more favorable terms on a home loan or mortgage refinance. 

You don’t need to be a first-time homebuyer to receive VA mortgage benefits. If you remain in good standing without foreclosure, you can reuse the loan on other home purchases. And typically, it doesn’t require a down payment — making it easier for our heroes to get the home they want.  

The VA loan requirements include the following: The Veteran, Active-Duty Military or other qualified individual must be the personal occupant of the home and must have sufficient income, suitable credit and a valid Certificate of Eligibility (COE). To obtain a COE, you must have been discharged under conditions other than dishonorable and meet certain service requirements.