VA Mortgage Calculator
Calculate your VA loan payment, estimate funding fees, and understand your military benefits
VA Loan Analysis
Monthly Payment (PITI)
VA Funding Fee
Loan Cost Breakdown
Monthly Payment Breakdown
Payment Composition
🎖️ VA Loan Benefits
VA loans are designed to help veterans, active-duty service members, and eligible surviving spouses become homeowners. They offer significant advantages over conventional loans:
No Down Payment
100% financing with no PMI required
Lower Rates
Competitive interest rates
Flexible Credit
More lenient credit requirements
No PMI
No private mortgage insurance
VA Loan FAQs
What is the VA funding fee?
The VA funding fee is a one-time payment that the VA charges to guarantee your loan. It ranges from 1.4% to 3.6% of the loan amount depending on your military category, down payment, and whether it’s your first VA loan.
Who is eligible for a VA loan?
Veterans, active-duty service members, National Guard and Reserve members, and certain surviving spouses may be eligible. Generally, you need 90 consecutive days of active service during wartime, 181 days during peacetime, or 6 years in Reserves/National Guard.
Can I use a VA loan more than once?
Yes! You can use your VA loan benefit multiple times. There’s no limit to how many times you can use a VA loan, but there are limits on how much the VA will guarantee at one time.
Note: This calculator provides estimates only. Actual loan terms may vary based on your specific circumstances, lender policies, and VA loan limits in your county.