Use our VA home loan calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the purchase price, down payment, and loan details to see a detailed breakdown and payment schedule for your VA loan.
Get pre-qualifiedNo credit impact
Your estimated total monthly VA loan payment:
(principal + interest + taxes + insurance + HOA + VA funding fee)
$0.00
VA funding fee:
$0.00
Sum of mortgage payments:
$0.00
Total interest paid:
$0.00
Monthly mortgage payment (principal + interest):
$0.00
No credit impact
A VA loan is a mortgage option partially backed by the U.S. Department of Veterans Affairs (VA). It’s designed to help eligible veterans, active-duty service members, and their families purchase, build, repair, or refinance a primary residence, often with favorable terms like no down payment and competitive interest rates.
Eligible candidates include:
To qualify for a VA-backed loan, you may need to meet additional standards like suitable credit, sufficient income, and a valid Certificate of Eligibility (COE). Find a VA lender near you to get pre-qualified for a VA loan.
The VA offers four main types of loans: three VA-backed loans and one VA direct loan.
VA-backed loans are seen as less risky by lenders, making it easier for you to secure favorable mortgage terms. Key benefits include:
VA loan limits refer to the amount the VA guarantees to pay your lender if you default, not the maximum amount you can borrow. As of 2020, eligible borrowers with full entitlement have no VA loan limits. This means the VA guarantees up to 25% of loans over $144,000 if you default. You have full entitlement if:
If you have remaining entitlement, your VA loan limit depends on your county’s loan limit. You might have remaining entitlement if:
With remaining entitlement, the VA covers up to 25% of your county loan limit minus the amount of entitlement already used. You can use this remaining entitlement alone or combine it with a down payment for another VA loan.
Most VA loan borrowers, including veterans, active-duty service members, and National Guard and Reserve members, are required to pay a one-time funding fee. This fee helps keep the VA loan program running and lowers costs for taxpayers. Some veterans with service-related disabilities may be exempt. The funding fee can be paid upfront at closing or rolled into your loan. Here’s a breakdown of the VA funding fee rates based on the type of loan:
The funding fee rate depends on your down payment amount and whether it’s your first time using a VA loan. If you previously used a VA loan to buy a manufactured home, you’ll still pay the first-time use rate.
| Down payment | Funding fee amount (first-time use) | Funding fee amount (after first use) |
|---|---|---|
| Less than 5% | 2.3% | 3.6% |
| 5% or more | 1.65% | 1.65% |
| 10% or more | 1.4% | 1.4% |
The funding fee rate remains the same regardless of your down payment amount. For manufactured homes, the first-time use rate applies.
| Funding fee rate (first-time use) | Funding fee rate (after first use) |
|---|---|
| 2.3% | 3.6% |
The funding fee doesn’t vary based on down payment or past loan usage; it only changes depending on whether the loan is for a purchase or refinance.
| Type of use | Funding fee rate |
|---|---|
| Purchase | 1.25% |
| Refinance | 0.5% |
The funding fee rate remains consistent regardless of down payment amount or previous VA loan usage.
| Loan type | Funding fee rate |
|---|---|
| Interest Rate Reduction Refinancing Loan (IRRRL) | 0.5% |
| Manufactured home loans (not permanently affixed) | 1% |
| Loan assumptions | 0.5% |
| Vendee loan, for purchasing VA-acquired property | 2.25% |
Kassa’s VA loan calculator helps you quickly estimate your monthly mortgage payment, including principal, interest, taxes, and insurance (PITI). Here’s how to use it:
Home Price
Enter the price you plan to pay for your home. A lower price can reduce your monthly payment. Input this into Kassa’s VA loan calculator.
Down Payment
While VA loans often require no down payment, adding one can lower your borrowing amount and reduce the VA funding fee. Adjust the default $0 setting as needed.
ZIP Code
Enter your ZIP code to account for county-specific VA loan limits, which helps determine if a down payment is needed.
Loan Program
Choose between 30-year fixed, 15-year fixed, and 5-year ARM options. A 30-year fixed has lower monthly payments but more interest over time compared to a 15-year fixed.
Interest Rate
The annual percentage paid to your lender for the loan. The calculator uses the current national average VA mortgage rate, but your actual rate may vary based on your credit score and other factors. Shop around for the best rate.
