Resource
VA Loan Calculator
The VA home loan calculator below provides estimated monthly mortgage payments with a VA loan.
VA Loan Calculator
Estimate your VA loan payments and benefits as a service member or veteran
Loan Details
The current market value of the home you wish to purchase.
$
VA loans can be obtained with $0 down, but making a down payment can reduce your funding fee.
$
%
VA loans typically offer 15 or 30 year terms.
VA loans often offer competitive interest rates compared to conventional loans.
%
Additional Costs
Property tax varies by location, typically 0.5–2.5% of home value.
$
%
Home insurance is required for VA loans.
$
Homeowners Association fees, if applicable.
$
VA Loan Details
Your service type affects your VA funding fee rate.
First-time use of VA loan benefits has a lower funding fee than subsequent use.
Total Monthly Payment
$0
Loan Amount
$0
VA Funding Fee
$0
Payoff Date
—
Payment Breakdown
Principal & Interest
$0
Property Tax
$0
Home Insurance
$0
HOA Fees
$0
Loan Summary
Total Loan Cost
$0
Total Interest Paid
$0
Total Loan Amount
$0
VA Loan Benefits
- ✓No down payment required (vs. 3–20% for conventional loans)
- ✓No private mortgage insurance (PMI) required
- ✓Competitive interest rates compared to conventional loans
- ✓Limited closing costs and fees
Payments Over Time
Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Principal | Total Interest | Balance |
|---|
Ready to Take the Next Step?
Connect with our network of VA loan specialist lenders and military-friendly real estate agents who understand your unique needs and benefits.
Find Recommended VA Lenders & AgentsVA Funding Fee Calculator
The VA funding fee is a one-time payment that helps lower the cost of the loan for U.S. taxpayers since the VA home loan program doesn't require down payments or monthly mortgage insurance.
The total loan amount before the funding fee is added.
$
Down payment percentage affects your funding fee rate. 5%+ or 10%+ reduces the fee.
%
Original Loan Amount
$300,000
Total Loan with Fee
$306,450
Funding Fee Rate Table
| Down Payment | Regular Military | Reserves/Guard |
|---|---|---|
| Less than 5% | First: 2.15% / Sub: 3.30% | First: 2.40% / Sub: 3.60% |
| 5% – 9.99% | 1.50% | 1.75% |
| 10% or more | 1.25% | 1.50% |
| Disabled Veteran | EXEMPT — No funding fee | |
Ready to Take the Next Step?
Connect with VA loan specialists who can help you navigate your funding fee and get the best rate.
Find Recommended VA Lenders & AgentsMaximum Loan Calculator
Estimate how much you may be able to borrow based on your income, debts, and preferred DTI ratio.
While VA loans don't have an official maximum DTI, most lenders impose their own limits. Higher DTI may be available with strong compensating factors.
Your gross annual household income before taxes.
$
Total monthly payments for credit cards, car loans, student loans, etc.
$
Loan Details
%
%
$
$
Estimated Maximum VA Loan
$0
Max Home Price
$0
Max Monthly Payment
$0
DTI Comparison
| DTI Ratio | Max Loan Amount | Max Monthly Payment |
|---|
Debt-to-Income Analysis
0%36%41%60%
Your current DTI: —
VA Loan Qualification Factors
- ℹCredit Score: While VA doesn't set a minimum, most lenders require at least 620.
- ℹDebt-to-Income Ratio: VA typically allows up to 41% DTI; some lenders go higher.
- ℹResidual Income: VA also requires sufficient income remaining after all bills, based on family size and region.
- ℹEmployment History: Lenders typically look for stable employment for at least 2 years.
Ready to Take the Next Step?
Connect with VA loan specialists who can give you a precise qualification estimate.
Find Recommended VA Lenders & AgentsProperty Details
$
%
🏅 VA Loan Inputs
VA loans allow $0 down. A higher down payment reduces the funding fee.
%
🏦 Conventional Loan Inputs
Conventional loans typically require at least 3–5%. PMI is required below 20%.
%
%
Credit score affects PMI rates on conventional loans.
🏅 VA Loan Details
Loan Amount$0
Down Payment$0
Funding Fee$0
Total Loan (w/ fee)$0
Monthly Payment$0
Interest Rate6.25%
Total Interest$0
PMI RequiredNo
🏦 Conventional Loan Details
Loan Amount$0
Down Payment$0
PMI (Monthly)$0
Total Upfront$0
Monthly Payment$0
Interest Rate6.50%
Total Interest$0
PMI Required—
Ready to Take the Next Step?
Connect with VA loan specialists who can help you lock in the best rate and maximize your military benefits.
Find Recommended VA Lenders & AgentsPayment Calculator
— · —
From Military to Millionaire
Page 1 of 5
Page 1 of 5
Total monthly payment
$0
Loan Amount
$0
VA Funding Fee
$0
Payoff Date
—
Loan details
| Home Value | — |
| Down Payment | — |
| Base Loan Amount | — |
| VA Funding Fee | — |
| Total Loan Amount | — |
| Interest Rate | — |
| Loan Term | — |
| Service Type | — |
Monthly breakdown
| Principal & Interest | — |
| Property Tax | — |
| Home Insurance | — |
| HOA Fees | — |
| Total | — |
Total loan cost
—
Total interest paid
—
Total loan amount
—
Your VA loan benefits
✓No down payment required
✓No private mortgage insurance (PMI)
✓Competitive interest rates
✓Limited closing costs
Ready to take the next step?
Connect with our recommended VA loan specialists
Find a lender →
Amortization Schedule
— · —
From Military to Millionaire
Page 2 of 5
Page 2 of 5
Total loan amount
$0
Interest Rate
0%
Loan Term
—
Total Interest
$0
Year-by-year amortization
| Year | Principal Paid | Interest Paid | Cumul. Principal | Cumul. Interest | Remaining Balance |
VA Funding Fee
— · —
From Military to Millionaire
Page 3 of 5
Page 3 of 5
Your VA funding fee
$0
—
Original loan amount
—
Total loan with fee
—
Funding fee rate table
| Down Payment | Regular Military | Reserves / Guard |
| Less than 5% | First: 2.15% / Sub: 3.30% | First: 2.40% / Sub: 3.60% |
| 5% – 9.99% | 1.50% | 1.75% |
| 10% or more | 1.25% | 1.50% |
| Disabled Veteran | EXEMPT — No funding fee | |
What is the funding fee? A one-time payment that helps sustain the VA loan program for future veterans. It can be rolled into your loan amount — no out-of-pocket cost at closing required.
Ready to take the next step?
Our lenders can help you navigate your funding fee options
Find a lender →
Maximum Loan Amount
— · —
From Military to Millionaire
Page 4 of 5
Page 4 of 5
Estimated max VA loan
$0
Max Home Price
$0
Max Monthly Payment
$0
DTI Used
41%
Your inputs
| Annual Income | — |
| Monthly Debts | — |
| Interest Rate | — |
| Loan Term | — |
| Property Tax Rate | — |
| Home Insurance | — |
DTI comparison
VA loans don't have an official maximum DTI. Strong compensating factors (credit score, residual income) may allow higher ratios.
Qualification factors
| Credit Score | Most lenders require 620+; higher scores improve terms and rates |
| DTI Ratio | VA allows up to 41%; some lenders go higher with a strong profile |
| Residual Income | Income remaining after all bills; varies by family size and region |
| Employment | Stable employment for at least 2 years typically required |
Get a precise qualification estimate
VA loan specialists can give you an exact number based on your full profile
Find a lender →
VA vs. Conventional Loan
— · —
From Military to Millionaire
Page 5 of 5
Page 5 of 5
VA Loan
Loan Amount—
Down Payment—
Funding Fee—
PMINone
Interest Rate—
Total Interest—
Monthly Payment—
Conventional Loan
Loan Amount—
Down Payment—
PMI (Monthly)—
PMI Required—
Interest Rate—
Total Interest—
Monthly Payment—
Why VA wins for most veterans
✓$0 down vs. large upfront cash requirement
✓No PMI — saves hundreds per month
✓Typically lower interest rates than conventional
✓Easier qualification with flexible DTI guidelines
Lock in your VA loan rate today
Maximize your military benefits with our recommended lenders
Find a lender →
VA Loan Basics
VA loans are a government-backed mortgage program designed specifically for veterans, military members, and select military spouses with a valid Certificate of Eligibility (COE). They offer various benefits, including the flagship benefits of $0 down, no private mortgage insurance (PMI), and typically lower-than-average interest rates.
VA Loan Calculator vs. Broad Mortgage Calculator
Calculating monthly payments for a VA loan is similar to other mortgage options, but it’s not the same. VA loans have unique factors that affect the payment accuracy, including the VA funding fee, VA disability rating, prior VA loan usage and the loan type.
The Military Millionaire VA loan mortgage calculator considers these factors and more to more accurately estimate your purchasing power with a VA loan.
How to Use the VA Loan Calculator
To use the VA loan calculator, adjust the inputs to fit your unique homebuying situation. The calculator updates your estimated VA loan payment as you change the fields. You can also update your specific location’s property taxes and insurance estimates!
Frequently Asked Questions - VA Loan Mortgage Calculator
The funding fee is a governmental fee paid to the Department of Veterans Affairs to help keep the VA loan program running for years to come. The VA funding fee ranges from .5 to 3.3 percent and not every borrower is required to pay it. For example, if you have received a 10%+ VA disability rating, the funding fee is waived.
An amortization schedule for a VA loan is a breakdown of your monthly VA mortgage payments over the life of the loan. Amortization tables typically break down the principal and interest paid over time.
There are a variety of factors that play into the calculation of your monthly loan payment. Typically, the factors affecting your monthly payment include the home price, down payment, interest rate, and if you have to pay the VA funding fee.
As with any mortgage calculator, these numbers are estimates. To get exact figures, talk with one of our recommended VA loan specialists!
Yes, if you would like a mentorship and accountability group, to help you achieve your goals, checkout The War Room Mastermind group. It is the largest military investing community in the world, and our members rave about us!
