How to use the VA Mortgage Calculator
The VA mortgage calculator estimates payments for a VA-backed loan including the funding fee.
Open the VA Mortgage Calculator →
What you need to enter
- Home price ($)
- Down payment (%)
- Rate (%)
- Term (years)
- VA funding fee (%)
- Property tax ($ / year)
- Insurance ($ / year)
The formula
Loan = price − down + funding fee. Payment uses the standard loan formula plus taxes and insurance.
Worked example
Using the default values in the calculator:
- Home price ($): 350000
- Down payment (%): 0
- Rate (%): 6.25
- Term (years): 30
- VA funding fee (%): 2.15
- Property tax ($ / year): 3500
- Insurance ($ / year): 1200
| Total monthly payment | $2,593.01 |
| Principal & interest | $2,201.34 |
| Funding fee (financed) | $7,525.00 |
| Loan amount | $357,525.00 |
Tips for better results
- The funding fee varies by use and down payment, and may be waived for some.
- VA loans usually need no mortgage insurance.
Common mistakes to avoid
- Using the wrong funding fee.
- Ignoring eligibility rules.
Please note: Calculators and guides give general estimates, not financial, tax or investment advice. Real offers depend on your lender, location and personal situation. See our Disclaimer.