VA Mortgage Calculator

Calculate your VA loan monthly payments, funding fees, and total costs with our comprehensive calculator designed for veterans, active-duty service members, and eligible spouses.

🏠 VA Mortgage Calculator

What is a VA Mortgage Calculator?

A VA mortgage calculator is a specialized financial tool designed to help eligible veterans, active-duty service members, National Guard and Reserve members, and surviving spouses estimate their monthly mortgage payments and total loan costs when using a VA home loan.

Unlike conventional mortgage calculators, this tool accounts for unique VA loan features such as zero down payment requirements, no private mortgage insurance (PMI), and the VA funding fee based on service type, prior loan use, and disability status.

The calculator provides comprehensive insights into purchasing power, helps compare different loan scenarios, and assists in planning home purchases or refinances with current 2025 loan limits and interest rates.

How to Use This Calculator

Enter the home price you're considering purchasing
Input your down payment (if any) - VA loans allow 0% down, but you can choose to put money down
Select your loan term (typically 15 or 30 years)
Enter the current interest rate (or use the default rate)
Select your VA eligibility status, whether you've used a VA loan before, and your disability rating
Choose whether to finance the VA funding fee into the loan or pay it upfront, then click Calculate to see your results

Latest 2025 VA Loan Insights

County-specific loan limits have been updated for 2025, with most high-cost areas seeing increases to accommodate rising home prices
VA funding fees remain at 2.15% for first-time use with 0% down payment, 1.5% for 5-10% down, and 1.25% for 10%+ down
Veterans with a 10%+ disability rating are completely exempt from the funding fee, saving $40-50 per month on a $300,000 loan
National Guard and Reserve members now receive the same funding fee rates as active-duty personnel, eliminating previous disparities
Jumbo loan options are available for high-cost areas, allowing eligible borrowers to exceed standard conforming limits without requiring a down payment
Interest rates remain competitively low compared to conventional loans, with VA loans typically offering 0.25-0.5% lower rates

Understanding VA Mortgage Details

VA Funding Fee Structure

The VA funding fee is a one-time payment that helps offset the cost of the VA loan program to taxpayers. The fee varies based on your service type, whether you've used a VA loan before, and your down payment amount. Veterans with a service-connected disability rating of 10% or higher, surviving spouses receiving DIC benefits, and active-duty service members receiving VA compensation for pre-discharge disabilities are exempt from this fee.

Key VA Loan Benefits

No down payment required (though lenders may have their own requirements)
Competitively low interest rates, typically 0.25-0.5% below conventional loans
No private mortgage insurance (PMI), saving hundreds of dollars per month
Limited closing costs with seller concessions allowed up to 4% of the purchase price
Lifetime reusable benefit - you can use your VA loan benefit multiple times

Important Considerations

Calculator estimates are for planning purposes only - consult with a VA-approved lender for exact figures
Prior VA loan use increases the funding fee slightly, adding approximately $20-30 per month to payments
Extending the loan term from 15 to 30 years lowers monthly payments but increases total interest paid over the life of the loan
While the VA has no minimum credit score requirement, most lenders require a score of at least 620

Frequently Asked Questions

Do I need a down payment for a VA loan?

No, VA loans do not require a down payment. However, putting money down can reduce your funding fee and monthly payments. Some lenders may have their own down payment requirements based on your financial situation.

What is the VA funding fee and can I avoid it?

The VA funding fee is a one-time payment that ranges from 1.25% to 3.3% of the loan amount, depending on your service type, down payment, and prior VA loan use. Veterans with a 10%+ disability rating, surviving spouses receiving DIC benefits, and certain active-duty members are exempt from this fee.

Can I use a VA loan more than once?

Yes, your VA loan benefit is reusable. You can use it multiple times throughout your lifetime, whether you're buying a new primary residence or refinancing an existing VA loan. However, the funding fee will be higher for subsequent uses unless you're exempt.

What are the 2025 VA loan limits?

As of 2025, there is no loan limit for eligible veterans with full entitlement. However, county-specific limits apply for veterans with partial entitlement or when purchasing in high-cost areas. Check with your lender for specific limits in your area.

How does my disability rating affect my VA loan?

Veterans with a service-connected disability rating of 10% or higher are exempt from paying the VA funding fee, which can save thousands of dollars. This exemption applies whether you finance the fee or pay it upfront.

What's included in my monthly VA loan payment?

Your monthly payment includes principal and interest on the loan, property taxes, homeowners insurance, and any HOA fees. Unlike conventional loans, VA loans do not require PMI, which can save you hundreds of dollars per month.