US VA Home Loan Calculator

Calculate VA mortgage payments including the funding fee for eligible US veterans and service members. Compare VA loan costs to conventional financing with similar terms.

Overview

VA loans are available to eligible US veterans, active-duty service members, and surviving spouses through VA-approved lenders. They require no down payment, no private mortgage insurance, and carry competitively low rates. The main cost specific to VA loans is the funding fee, which ranges from 1.25% to 3.3% of the loan amount depending on service type, down payment made, and whether it is a first or subsequent use. The funding fee can be rolled into the loan. This calculator applies the correct funding fee based on veteran type, computes your monthly principal and interest payment using the standard amortization formula, and adds property tax, homeowners insurance, and HOA fees to show your full monthly housing cost.

How to use this calculator

Enter the home purchase price.
Enter your down payment (zero is allowed for VA loans).
Enter the current VA loan interest rate.
Select the loan term (15 or 30 years).
Select your veteran type to apply the correct funding fee.
Enter annual property tax, homeowners insurance, and monthly HOA fees.
Click Calculate to see total monthly payment, funding fee, and total interest paid.

Example calculations

Example 1: Basic Calculation

A typical scenario using default values

{
  "home_price": 300000,
  "down_payment": 0,
  "interest_rate": 6.25,
  "loan_term": 30,
  "veteran_type": "first_time",
  "property_tax_annual": 3600,
  "homeowners_insurance_annual": 1200,
  "hoa_fees_monthly": 0
}

Found an error? Report it