31% Housing Ratio:
43% Debt/Income Ratio:
*Annual income needed to achieve respective ratios based on the payment you've calculated.
Be sure to include tax and insurance in your calculations for best results.
Our VA loan payment calculator calculates an accurate VA mortgage loan payment by accounting for
the appropriate VA funding fee, down payment, property taxes, and homeowner's insurance.
NOTE: Perhaps you've found this page looking for a no down payment mortgage but do not have
VA benefits. If so, there may be another option available in certain areas.
Learn more about USDA loans
Additionally, FHA loans are a great low down payment alternative.
When budgeting to buy a new home, your monthly payment calculations need to be precise.
Thank you for choosing What’s My Payment?
VA loans are mortgages guaranteed by the Department of Veteran's Affairs.
Eligible veterans and active duty military can purchase a new home with no money
down and pay no monthly
PMIPrivate Mortgage Insurance.
VA loans can be eligible for Interest Rate Reduction
Refinance Loans (IRRRL) when mortgage rates decrease.
VA loans are available to eligible veterans, active duty, reservists, and surviving spouses.
VA loans allow 100% financing (no down payment) without paying monthly PMI.
VA funding fee percentage is impacted by making a 5% or more down payment.
5% down decreases the funding fee to 1.50% (1.75% for reservists). A down payment
of 10% or more reduces the funding fee another 0.25%.
While a VA loan will finance 100% of the purchase price in most cases, it is important to know the VA loan limit in your
county when shopping for a new home.
Yes, you can have more than one VA loan, including having more than one at the same time.
If you already have a VA loan or have had a VA foreclosure or short sale, our VA entitlement calculator
demonstrates what a 2nd VA loan would look like...
VA Entitlement Calculator