The loan amount you've calculated exceeds the 2018 VA loan limit of $453,100 for 100% financing. That's okay, but you might have to make a down payment.
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Property Tax rate: 0 Homeowner's Insurance rate: 0
Your Monthly VA Payment Today's VA Rates
Principal & Interest
VA MIP
Monthly Escrow
VA Mortgage Payment VA

VA Loan Breakdown

Purchase Price
Minimum Down Payment 3.5%
Your Down Payment
Down Payment Percentage
VA Base Loan Amount
VA Funding Fee

How to use our VA loan calculator:

NOTE: Perhaps you've found this page looking for a no down payment mortgage but do not have VA benefits. If so, there is another no down payment option available in certain areas. Additionally, FHA loans are a great low down payment alternative.

More VA Calculators

About VA Loan Calculator

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.

When budgeting to buy a new home, your VA monthly payment calculations need to be precise. Thank you for choosing What’s My Payment?

VA Loan Summary

What is a VA loan?

Girl holding American flag

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 PMI. VA loans can be eligible for Interest Rate Reduction Refinance Loans 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%.

2017 VA Loan Limit Lookup Tool

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.

VA Entitlement Calculator

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