VA Loan Calculator

Verify your VA loan homebuying eligibility here.

More: VA Cash-outVA IRRRL

The loan amount you've calculated exceeds the VA loan limit of for 100% financing. That's okay, but you might have to make a down payment if you aren't buying in a high-cost area.

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Property Tax rate: 0 Homeowner's Insurance rate: 0

VA Calculations ~ benefits.va.gov
Estimated tax rates for demonstration purposes only ~ tax-rates.org

Your Monthly VA Payment Get a More Accurate Estimate
Principal & Interest
Monthly Escrow Escrow is a portion of your monthly payment that goes into an account with your mortgage holder that is used to pay your property taxes and annual homeowner's insurance.

VA loans do not require escrow to be included in your mortgage payment. However, most VA approved lenders WILL require it.

(see Chapter 9 here)
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 The standard VA funding fee is 2.15% the first time VA benefits are used. The VA calculator computes it for you based on your responses to the funding fee questions.

For further reading we detail VA funding fees here.
Income Guide
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.

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VA Loan Payment 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.

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 here. 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?

More VA Calculators

What is a VA loan?

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%.

2017 VA Loan Limit Look-up Tools

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

How to use our VA loan calculator: