VA Mortgage Calculator Online
Estimate your VA loan payment, including the VA funding fee and no PMI, right in your browser. Estimates only — not financial advice.
The VA Mortgage Calculator runs entirely in your browser. The home price, rate, funding fee, and any tax or insurance figures you enter never leave your device. Results are estimates only, not financial advice.
Open the Mortgage Calculator
About VA Mortgage Calculator
VA Mortgage Calculator estimates the monthly payment on a VA home loan, including the VA funding fee that finances into the loan balance instead of monthly mortgage insurance. It computes the base loan from your home price and down payment (VA loans allow 0% down), adds the funding fee at a default rate of 2.15%, and amortizes the total loan into a principal & interest payment — with no PMI added, unlike a conventional loan with less than 20% down. Optional yearly property tax and homeowners insurance are folded into the monthly total, and a full amortization schedule shows how the loan pays down over time. It is useful for veterans, active-duty service members, and eligible spouses comparing VA financing against a conventional or FHA loan. These figures are estimates only, not financial advice — VA funding fee rates vary by service history, down payment and loan use, and can change, so confirm final numbers with a VA-approved lender. Everything runs locally in your browser; nothing is uploaded.
Features
- Computes the base VA loan from home price and a down payment as low as 0%
- Finances the VA funding fee into the total loan balance
- Adds no PMI to the monthly payment, matching how VA loans actually work
- Adds yearly property tax and homeowners insurance as a monthly amount
- Shows base loan, funding fee, total loan, monthly principal & interest and monthly total
- Full month-by-month amortization schedule, capped for fast scrolling
- Lets you adjust the funding fee rate if your service history or down payment differs
- Runs entirely in your browser — your loan figures never leave your device
How to use the VA Mortgage Calculator
- Enter the home price and your planned down payment percent (0% is allowed for VA loans)
- Enter the annual interest rate and the loan term in years
- Adjust the VA funding fee rate if it differs from the 2.15% default
- Optionally add yearly property tax and homeowners insurance
- Read the monthly principal & interest and the monthly total
Example
Input
$300k, 0% down, 6%
Output
Funding fee: $6,450
Monthly P&I: ~$1,837
Common errors & troubleshooting
- Monthly total looks lower than a similar FHA or conventional-with-low-down quote. — VA loans have no monthly mortgage insurance — only a one-time funding fee financed into the loan — so the monthly total is naturally lower than a loan that charges PMI or MIP.
- Funding fee amount seems too small or too large. — The funding fee is a percent of the base loan (before it's added in), not the home price — confirm the funding fee rate field matches your actual service history, down payment tier and loan use.
- Interest rate entered as a decimal instead of a percent. — Enter the rate as 6 for 6%, not 0.06 — a decimal entry will produce an unrealistically low payment.
- Down payment field shows 0 and the result looks unchanged. — 0% down is valid for a VA loan and is the default — enter a percent only if you plan to put money down, which will lower both the base loan and the funding fee.
Frequently asked questions
- What does the VA Mortgage Calculator include in the monthly payment?
- Principal & interest on the total financed loan (base loan plus the VA funding fee), and any yearly property tax or homeowners insurance you enter, spread across 12 months. No PMI is added.
- How does the VA Mortgage Calculator handle the VA funding fee?
- It calculates the funding fee as a percent (default 2.15%) of the base loan, then finances that amount into the total loan balance, which is what the monthly principal & interest payment is based on.
- Does the VA Mortgage Calculator require a minimum down payment?
- No. VA loans allow 0% down, and the calculator defaults to 0% — you can still enter a larger down payment percent to see how it lowers the base loan and funding fee.
- Why doesn't the VA Mortgage Calculator add PMI?
- Real VA loans do not carry private mortgage insurance regardless of down payment — the VA funding fee, financed into the loan, replaces it. This calculator mirrors that behavior.
- Is the VA Mortgage Calculator's estimate exact?
- No — it is an estimate only, not financial advice. VA funding fee rates vary by service history, down payment and loan use, and can change, so confirm final numbers with a VA-approved lender.
- Does the VA Mortgage Calculator upload my loan numbers anywhere?
- No. Every calculation happens locally in your browser. The home price, rate, term and any tax or insurance figures you enter are not sent to ArrayKit or anywhere else.
Related tools
- Mortgage Calculator — Estimate monthly mortgage payments including principal, interest, taxes and insurance.
- FHA Loan Calculator — Estimate FHA mortgage payments including upfront and monthly mortgage insurance.
- Loan Calculator — Calculate the monthly payment, total interest and payoff of any amortized loan.
- Refinance Calculator — Compare your current mortgage to a refinance and find the break-even point.
- Down Payment Calculator — Work out the down payment, loan amount and how long to save for it.
- Amortization Calculator — Build a full loan amortization schedule showing principal and interest for each payment.
All ArrayKit tools