VA Mortgage Calculator
Estimate your full monthly VA loan payment — including the VA funding fee, property taxes, insurance, and HOA dues.
Loan information
$0 — 0% of the price. VA loans allow $0 down.
VA loan details
Adds the fee to your loan amount instead of paying it at closing.
Your Estimated Monthly Payment
Estimated$3,099.30/ month
Based on a $408,600 loan at 6.500% over 30 years.
A $400,000 home with no money down works out to about $3,099 a month — $2,583 of that is principal and interest, and $517 is taxes, insurance and dues.
Breakdown of estimated monthly payment
Loan details
Estimate only. Not a loan approval, loan offer, or financial advice. Funding fee rates follow the official VA rate chart (last verified August 31, 2026).
Estimated total monthly payment
$3,099/ mo
What if the rate changed?
The same loan amount and term at a half point lower and higher than the rate you entered.
| Interest rate | Principal & interest | Total payment | Change from current |
|---|---|---|---|
| 6%(−0.50%) | $2,449.76 | $2,966.43 | Save $132.87 / mo |
| 6.50%(current) | $2,582.63 | $3,099.30 | — |
| 7%(+0.50%) | $2,718.43 | $3,235.09 | + $135.80 / mo |
What this calculator does
It builds your monthly VA loan payment the same way a lender does: it turns the home price and down payment into a base loan amount, applies the VA funding fee, amortizes the resulting loan over your term, and then adds the monthly escrow items — property taxes, homeowners insurance, HOA dues, and anything else you enter.
Because VA loans carry no monthly mortgage insurance, that is the entire payment. There is no PMI line to add.
How the calculation works
1. Base loan amount
Home price minus your down payment.
2. VA funding fee
Your funding fee percentage depends on whether this is your first or a subsequent use of the VA loan benefit and how much you put down (0%, 5% or more, or 10% or more). The fee is a percentage of the loan amount, not of the purchase price. If you are exempt, the fee is zero.
3. Final loan amount
Base loan plus the funding fee if you finance it. On a VA purchase loan, the funding fee is the only closing cost you are allowed to roll into the loan.
4. Principal & interest
The standard amortization formula: P × r ÷ (1 − (1 + r)−n), where P is the final loan amount, r is your monthly rate (annual rate divided by 12), and n is the number of months.
5. Monthly escrow and dues
Annual taxes and insurance are divided by 12; HOA and other costs are already monthly.
VA-specific things worth knowing
- No monthly mortgage insurance, at any down payment amount. This is usually the biggest monthly advantage over a conventional loan.
- A 5% or 10% down payment lowers your funding fee percentage. On a subsequent use, going from 0% down to 5% down cuts the fee more than in half.
- Exempt borrowers pay no funding fee at all — commonly veterans receiving VA compensation for a service-connected disability, and surviving spouses receiving DIC.
- VA has no loan limit for borrowers with full entitlement, though your lender still limits you by income, credit, and the appraised value.
- Only the funding fee can be financed on a purchase loan. Other closing costs must be paid at closing, by seller concessions, or by lender credit.
Limitations of this estimate
- Property tax and insurance figures are your inputs, not verified county or carrier numbers.
- It assumes a fixed interest rate and a fully amortizing loan with no extra payments.
- It does not include closing costs, prepaid escrow deposits, or cash needed at closing.
- It does not evaluate credit, residual income, entitlement, or lender overlays, so it cannot tell you whether you qualify.
To sanity-check the fee itself, use the VA Funding Fee Calculator. To work backwards from your income, try the VA Affordability Calculator.
Common questions
Does a VA loan require mortgage insurance?
No. VA-backed loans have no monthly mortgage insurance, which is why a VA payment is often lower than a conventional payment at the same rate and price. Instead, most borrowers pay a one-time VA funding fee.
Should I finance the VA funding fee or pay it at closing?
Financing the fee keeps cash in your pocket but raises your loan balance and your monthly payment, and you pay interest on it for the life of the loan. Paying it at closing costs more up front and keeps the payment lower. Try both settings in the calculator and compare.
Do I need a down payment on a VA loan?
Usually no. Eligible borrowers can finance 100% of the purchase price up to the appraised value. A down payment of 5% or 10% is optional, but it does reduce the funding fee percentage and lowers the amount you finance.
Why is my lender's quoted payment different?
Lenders use your actual county tax assessment, an insurance quote for the specific property, and a locked interest rate. They may also collect escrow cushions at closing. Treat this calculator as a close estimate, not a quote.
Are property taxes and insurance included in a VA payment?
In most cases yes. Lenders typically escrow taxes and homeowners insurance and collect them monthly along with principal and interest, which is what this calculator's total reflects.
Sources and last verified
- VA funding fee rates: VA.gov funding fee and closing costs
- Rates effective April 7, 2023. Last verified August 31, 2026.
- Payments use standard amortization. No lender-specific pricing is applied.
Veteran Home Calc is an independent educational site. It is not affiliated with or endorsed by the U.S. Department of Veterans Affairs, and it does not sell leads or collect your numbers — results are estimates, not loan approvals, offers, or financial advice.