VA Loan Calculator

Use this VA loan calculator to estimate a monthly payment for a VA-style mortgage scenario. It uses home price, down payment, interest rate, loan term, annual property tax, annual home insurance, monthly HOA fees, and VA funding fee percentage.

How to use this calculator

Enter the home price and down payment, then add the interest rate and loan term in years. Include annual property tax, annual home insurance, monthly HOA fees, and the VA funding fee percentage that applies to your scenario. The calculator returns monthly payment, funding fee amount, total payment, total interest, and a payment breakdown.

Formula

The funding fee is added to the financed loan amount:

$loan\ amount = home\ price - down\ payment + funding\ fee$

Principal and interest use the standard mortgage payment formula:

$payment = P \times r \times (1 + r)^n \div ((1 + r)^n - 1)$

The calculator then adds monthly property tax, insurance, and HOA fees.

Worked example

For a 350,000 dollar home with no down payment and a 2.3 percent funding fee, the financed fee is 8,050 dollars and the loan amount is 358,050 dollars. At 6.25 percent for 30 years, principal and interest are about 2,204.58 dollars per month before tax, insurance, and HOA fees.

Important context

This calculator does not confirm VA eligibility, exemption status, county limits, residual income requirements, or lender overlays. Compare with the mortgage calculator, loan calculator, and debt-to-income calculator before reviewing official lender disclosures.