VA Loan Calculator

Your details

The purchase price (or appraised value for a refinance).
USD
VA loans allow 0 % down; any amount you put down reduces your loan and funding fee.
USD
Current VA purchase rates are often 0.25-0.5 % below conventional rates.
%
IRRRL (Interest Rate Reduction Refinance Loan) carries the lowest funding fee at 0.50 %.
Surviving spouses of veterans who died in service or from a service-connected disability pay no funding fee.
Subsequent use (any down payment) carries a 3.30 % funding fee.
Veterans with a VA disability rating of 10 % or more are exempt from the funding fee.
When financed, the funding fee is rolled into the loan amount, increasing your principal slightly.
Roughly 0.5-2.5 % of home value per year depending on state.
USD
USD
Leave at 0 if no homeowners association applies.
USD
An extra payment applied to principal each month; accelerates payoff and cuts total interest.
USD
Monthly P&I
$2,259.80

Principal and interest payment (excludes taxes, insurance, HOA)

Total monthly payment (PITI)$2,651.47
VA funding fee$7,525.00
Total loan amount$357,525.00
Total interest paid$456,003.43
Total cost of loan$813,528.43
Funding fee rate0.02%
Loan amount$357,525.00
Total interest$456,003.43
Funding fee$7,525.00

Estimated payment: $2,651 / month (PITI)

  • Your principal and interest payment is $2,260 per month; with taxes, insurance, and HOA it comes to $2,651 per month.
  • The VA funding fee is $7,525 (2.15 %). VA loans still require no private mortgage insurance (PMI), which saves many borrowers more than the funding fee over time.
  • A 5 % down payment ($17,500) would lower your funding fee rate and reduce total interest paid.
  • Total interest over the life of this loan is $456,003. Extra monthly payments directly reduce this figure.

Next stepGet a Loan Estimate from at least two VA-approved lenders to compare rates, fees, and closing costs. Even a 0.25 % rate difference on a $350,000 loan saves about $17,000 in interest over 30 years.

 = Powered by OnlyCalculators