Free calculator
VA Loan Calculator
Estimate a VA mortgage payment with the funding fee, taxes, insurance, and HOA dues.
Loan and housing details
Results update immediately. All assumptions remain editable.
National fixed-mortgage benchmark: 6.650%. 30-year observation dated 2026-08-20; Freddie Mac Primary Mortgage Market Survey. This is a generic national benchmark, not an official VA rate or borrower-specific quote.
Editable housing-cost assumptions
Enter annual taxes and insurance directly; no ZIP-based estimates are used.
Estimated monthly housing payment
$3,173.07
- Principal and interest
- $2,623.07
- Property tax
- $400.00
- Homeowners insurance
- $150.00
- HOA
- $0.00
Loan summary
- Purchase price
- $400,000.00
- Down payment (0.00%)
- $0.00
- Base loan amount
- $400,000.00
- VA funding fee (2.15%)
- $8,600.00
- Final financed loan
- $408,600.00
- Funding fee due at closing
- $0.00
Full-term amortization summary
- Total principal
- $408,600.00
- Total interest
- $535,704.65
- Total principal + interest
- $944,304.65
Excludes maintenance, utilities, and other closing costs. Totals assume the displayed rate and scheduled payments for the full term.
What this VA loan calculator estimates
Estimate a fixed-rate VA purchase loan payment using an editable rate, current VA purchase funding-fee rules, and housing-cost assumptions you provide. The primary result combines principal and interest with monthly property tax, homeowners insurance, and HOA dues.
Methodology
- Base loan amount equals purchase price minus down payment.
- The shared VA funding-fee engine selects the current purchase rate using down-payment tier, first or subsequent use, and exemption status.
- A financed funding fee is added to principal; an upfront fee is reported as cash at closing.
- Monthly principal and interest use the standard fixed-rate amortizing-payment formula: principal × monthly rate × (1 + monthly rate)n ÷ ((1 + monthly rate)n − 1). At 0% interest, principal is divided evenly across payments.
- Annual taxes and insurance are divided by 12, then added to monthly principal and interest and HOA dues. VA results do not include PMI.
Assumptions and limitations
- The interest rate is an editable planning assumption, not a borrower-specific lender quote.
- Taxes, insurance, and HOA are user-entered assumptions and may change.
- The amortization summary assumes the same rate and scheduled payments for the full term.
- The estimate excludes discount points, other closing costs, utilities, maintenance, and prepaid or escrow adjustments.
Sources
- VA funding fee and loan closing costsU.S. Department of Veterans Affairs
Consumer guidance, exemption criteria, calculation basis, and current rate table.
- VA Circular 26-23-6, Exhibit BVeterans Benefits Administration
Purchase and construction loan fee table effective April 7, 2023.
- VA Circular 26-23-6, Change 2Veterans Benefits Administration
Updates the table to apply to loans closing before June 9, 2034.
- Freddie Mac 30-year national mortgage benchmarkFreddie Mac Primary Mortgage Market Survey, series MORTGAGE30US
Observation date 2026-08-20; last verified 2026-08-24; retrieved via Federal Reserve Bank of St. Louis (FRED). This generic national fixed-mortgage benchmark is not a VA rate or lender quote.
- Freddie Mac 15-year national mortgage benchmarkFreddie Mac Primary Mortgage Market Survey, series MORTGAGE15US
Observation date 2026-08-20; last verified 2026-08-24; retrieved via Federal Reserve Bank of St. Louis (FRED). This generic national fixed-mortgage benchmark is not a VA rate or lender quote.
Funding-fee rules last verified 2026-08-24. Rule version 2023-04-07-change-2.
Frequently asked questions
What is included in the estimated monthly payment?
The estimate includes monthly principal and interest, property taxes, homeowners insurance, and HOA dues entered by the user. It excludes utilities, maintenance, and other costs not listed.
Does a VA loan require PMI?
VA-backed loans do not require monthly private mortgage insurance. A one-time VA funding fee may apply unless the borrower is exempt.
Is the displayed interest rate a quote?
No. It is an editable national market planning assumption from the site's local fallback data. A lender determines the rate available to a particular borrower.
How does financing the VA funding fee affect the payment?
When financed, the fee is added to the base loan and included in principal-and-interest calculations. When paid upfront, it is shown as due at closing and does not increase the financed balance.
Does this calculator determine VA loan eligibility?
No. It is an independent educational estimate and does not determine eligibility, approval, underwriting, or exact closing terms.