Free calculator
VA vs. Conventional Loan Calculator
Compare estimated VA and conventional monthly payments and five-year financing costs.
Shared national 30-year fixed-mortgage benchmark: 6.650%. Both loan types start with the same Freddie Mac PMMS benchmark, observed 2026-08-20, so this comparison invents no VA/conventional spread. Edit either field to model actual lender quotes; the benchmark is not an official VA rate.
Estimated results
- VA monthly estimate
- $2,839.74
- Conventional monthly estimate
- $3,017.86
- VA 5-year financing cost
- $140,531.94
- Conventional 5-year financing cost
- $143,154.91
Methodology
- Calculate principal and interest with fixed-rate amortization and add shared taxes, insurance, and HOA assumptions.
- Include the financed VA funding fee and user-entered conventional PMI; compare interest and financing charges over 60 months.
Independent educational estimate. This tool does not determine VA eligibility, make a credit decision, or provide a lender quote.
Authoritative sources
Rules and guidance last verified August 24, 2026.
- VA-backed purchase loan guidance
Official description of VA-backed purchase-loan features, including no required monthly mortgage insurance.
- VA funding fee and loan closing costs
Official guidance on the VA funding fee, financing treatment, and purchase closing costs.
Frequently asked questions
Is the VA vs. Conventional Loan Calculator an approval decision?
No. It is an independent educational estimate, not a VA eligibility decision, underwriting approval, or lender quote.
Where do the rules come from?
The methodology is based on the official VA sources linked below and was last verified August 24, 2026.
Should I verify the result?
Yes. Confirm costs, eligibility, rates, and underwriting treatment with VA and your lender.