Purchase Price (-) Down Payment (+) VA Funding Fee
VA Funding Fee
One time fee paid to the VA to fund the loan. Calculated by type of service, loan amount, amount down and subsequent VA Loan usage.
Estimated Taxes Insurance
Property Taxes are estimated at 1.2% of the home’s value. Annual homeowners insurance is roughly 0.35% of the home’s value but can vary based on insurer.
This VA Home Loan calculator provides a broad estimate of your monthly mortgage payments. More deductions may be available to you.
Please note, this information is for your educational use only and rates and terms are subject to the policies of a lender.
How the VA Loan Calculator Works
Our VA Loan Calculator gives you the opportunity to quickly and easily calculate your monthly payment for different loan amounts and home values. The calculator also determines your VA Funding Fee and factors that into your payment estimate.
VA Funding Fee Explained
The VA Funding Fee is paid directly to the Department of Veteran’s Affairs and is the reason they can guarantee this no-money-down loan program. The Funding Fee is automatically financed in your VA Loan and calculated into your payments. The amount of the Funding Fee is determined by 4 factors:
- loan amount,
- type of service,
- down payment (if any),
- and whether or not you have used your VA Loan in the past.
Active Duty / Retired
No Down Payment Necessary
The VA Loan requires no down payment, making it the most popular choice for loan programs among our Nation’s past and present Military.
Term of Loan
VA Home Loans are available in 15- and 30-year terms. The most popular term for a VA Home Loan is 30-years because it lowers the payments substantially. The 15 year loan comes with a higher monthly payment, but also less interest paid out over the life of the loan.
Veterans United is a leader in the VA Loan industry, financing more than $10.3 billion in VA home loans for 2016.
VA Loan Experts
Industry-leading experts with extensive training on VA eligibility and the VA Loan process
Endorsed by Military Leaders
Partners with the top senior enlisted leaders of each branch of the military to raise awareness of VA Loan benefits
Get to Closing Quicker
In-house underwriters, processors and closers utilize state-of-the-art tracking technology that ensures fast turnarounds
VA Approved Lender
A+ Rating with the Better Business Bureau
2013 Winner of the Better Business Bureau Torch Awards for Ethics
- Chicago Tribune
- Los Angeles Times
- Yahoo! Finance
- US News
- CNN Money
- The New York Times
- Inc. 500
Copyright © 2016 Mortgage Research Center, LLC. All Rights Reserved.
A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. We may share customer information with our trusted affiliates to assist you with your VA Loan. Customers with questions regarding our loan officers and their licensing may visit the Nationwide Mortgage Licensing System Directory for more information. Equal Housing Lender.
Not available in NY
1400 Veterans United Drive. Columbia. MO 65203 | NMLS ID #1907 (www.nmlsconsumeraccess.org )