VA Loan Calculator

What kind of home can you afford through your VA home loan benefit?

Home loan and mortgage offerings can vary dramatically, based on your lender, location, loan type and loan amount, to name some factors.

That's why it is best to shop multiple loan providers to get comfortable with the lingo, options and requirements. Use this calculator to estimate your payments for different scenarios and find providers that offer VA loans and/or conventional mortgages and work with both active military and veterans.

If you're looking to compare actual rate quotes now, our VA Loan finder will match you with up to five personalized quotes from different lenders, with no obligation or credit check required.

Why You Should Use a VA Loan Calculator

Your VA loan is one of your most valuable military benefits, and a VA loan calculator is a great place to get started. That’s because not only can you learn how VA loan use might impact your finances, but using a VA loan calculator also can get you one step closer to shopping for the right VA loan lender.

Calculate your VA loan rate in minutes.

Using the VA Loan Calculator

The loan calculator is a great place to start if you're unsure where to begin when estimating your VA home loan payments.

Adjust the required fields to fit your home buying situation, and the calculator will immediately update the estimated monthly loan payment.

Loan Calculator Details

Home Value

The potential purchase price of the home. This does not include your down payment.

Down Payment

Your down payment is the amount you pay up front towards your loan principal. There is no down payment required for VA loans. However, putting money down can reduce the VA funding fee and your monthly payment.

Credit Rating

Interest rates vary based on a number of factors, including credit score. Enter your estimated credit score for a more accurate VA loan payment.

Interest Rate

The interest rate is a percentage of the amount borrowed charged to the borrower. Your ultimate interest rate may differ; rates in the calculator are for informational purposes only.

Loan Term

Loan term is the length of time you wish to borrow. This is typically 15 or 30 years.

Property Tax

Property tax is generally about 1.2% of the home's value. The property tax may vary by location.

Homeowners Insurance

Homeowners insurance is typically 0.35% of the home’s value. The rate can vary based on the insurer.

The VA Loan Process

Once you’ve used the VA loan calculator to understand what you can afford and are ready to leverage the VA loan benefit you earned through your military service, it will be helpful to learn about the VA loan process.

Steps in the VA Loan Process

Get your Certificate of Eligibility (COE)
Find a VA home loan lender
Find a home
VA loan processing
Close on your VA home loan

What Does a VA Loan Cost?

The VA loan benefit gives qualifying veterans a path to home ownership, but it comes with some costs and fees. Some of those, such as the funding fee, can be waived for qualifying veterans.

Learn more about VA loan fees.