VA Loan Calculator

Calculate VA loan payments for eligible veterans, active duty service members, and surviving spouses.

VA Loan Benefits

  • No Down Payment: 100% financing available
  • No PMI: No private mortgage insurance required
  • Competitive Rates: Often below conventional rates
  • No Prepayment Penalty: Pay off early without fees
  • Reusable Benefit: Can be used multiple times
  • Assumable: Qualified buyers can assume your loan

Eligibility Requirements

Who Qualifies

  • • Veterans with qualifying service
  • • Active duty service members
  • • National Guard and Reserve members
  • • Surviving spouses (certain conditions)

Service Requirements

  • • 90 days active duty during wartime
  • • 181 days active duty during peacetime
  • • 6 years in National Guard/Reserves
  • • Certificate of Eligibility required

VA Funding Fee

One-time fee that helps keep the program running

First-Time Use

No Down Payment: 2.15%
5% Down: 1.5%
10%+ Down: 1.25%

Subsequent Use

No Down Payment: 3.3%
5% Down: 1.5%
10%+ Down: 1.25%

Exemptions

Purple Heart recipients
Service-connected disabilities
Surviving spouses