VA Mortgage Calculator

Calculate your VA loan payments instantly with our accurate VA mortgage calculator. Includes funding fee, taxes, insurance, no down payment options, and amortization schedule for veterans and active duty.

Financial Calculators
Compound Interest Calculator APR Calculator Auto Loan Calculator Debt Ratio Calculator VAT Calculator Loan Calculator Rent Calculator GST Calculator	Mortgage Calculator Payment Calculator Amortization Calculator Peresent Value Calculator Future Value Calculator Hourly to Salary Calculator Salary to Hourly Calculator Car Depreciation Calculator

You've Earned Your VA Home Benefit-Let's Help You Use It

As a veteran or active-duty member, you have access to one of the best home-buying tools in existence: the VA loan. But in the market, "buying power" can feel like a moving target. With home prices where they are and rates shifting, you need more than just a rough guess to feel confident.

We built this VA mortgage calculator to do the heavy lifting for you. It's specifically tuned to the military community, factoring in things most generic calculators miss-like the VA Funding Fee (and whether your disability status waives it), your specific eligibility, and how a $0-down payment actually impacts your monthly bill. From taxes and insurance to HOA fees, we'll help you see the "all-in" price of your next home.

The VA Loan: A Serious Advantage for Those Who Served

If you've served in the military, the VA loan is arguably one of the most valuable benefits you have access to. Think of it as a specialized tool designed to make homeownership a reality, even when the market feels tough.

It's a bit of a misconception that the VA gives you the money directly-actually, you get the loan through a regular bank. However, the VA "guarantees" a chunk of that loan. It's like having a high-powered co-signer who gives the bank the confidence to offer you terms that most people simply can't get, like $0 down and no monthly mortgage insurance (PMI). In late 2025, with more than half a million veterans using this benefit recently, it remains the "gold standard" for military families looking to buy a home.

Why the VA Loan is the Best Deal in Real Estate

If you have your eligibility, the VA loan is like a financial superpower in the housing market. It skips over almost every barrier that makes buying a home difficult for everyone else. Here's how it actually helps you:
Buy with $0 Down: You don't have to spend years saving up a massive down payment. If you have your full entitlement, you can finance the entire price of the home.
Keep Your Monthly Payment Lean: Most people who put less than 20% down have to pay for "PMI" (Private Mortgage Insurance). With a VA loan, that fee doesn't exist. That's an extra $150-$300 in your pocket every single month.
Better-Than-Average Rates: Because the government has your back, banks usually offer you a lower interest rate than your civilian neighbors. Right now, we're seeing rates between 5.3% and 6.2%, which is a significant win compared to conventional loans.
Real Flexibility: Don't have a perfect credit score? Most lenders are happy to work with you even if your score is in the 580-620 range.
Seller Help: The VA limits what you can be charged at closing, and sellers are allowed to cover up to 4% of your costs. It's a great way to get into a house with very little cash out of pocket.
The Only Catch: You'll likely pay a one-time "Funding Fee." It's a small price to pay to keep the program running, and you can usually just roll it into your loan so you don't have to pay it upfront.

Understanding the VA Funding Fee

Since VA loans don't require monthly insurance (PMI), the Funding Fee is the one-time tradeoff. It's calculated as a percentage of your loan, and the rate depends on whether this is your first time using the benefit and how much you're putting down.

Down Payment	First-Time Use	Subsequent Use
Less than 5%	2.15%	3.3%
5%-9.99%	1.5%	1.5%
10% or more	1.25%	1.25%

Best News: You Might Not Have to Pay It At All If you have a service-connected disability rating of 10% or higher, or if you're an eligible surviving spouse, you are likely exempt. If you already paid it but recently received your disability rating, we can even help you look into getting a refund. Our calculator handles all these "what-ifs" automatically--just tell it your status, and it'll do the rest.

Pros and Cons of VA Loans

If you're house hunting right now, you're in good company. We've seen a massive surge in veterans and service members--especially Gen Z buyers--stepping into homeownership. In fact, VA loan volume jumped by over 25% this year alone. It's not hard to see why: while the rest of the market is navigating high prices, the VA benefit remains the "gold standard."
With current rates sitting between 5.3% and 6.2%, you're likely looking at a much better deal than your civilian neighbors. But even with the "big wins"--like $0 down and no monthly insurance (PMI)-there are a few trade-offs you should know about. Let's look at the real-world pros and cons to see if this is the right path for your next move.

Pros of VA LoansWhy the VA Loan is the Best Way to Buy a House in 2025
If you're eligible for a VA loan, you're holding one of the strongest "cards" in the real estate game. While everyone else is stressing over high prices and saving for years, you have some massive advantages:
Keep Your Savings in the Bank ($0 Down): Saving up 20%--or even 5%--on a home today can feel impossible. With a VA loan, you can finance 100% of the price. This means you can buy now rather than waiting years to save up a massive pile of cash.
One Less Monthly Bill (No PMI): Most people who don't put 20% down have to pay for Private Mortgage Insurance. You don't. That's roughly $150-$300 back in your pocket every single month.
The "Veteran Discount" on Rates: Because the government has your back, banks usually give you a lower interest rate than your civilian neighbors--often 0.25% to 0.5% lower. Over 30 years, that's a small fortune in savings.
Forgiving on Credit: You don't need a perfect 800 score. Lenders are much more flexible with VA buyers, often saying "yes" to scores in the 580-620 range.
A Massive Asset if You Sell: Your loan is assumable. If you have a 5.5% rate and you sell your house in five years when rates are higher, a buyer can take over your low rate. That makes your home way more valuable than the one next door.
Earned Savings for Disability: If you have a 10%+ disability rating, you don't have to pay the "Funding Fee." It's an earned benefit that can save you thousands upfront.

Cons of VA Loans
While the perks are huge, no loan is perfect. Here is the "fine print" you should know about before you start house hunting:
The One-Time "Funding Fee": Since you don't pay monthly insurance, the VA charges a one-time fee to keep the program running. For most first-time buyers with $0 down, it's 2.15%. You can roll this into your loan so you don't need the cash upfront, but keep in mind that you'll be paying interest on that fee for the life of the loan.
The "Safety First" Appraisal: The VA is very picky about the condition of the home. They have "Minimum Property Requirements" to make sure the house is safe and move-in ready. This is great for you as a buyer, but it means you probably can't use a VA loan for a "fixer-upper" that needs a lot of work.
You Have to Live There: This benefit is for your home, not a business venture. You can't use a VA loan for a vacation house or a straight investment property. If you buy a multi-unit building (up to 4 units), you have to live in one of them.
The "Myth" Factor: Even though VA loans are very reliable, some sellers still believe old myths that they are "too difficult" or "take too long." An experienced agent can usually talk them through it, but it's a hurdle to be aware of in a bidding war.

Is it right for you? If you're looking for a home to live in and want to keep your monthly costs as low as possible, it's hard to beat the VA loan. Between the $0 down payment and skipping monthly insurance, the savings are just too big to ignore.
That said, if your goal is to flip a "fixer-upper," buy a vacation cabin, or if you already have a VA loan active and want a second home in an expensive city, you might want to look at a Conventional or FHA loan instead. For most veterans, though, this benefit is the clear winner.