VA Loan Calculator
Estimate your VA home loan monthly payment, cash to close, and view amortization details including funding fee, property taxes, and insurance.
For funding fee exemption estimate
Payment Breakdown
Loan Amount
Based on disability rating
Cash to Close
Amortization
Important Disclaimers:
- Manual mode: taxes/insurance are user estimates
- Funding fee exemption based on disability rating only
- Actual VA compensation status determines true exemption
- Rates and terms subject to lender approval
- For estimation purposes only - consult VA-approved lender
How VA Loans Work
VA home loans are mortgage loans guaranteed by the U.S. Department of Veterans Affairs. They are available to eligible veterans, active-duty service members, and certain surviving spouses. VA loans typically require no down payment and no private mortgage insurance (PMI). Learn more about eligibility and benefits at VA.gov Home Loans.
VA Funding Fee
Most VA loans require a one-time funding fee paid to the VA. The fee amount depends on your service category, down payment amount, and whether it is your first or subsequent VA loan use. Veterans with a service-connected disability rating of 10% or higher are typically exempt from the funding fee. See the current VA funding fee schedule for details.
Property Taxes and Insurance
This calculator allows you to enter estimated property tax and homeowners insurance amounts. These values vary by location and are not set by the VA. Property tax rates differ by state and county. Some states offer property tax exemptions for disabled veterans — check your state's veterans affairs office for details. Insurance costs depend on the property, coverage level, and provider.
Frequently Asked Questions
Do VA loans require a down payment?
No. One of the primary benefits of a VA loan is the ability to purchase a home with no down payment. However, a down payment can reduce or eliminate the VA funding fee and lower your monthly payment.
Do VA loans have PMI?
No. VA loans do not require private mortgage insurance (PMI), even with no down payment. This is a significant cost savings compared to conventional loans.
Who is exempt from the VA funding fee?
Veterans receiving VA disability compensation, Purple Heart recipients on active duty, and surviving spouses receiving Dependency and Indemnity Compensation (DIC) are generally exempt from the funding fee.
How accurate is this calculator?
This calculator provides estimates based on the values you enter. Actual loan terms, interest rates, property taxes, and insurance costs will be determined by your lender and local authorities. Use this tool for planning purposes.
Disclaimer: This calculator is an educational estimation tool provided by Fireguard. Fireguard is not a lender and is not the Department of Veterans Affairs. All calculations are estimates based on user-provided inputs. Actual loan terms, rates, fees, and costs will vary. Consult a VA-approved lender for official loan details. Verify current VA loan information at VA.gov.