Enter Home price ($), Down payment ($) and Interest rate (%) and the remaining scenario settings to review loan amount with this tool. A financed fee becomes part of principal and can increase both the payment and interest.
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VA loan costs:
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Monthly payment = P × [r(1 + r)^n] ÷ [(1 + r)^n − 1]
P = principal, r = periodic interest rate, n = number of payments.The calculation links Home price ($), Down payment ($) and Interest rate (%) to loan amount. A financed fee becomes part of principal and can increase both the payment and interest. It differs from a charge paid in cash at closing.
Enter Home price ($), Down payment ($) and Interest rate (%) and the remaining scenario settings to review loan amount with this tool. A financed fee becomes part of principal and can increase both the payment and interest.
Build a VA mortgage payment scenario using the price, financing and fee assumptions entered. Check how a financed funding fee changes the loan balance.
A financed fee becomes part of principal and can increase both the payment and interest. It differs from a charge paid in cash at closing.
Prepare Home price ($), Down payment ($), Interest rate (%), Loan term (years), Property tax rate (%), Insurance ($/year), Funding fee (%) and HOA fees ($/month). Use the applicable fee or exemption from the lender’s current estimate and review the principal-and-interest breakdown separately from housing expenses.
A financed fee becomes part of principal and can increase both the payment and interest. It differs from a charge paid in cash at closing. Eligibility, exemptions, current funding fees and lender terms require official confirmation. The tool does not determine service entitlement or issue a loan approval.
Use the full settings in the worked-example table. They produce Loan amount: 358050. Compare the method and units as well as the displayed number.
The displayed relationship is Monthly payment = P × [r(1 + r)^n] ÷ [(1 + r)^n − 1] P = principal, r = periodic interest rate, n = number of payments. Use the applicable fee or exemption from the lender’s current estimate and review the principal-and-interest breakdown separately from housing expenses.
Eligibility, exemptions, current funding fees and lender terms require official confirmation. The tool does not determine service entitlement or issue a loan approval. For a transaction or account decision, compare the inputs with the applicable statement, contract or official rules.
Worked va mortgage calculator example. Set Home price ($) = 350000; Down payment ($) = 0; Interest rate (%) = 6.5; Loan term (years) = 30 years; Property tax rate (%) = 1.2; Insurance ($/year) = 1200; Funding fee (%) = 2.3; HOA fees ($/month) = 0. The corresponding output is Loan amount: 358050. A financed fee becomes part of principal and can increase both the payment and interest.
Build a VA mortgage payment scenario using the price, financing and fee assumptions entered. Check how a financed funding fee changes the loan balance.
Use the applicable fee or exemption from the lender’s current estimate and review the principal-and-interest breakdown separately from housing expenses.
| Field | Example value | Entry check |
|---|---|---|
| Home price ($) | 350000 | Use the amount for this scenario in the currency and period shown by the field. |
| Down payment ($) | 0 | Use the amount for this scenario in the currency and period shown by the field. |
| Interest rate (%) | 6.5 | Enter a percentage in the form requested by the field, keeping its stated time basis. |
| Loan term (years) | 30 years | Use the period unit in the field label; months and years are not interchangeable. |
| Property tax rate (%) | 1.2 | Enter a percentage in the form requested by the field, keeping its stated time basis. |
| Insurance ($/year) | 1200 | Check whether this amount is one-time, monthly or annual before entering it. |
| Funding fee (%) | 2.3 | Enter a percentage in the form requested by the field, keeping its stated time basis. |
| HOA fees ($/month) | 0 | Check whether this amount is one-time, monthly or annual before entering it. |
Relationship used for this example: Monthly payment = P × [r(1 + r)^n] ÷ [(1 + r)^n − 1] P = principal, r = periodic interest rate, n = number of payments.
A financed fee becomes part of principal and can increase both the payment and interest. It differs from a charge paid in cash at closing.
| Output | Displayed result |
|---|---|
| Loan amount | 358050 |
With these settings, loan amount is 358050. Use the same units and calculation mode when reproducing this example.
A financed fee becomes part of principal and can increase both the payment and interest. It differs from a charge paid in cash at closing. Eligibility, exemptions, current funding fees and lender terms require official confirmation. The tool does not determine service entitlement or issue a loan approval.
Replace the illustrative home price ($) value (350000) with your own value, then complete the other inputs for the same scenario. Use the applicable fee or exemption from the lender’s current estimate and review the principal-and-interest breakdown separately from housing expenses.