VA mortgage payment calculator
The interest rate is an example, not a current offer. Property tax and insurance vary by county and home, so use local numbers if you have them. VA loans have no monthly mortgage insurance. Estimate only; your Loan Estimate is the final word.
For illustration only. Results are estimates based on the numbers you enter and general assumptions, and may not reflect your situation. This is not a Loan Estimate, pre-approval, rate quote or commitment to lend. Any rate shown is an example, not a current rate or an offer. Your actual eligibility, loan amount, rate, payment and costs depend on your credit, income, property, appraisal and underwriting, and can change without notice. Not all applicants qualify. CrossCountry Mortgage, LLC NMLS #3029. Equal Housing Opportunity. Full disclaimer.
What goes into a VA payment
- Principal and interest on the loan amount, including the VA funding fee if it’s financed.
- Property tax and homeowners insurance, usually collected monthly in an escrow account.
- HOA dues, if the home has them.
- No monthly mortgage insurance. That’s why a VA payment is usually lower than an FHA or low-down-payment conventional payment on the same home.
Related
Affordability calculator
How much home can I afford?
Open →Temporary buydown calculator
3-2-1, 2-1 and 1-0 savings
Open →DTI & residual income calculator
Will I qualify?
Open →Mortgage payment questions
How is a VA mortgage payment calculated?
Principal and interest on the loan amount (including any financed funding fee), plus property tax, homeowners insurance and any HOA dues. VA loans have no monthly mortgage insurance.
Can I roll the VA funding fee into my loan?
Yes. Most veterans finance it, and this calculator includes it in the loan amount automatically. Veterans who receive VA disability compensation don’t pay it at all.
Is there a minimum credit score for a VA loan?
VA does not set one, and Shirley’s VA purchase and refinance loans have no minimum credit score. VA construction loans start at a 620 minimum, and VA renovation loans require a 600. Not ready yet? Shirley’s team offers a free credit plan.
