VA Loan Calculator
Estimate a VA mortgage payment including the VA funding fee.
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How it works
The VA funding fee depends on whether it's a first or subsequent VA loan and the down payment percent. We add it to the base loan and then amortize at the chosen rate and term.
Frequently asked questions
How is my monthly VA mortgage payment calculated?
Monthly payment uses the standard amortizing-loan formula: P × r / (1 − (1 + r)⁻ⁿ), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments.
What is amortization?
Amortization is the schedule that breaks each payment into principal and interest. Early payments are mostly interest; later payments are mostly principal.
Will paying extra each month save me money?
Yes. Any extra you pay reduces the principal immediately, which reduces all future interest. Even small extra payments can shave years off a long loan.
Does this include taxes and insurance?
Unless the calculator has dedicated fields for tax and insurance, the result is the pure principal-and-interest payment. Add escrow items separately for the full housing cost.
Is APR the same as the interest rate?
Not quite. The interest rate determines the monthly payment, while APR also includes most lender fees, so APR is usually slightly higher than the note rate.