10 Feb Can you afford a home with your VA home loan benefit?
Among other factors, your lender, location, loan type, and loan amount can affect your mortgage and home loan options. It is best to shop around multiple loan providers to learn the lingo, opportunities, and requirements. The calculator can estimate your mortgage payments based on different scenarios, find providers who offer VA loans and conventional mortgages and find companies that work with active military and veterans.
With no obligation or credit check, you will receive personalized quotes from up to five lenders using our VA Loan finder.
How can VA loan calculators benefit you?
VA loans are valuable military benefits, and VA loan calculators can help you get started. With a VA loan calculator, you can learn how a VA loan might affect your finances and get closer to finding the right VA loan lender.
Get a quick VA loan rate estimate.
Calculating VA Loans

10 Best VA Home Loans 2022
Compare 2022's Best VA Home Loans. Federally Insured. 0% Down. Active Duty, Vet & Family. Tap to Compare Rates. No Money Down.
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You can use the loan calculator to estimate your VA home loan payments if you need help determining where to start. The calculator will instantly update your estimated monthly loan payment once you adjust the required fields.
Details of the loan calculator
- Home Value
- The potential purchase price of the home. This does not include your down payment.
- Down Payment
Down payments are amounts you pay upfront toward your loan’s principal, and VA loans do not require a down payment. Your monthly payment and VA funding fee can be reduced by putting money down.
Credit Rating
Credit score influences interest rates, among other things. Calculate your VA loan payment based on your estimated credit score.
Interest Rate
Borrowers are charged interest based on the amount borrowed. Calculator rates are for informational purposes only; your final interest rate may differ.
Term of Loan
You can borrow money for a specific period, which is the loan term, and it usually lasts 15 or 30 years.
Property Tax
Property taxes are about 1.2% of the home’s value. Depending on the location, the property tax may differ.
Homeowners Insurance
In most cases, homeowners’ insurance covers 0.35% of their home’s value, and the rate may vary based on the insurer.
The VA Loan Process
In order to maximize the VA loan benefit you earned through your military service, you will need to learn about the VA loan process after using the VA loan calculator to determine what you can afford.
A step-by-step guide to VA loans
- Obtain your Certificate of Eligibility (COE)
- Locate a lender who offers VA home loans
- Find a place to live
- Processing VA loans
- Get your VA loan closed
How Much Does a VA Loan Cost?
VA loans allow qualifying veterans to become homeowners, but they come with some costs and fees. Qualifying veterans may be able to waive some of these fees, such as the funding fee.
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