Use this VA mortgage calculator to get an estimate.
A VA loan is a mortgage loan for military service members and veterans. This VA home loan calculator provides customized payment and rate information based on the information you provide. A VA mortgage loan does not require a down payment, but may include additional costs such as a funding fee. A funding fee is a mandatory one-time fee paid directly to the Department of Veterans Affairs (VA). The fee is a percentage of the loan amount.
This VA loan calculator provides customized information based on the information you provide, but it assumes a few things about you - for example, that you have excellent credit (a FICO credit score of 740+) and that you're buying a single-family home as your primary residence. This VA mortgage calculator also makes some assumptions about typical down payment amounts, settlement costs, lender's fees, mortgage insurance, and other costs. Learn more about these assumptions below.