VA Loan Calculator

VA Loan Calculator

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VA Mortgage Loan Details

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Additional Costs

Annual property tax as % of home value

One-time fee (0% if disabled, 2.3% first use, 3.6% subsequent)

Compare Loan Terms

15 years
Monthly:$2,867.69
Total interest:$186,983
Save vs longest:$232,893
30 yearsCurrent
Monthly:$2,080.77
Total interest:$419,876

Loan Summary

Monthly Payment

$2,080.77

+ $550.00/mo additional costs

Total: $2630.77/mo

30 years at 6.50% APR

Loan Details

Home Price:$400,000
Down Payment (20%):-$80,000
Amount Financed:$329,200
Interest Rate:6.50% APR
Loan Term:30 years (360 months)

Total Cost

Total of 360 payments:$749,076.46
Total Interest Paid:$419,876.46
Down Payment:$80,000
Total Amount Paid:$829,076.46

First Year Payment Breakdown

MonthPrincipalInterestBalance
1$297.6$1,783.17$328,902
2$299.21$1,781.55$328,603
3$300.83$1,779.93$328,302
4$302.46$1,778.3$328,000
5$304.1$1,776.67$327,696
6$305.75$1,775.02$327,390
7$307.41$1,773.36$327,083
8$309.07$1,771.7$326,774
9$310.74$1,770.02$326,463
10$312.43$1,768.34$326,150
11$314.12$1,766.65$325,836
12$315.82$1,764.95$325,520

Early payments are mostly interest. Principal portion increases over time.

Principal vs Interest Over Time

Term Comparison

Loan Balance Over Time

🎖️ VA Loan Benefits

  • No down payment required in most cases
  • No PMI/MIP required ever
  • Competitive interest rates
  • Can reuse VA loan benefit multiple times
  • No prepayment penalties
  • Assumable loans
  • Limited closing costs

💡 Tips

  • No down payment required in most cases
  • No PMI/MIP required
  • Competitive interest rates
  • Can reuse VA loan benefit
  • No prepayment penalties

⚠️ Important Considerations

  • VA funding fee applies (unless exempt)
  • Must meet VA eligibility requirements
  • Property must meet VA minimum property requirements
  • Loan limits apply based on county

Frequently Asked Questions

Common questions about the VA Loan Calculator

Veterans, active-duty service members, National Guard members, Reservists, and eligible surviving spouses can qualify for VA loans.

⚠️ Important Disclaimer

This VA Loan Calculator provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.

The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.

This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:

  • Certified Financial Planner (CFP)
  • Certified Public Accountant (CPA) for tax matters
  • Licensed attorney for legal matters
  • Registered Investment Advisor (RIA) for investment decisions

Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.

No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.