Quick answer
A VA loan's amount is price × (1 − down%) × (1 + funding fee%), and the payment is the amortising payment on it. A $400,000 home with no down payment and a 2.15% financed funding fee has a loan of $408,600 and, at 6.25% over 30 years, a payment of $2,515.82.
Enter the price, down payment, rate, term and funding fee. The calculator returns the monthly payment and loan amount. Use this va mortgage calculator to check your own figures.
Related tools: Mortgage Calculator: Monthly mortgage payment with property tax, insurance and HOA. Canadian Mortgage Calculator: Monthly payment with semi-annual compounding of the quoted rate. House Affordability Calculator: Estimate the most expensive home your income supports.
How to use the VA Mortgage Calculator
- Enter home price ($) (above 0).
- Enter down payment (%) (between 0 and 99).
- Enter interest rate (%) (between 0 and 100).
- Enter term (years) (between 0 and 50).
- Enter funding fee (financed) (%) (between 0 and 10).
- Press Calculate to see the result, and use Reset to start again.
| Input | What to enter | Allowed values |
|---|---|---|
| Home price | A number, in $ | > 0 |
| Down payment | A number, in % | ≥ 0, ≤ 99 |
| Interest rate | A number, in % | ≥ 0, ≤ 100 |
| Term | A number, in years | > 0, ≤ 50 |
| Funding fee (financed) | A number, in % | ≥ 0, ≤ 10 |
Formula and method
Formula
loan = price × (1 − down%) × (1 + fee%); payment = amortizing payment on loan
IEEE-754 double precision; money shown to cents, rates to 4 decimals. Results are estimates, not financial advice.
The funding fee depends on service history, down payment and use, so you enter it.
Worked examples
These examples are verified: each one is an automated test case that the live calculator must reproduce exactly.
Example 1
Inputs: Home price = 400000; Down payment = 0; Interest rate = 6.25; Term = 30; Funding fee (financed) = 2.15.
| Result | Value |
|---|---|
| Monthly payment | $2,515.82 |
| Loan amount (incl. funding fee) | $408,600.00 |
Example 2
Inputs: Home price = 320000; Down payment = 10; Interest rate = 6; Term = 30; Funding fee (financed) = 1.25.
| Result | Value |
|---|---|
| Monthly payment | $1,748.29 |
| Loan amount (incl. funding fee) | $291,600.00 |
The first line is the headline result (monthly payment). Below it the vA Mortgage Calculator lists loan amount (incl. funding fee), which describe the same case from other angles. IEEE-754 double precision; money shown to cents, rates to 4 decimals. Results are estimates, not financial advice.
Funding fee
The VA funding fee is a one-time charge that can be financed into the loan; $400,000 × 2.15% = $8,600. The fee depends on the down payment and whether it's a first use, and some veterans are exempt.
Not included
VA loans need no down payment or PMI for eligible service members. Property tax, homeowners insurance and closing costs are separate. The funding fee is an input here; check the current VA schedule.
How the result changes with home price
Holding every other input at the first worked example, this table changes only home price. It shows how sensitive the answer is to that one value; each row was produced by running this calculator.
| Home price | Monthly payment | Loan amount (incl. funding fee) |
|---|---|---|
| 200000 | $1,257.91 | $204,300.00 |
| 400000 | $2,515.82 | $408,600.00 |
| 800000 | $5,031.64 | $817,200.00 |
| 1600000 | $10,063.28 | $1,634,400.00 |
What happens with invalid input
These messages are produced by the calculator itself, so you know what to fix.
- Down payment: entering "100" shows "Down payment must be at most 99." beside that field and no result.
- Term: entering "0" shows "Term must be greater than 0." beside that field and no result.
Choosing between the VA Mortgage Calculator and similar calculators
Each row shows what a related calculator on this site asks for and what it returns, so you can pick the one that matches your question.
| Calculator | You enter | It returns |
|---|---|---|
| [Mortgage Calculator](/real-estate/mortgage-calculator/) | home price, down payment and interest rate | Total monthly payment |
| [Canadian Mortgage Calculator](/real-estate/canadian-mortgage-calculator/) | home price, down payment and quoted annual rate | Monthly payment |
| [House Affordability Calculator](/real-estate/house-affordability-calculator/) | annual gross income, other monthly debt payments and down payment | Estimated maximum home price |
| [Down Payment Calculator](/real-estate/down-payment-calculator/) | home price and down payment | Down payment |
| [FHA Loan Calculator](/finance/fha-loan-calculator/) | home price, down payment and interest rate | Monthly payment (P&I + MIP) |
Background: loans and mortgages
The interest rate is the cost of borrowing the principal; the APR also folds in certain fees, so a lower rate with high fees can have a worse APR. These calculators use the rate you enter and do not add fees, insurance or taxes, so add fees to the principal if you want to include them.
A fixed-rate loan is paid in equal instalments, early ones mostly interest. Extra payments go straight to principal, which shortens the loan and cuts interest; adjustable rates, escrow changes and prepayment penalties are not modelled.
Assumptions and limitations
- Funding fee is an input
Estimates only. Taxes, fees and lender or authority rules vary by place and date, so confirm figures with the relevant authority or professional.
If a required value is empty, not a number, or outside its allowed range, the form marks that field with a message and shows no result instead of a misleading number. The automated checks deliberately try invalid entries for down payment and term to confirm this.
Frequently asked questions
Who is eligible?
Eligible veterans, service members and some spouses.
Is there PMI?
No. VA loans have no monthly mortgage insurance, though a one-time funding fee applies unless exempt.
What is the maximum loan?
Depends on entitlement and county limits.
What does the VA Mortgage Calculator calculate?
Monthly payment with a financed funding fee you enter. It returns Monthly payment and Loan amount (incl. funding fee).
What formula does the VA Mortgage Calculator use?
loan = price × (1 − down%) × (1 + fee%); payment = amortizing payment on loan. The funding fee depends on service history, down payment and use, so you enter it.
What do I need to enter in the vA Mortgage Calculator?
You enter Home price ($), Down payment (%), Interest rate (%), Term (years) and Funding fee (financed) (%).
How is the result rounded or limited?
IEEE-754 double precision; money shown to cents, rates to 4 decimals. Results are estimates, not financial advice. Funding fee is an input.
What is an example of a vA Mortgage result?
With home price 400000, down payment 0, interest rate 6.25, term 30 and funding fee (financed) 2.15, the monthly payment is $2,515.82.
Can I rely on this calculator for a decision?
Estimates only. Taxes, fees and lender or authority rules vary by place and date, so confirm figures with the relevant authority or professional. For this calculator in particular: Funding fee is an input.
Related calculators
- Mortgage Calculator — Monthly mortgage payment with property tax, insurance and HOA.
- Canadian Mortgage Calculator — Monthly payment with semi-annual compounding of the quoted rate.
- House Affordability Calculator — Estimate the most expensive home your income supports.
- Down Payment Calculator — Down payment amount and loan size from a percentage.
- FHA Loan Calculator — Monthly payment with upfront and annual mortgage insurance premiums you enter.
- Refinance Calculator — Monthly savings and break-even time from refinancing.
Sources
- Standard time-value-of-money relations (e.g. Brealey, Myers & Allen, Principles of Corporate Finance)
Content last reviewed 2026-11-04. Formulas and worked examples are checked by automated tests against independently computed values.