VA Mortgage CalculatorFree online financial calculator — instant results, no sign-up

Fee % = 1.25 if Down ≥ 10%; else 1.50 if Down ≥ 5%; else 2.15 if First use; else 3.30
Base Loan = Price × (1 − Down / 100)
Total Loan (P) = Base Loan × (1 + Fee % / 100)
M = P × [r(1 + r)^n] / [(1 + r)^n − 1]

• PriceAgreed purchase price of the home in dollars
• DownDown payment percentage
• Fee %VA funding fee percentage determined by down payment bracket and loan use
• PTotal loan amount financed after adding the funding fee
• rMonthly interest rate, calculated as (Annual Interest Rate / 100) / 12
• nTotal number of monthly payments, fixed at 360 months (30 years)
• MMonthly mortgage payment for principal and interest

The tool selects the VA funding fee rate based on your down payment tier and prior VA loan usage. It multiplies the base borrowed amount by the funding fee percentage and adds it directly to the principal. The monthly payment is then calculated using standard fixed-rate amortization across a fixed 30-year (360-month) term.

These are the calculator's starting values and the results it actually produces for them.

1. 1Determine the VA funding fee rate based on the down payment percentage (≥10%, ≥5%, or <5%) and whether the loan is a first or subsequent use.
2. 2Calculate the base loan balance by subtracting the down payment percentage from the home purchase price.
3. 3Add the calculated funding fee percentage to the base loan to obtain the total financed loan amount.
4. 4Calculate the monthly payment using standard amortization over 360 monthly payments at the given monthly interest rate.

Further reading

• CFPB