FinancialCalculatorsFree financial planning tools
home / financial / va mortgage calculator

VA Mortgage Calculator

Estimate a VA mortgage using down-payment tiers and funding-fee exemption.

Calculate monthly payments, annual expenses, and dated extra principal payments.

$
years
months
%
More options (25)
years
%
%
%
%
$
$
$
monthEnter a whole payment month: 1 is the first scheduled payment. An extra payment after payoff has no effect.
Payment month counted from the first scheduled payment; repeats every 12 months.
Optional: month number, amount; one payment per line.

Result

Monthly principal & interest$1,942.54
Initial monthly total$2,467.54
Down payment$80,000.00
Financed loan amount$324,000.00
Upfront fee$4,000.00
Total interest$375,315.73
Total payments$699,315.73
Number of payments360
Total taxes and other costs$189,000.00
Total out of pocket$968,315.73
  • Principal
  • Interest

Each tax and cost grows annually at its own rate. Conventional PMI follows the selected duration or original-value LTV policy. FHA MIP uses the base loan and explicit MIP duration; property appreciation is not used for cancellation.

Calculation details

Scroll horizontally or vertically to see more. Download CSV for the complete schedule.

MonthDatePaymentInterestPrincipalBalanceTaxes & costsTotal
12026-101,942.541,620322.54323,677.465252,467.54
22026-111,942.541,618.39324.16323,353.305252,467.54
32026-121,942.541,616.77325.78323,027.525252,467.54
42027-011,942.541,615.14327.41322,700.125252,467.54
52027-021,942.541,613.50329.04322,371.075252,467.54
62027-031,942.541,611.86330.69322,040.395252,467.54
72027-041,942.541,610.20332.34321,708.045252,467.54
82027-051,942.541,608.54334.00321,374.045252,467.54
92027-061,942.541,606.87335.67321,038.375252,467.54
102027-071,942.541,605.19337.35320,701.015252,467.54
112027-081,942.541,603.51339.04320,361.985252,467.54
122027-091,942.541,601.81340.73320,021.245252,467.54
132027-101,942.541,600.11342.44319,678.805252,467.54
142027-111,942.541,598.39344.15319,334.655252,467.54
152027-121,942.541,596.67345.87318,988.785252,467.54
162028-011,942.541,594.94347.60318,641.185252,467.54
172028-021,942.541,593.21349.34318,291.855252,467.54
182028-031,942.541,591.46351.08317,940.765252,467.54
192028-041,942.541,589.70352.84317,587.925252,467.54
202028-051,942.541,587.94354.60317,233.325252,467.54
212028-061,942.541,586.17356.38316,876.945252,467.54
222028-071,942.541,584.38358.16316,518.785252,467.54
232028-081,942.541,582.59359.95316,158.835252,467.54
242028-091,942.541,580.79361.75315,797.085252,467.54
252028-101,942.541,578.99363.56315,433.525252,467.54
262028-111,942.541,577.17365.38315,068.155252,467.54
272028-121,942.541,575.34367.20314,700.955252,467.54
282029-011,942.541,573.50369.04314,331.915252,467.54
292029-021,942.541,571.66370.88313,961.025252,467.54
302029-031,942.541,569.81372.74313,588.285252,467.54
312029-041,942.541,567.94374.60313,213.685252,467.54
322029-051,942.541,566.07376.48312,837.215252,467.54
332029-061,942.541,564.19378.36312,458.855252,467.54
342029-071,942.541,562.29380.25312,078.605252,467.54
352029-081,942.541,560.39382.15311,696.455252,467.54
362029-091,942.541,558.48384.06311,312.395252,467.54

How to use this calculator

Calculate monthly payments, annual expenses, and dated extra principal payments. Enter amounts in the units shown, select the applicable options, and click Calculate. Use Reset to restore the starting values.

Calculation formula

Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.

Assumptions and accuracy

Review timing, rates, fees and result notes when comparing scenarios. Future returns and rates are assumptions rather than guaranteed outcomes. Monetary display follows the currency’s precision; intermediate calculations retain additional digits.

Choose what to calculate

VA mortgage calculator with funding fee

Estimate a VA mortgage payment with the selected funding-fee treatment, exemption and ownership costs. Confirm your eligibility separately.

Open this calculation

Understanding this calculation

Estimate VA mortgage payments using the selected funding-fee treatment and exemption assumption. Compare principal and interest with the full initial housing cost.

Worked examples

VA payment with an assumed funding-fee exemption

Illustrative inputs are specified in the steps below; the example link loads the complete settings. Unmentioned settings use the linked defaults.

  1. With assumed exemption, no down payment and a zero illustrative rate, 120,000 / 120 = 1,000 monthly principal and interest. Actual exemption eligibility is not determined here.

Monthly principal & interest: 1,000 USD.

Try these inputs

Common questions

Is a VA funding-fee exemption automatic?

No. Selecting an exemption here is an input assumption; actual eligibility must be established separately.

Is the mortgage payment the same as my total housing expense?

No. Property taxes, homeowners insurance, HOA charges and other entered costs can increase the monthly total.

Scope and assumptions

The tool does not establish VA entitlement, exemption eligibility, lender approval or a guaranteed rate. Enter the correct loan facts.

Sources

Calculation notes checked . Examples are mathematical checks under the stated assumptions.

Calculation methods and formulas

VA Mortgage

Calculate monthly payments, annual expenses, and dated extra principal payments.

Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.

Biweekly Comparison

Calculate monthly payments, annual expenses, and dated extra principal payments.

Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.

See our calculation methodology and review status for data versions, rounding and validation limitations.

Related calculators

House Affordability CalculatorDown Payment CalculatorRent CalculatorDebt-to-Income Ratio CalculatorMortgage Calculator