VA Purchase Calculator
Calculate your monthly VA loan payment with no PMI required. Includes VA funding fee, property taxes, and insurance. Perfect for eligible veterans and service members.
VA Purchase Calculator
Payment Breakdown
VA loans offer significant advantages for eligible veterans and service members:
- No down payment required (0% down)
- No private mortgage insurance (PMI)
- Competitive interest rates
- Limited closing costs
- Easier qualification requirements
Frequently Asked Questions
Do VA loans require a down payment?
No. Eligible veterans and service members can finance 100% of the purchase price with a VA loan. This calculator defaults to $0 down, though you can enter an optional down payment to see how it lowers your loan amount and monthly payment.
What is the VA funding fee, and can it be financed?
The VA funding fee is a one-time fee (typically around 2.15% of the loan amount for first-time use with no down payment) that helps sustain the VA loan program. It can usually be rolled into your loan amount rather than paid out of pocket, which this calculator supports.
Do VA loans require monthly mortgage insurance (PMI)?
No. Unlike conventional loans with less than 20% down, VA loans never require monthly PMI, regardless of your down payment amount — the one-time funding fee replaces it.
Does this calculator include property taxes and homeowners insurance?
Yes. In addition to your principal and interest, the calculator includes your property tax rate and annual insurance premium so your estimated payment reflects your full monthly housing cost.
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