VA MORTGAGE CALCULATOR

How much VA loan can I get if my spouse or I served in the

live in

, and the home value is

?
Get a more accurate estimate

Have you applied for a VA mortgage before?

How much can you pay for a down payment?

Most put the minimum 0% down

Most put the minimum 0% down

What’s your expected interest rate?

We default to the rate we think you can get. See the latest VA mortgage rates.

We default to the rate we think you can get. See the latest VA mortgage rates.

Length of VA loan (in years)

Most common terms are 30 and 15 years.

Most common terms are 30 and 15 years.

Your Results

Monthly costs

$2,638

Includes principal, interest, taxes, and insurance

Total costs

$958,429

Includes principal, interest, down payment, taxes and insurance

VA cost breakdown

Monthly

Total

Principal & interest

$2,135

$768,629

VA funding fee

--

$8,600

Property taxes

$270

$97,200

Homeowners insurance

$233

$84,000

Down payment

--

$0

We’ll help with next steps
Explore rates

Get personalized undefined mortgage rates

Your VA Results

Monthly costs

$2,638

Includes principal, interest, taxes, and insurance

Total costs

$958,429

Includes principal, interest, down payment, taxes and insurance

We’ll help with next steps
Explore VA rates

Get personalized VA mortgage rates

How we got here
Monthly payment: What’s behind the numbers in our VA mortgage calculator
What the VA loan calculator does
How to use a VA mortgage calculator
Monthly payment: What’s behind the numbers in our VA mortgage calculator

As a service member or veteran, a VA home loans is likely to be the best way to buy a house. Yet, like every mortgage, it can be a complicated process, especially when it comes to figuring out exactly how much it will cost to finance a home with a VA loan.

The cheatgame.info VA loan calculator can tell you just that — and the total includes costs other calculators forget to add.

As a true PITI mortgage calculator, we factor in principal, interest, taxes and insurance. That’s what PITI stands for. But your VA home loan includes another cost. That’s why we also calculate your funding fee, an important number you’ll want to know before you sign up for a VA mortgage.

As a service member or veteran, a VA home loans is likely to be the best way to buy a house. Yet, like every mortgage, it can be a complicated process, especially when it comes to figuring out exactly how much it will cost to finance a home with a VA loan.

The cheatgame.info VA loan calculator can tell you just that — and the total includes costs other ...

See all
What the VA loan calculator does

The cheatgame.info VA home mortgage calculator looks deceptively simple, but there’s some heavy number crunching behind the scenes.

To start, fill in the fields:

  • The price you want to pay for a home
  • Your down payment
  • Your interest rate
  • Years of the loan term
  • Information about your service
  • If this is your first VA home loan

You’ll see what your monthly payment will be, as well as the total cost of your VA mortgage over the life of the loan. To look at the details, check the “Monthly” or “Total” box under “Breakdown of costs.”

Some VA borrowers roll their funding fee into the loan total. If that’s your plan, take the funding fee amount, found under the “Total cost breakdown,” and add it to the amount you expect to spend on a home under “Mortgage Details.” That will adjust your monthly payment to include the financed VA funding fee.

Now that you have a good idea of your loan costs, you’ll be ready to shop for VA lenders with the best mortgage rates.

The cheatgame.info VA home mortgage calculator looks deceptively simple, but there’s some heavy number crunching behind the scenes.

To start, fill in the fields:

  • The price you want to pay for a home
  • Your down payment
  • Your interest rate
  • Years of the loan term
  • Information about your service
  • If this is your first VA home loan

You’ll see what your monthly payment ...

See all
How to use a VA mortgage calculator

cheatgame.info’s VA loan calculator is one tool to help you answer the question “How much house can I afford?” There are many other questions to consider when making the jump into homeownership:

  • Should I choose a long-term or shorter-term VA loan? Of course, there is a big difference between the housing needs and a home’s “shelf life” for active-duty military compared with a retired service member. A 30-year fixed rate VA loan may be perfect for one, but not the other. Longer loan terms mean lower monthly payments with more interest paid over time. A 15-year fixed-rate FHA mortgage will reduce the total interest you pay, but your monthly payment will be much higher.
  • What about an adjustable-rate mortgage? ARMs can be a good choice for many active-duty military. For example, a 5/1 FHA ARM locks in a low rate for five years, then resets higher or lower annually. That can work well for a military lifestyle that requires location changes due to reassignment.
  • Does this home fit my budget? The VA home mortgage calculator helps you avoid sticker shock at loan closing. Because it considers many factors that can be included in a monthly payment — including the VA funding fee — our calculator provides a more accurate view of just how much a home will cost each month.
  • Should I make a down payment? VA mortgages are known for not requiring a down payment, but putting some money toward your loan reduces the VA funding fee. It’s another what-if situation to consider in loan calculations.

cheatgame.info’s VA loan calculator is one tool to help you answer the question “How much house can I afford?” There are many other questions to consider when making the jump into homeownership:

  • Should I choose a long-term or shorter-term VA loan? Of course, there is a big difference between the housing needs and a home’s “shelf life” for active-duty mi...
See all

VA mortgage monthly payment 101

Many first-time homebuyers consider only principal and interest when calculating their potential monthly mortgage payment. The cheatgame.info VA loan calculator factors in all of the typical costs, including:

  • Principal. The amount you paid for your home and are financing, minus your down payment, if any. For example, if you buy a $400,000 house and put down $40,000, the principal would be $360,000.
  • Interest. The interest rate to be paid on the loan.
  • Property taxes. Taxes assessed on your home and land each year, which are often collected into and paid from an escrow account.
  • The VA funding fee. This fee can either be paid upfront at closing or rolled into the principal of your loan. Remember, you can see what the VA funding fee will be on your mortgage when you click on “Total cost breakdown.” Then, you can add that amount to “How much do you expect to spend on a home” under “Mortgage Details” and your monthly payment will reflect the financed VA funding fee.
  • Homeowners association (HOA) fee. In some subdivision and condo associations, you pay for improvements and upkeep on shared amenities. These HOA dues are sometimes included in your monthly payment.

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