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VA Loan Calculator

Estimate monthly payments on a VA loan. No PMI, competitive rates, and no down payment required for eligible veterans.

Updated April 2026

Monthly payment (PITI)

$2,662

P&I

$2,212

Tax

$350

Insurance

$100

Loan amount: $350,000

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What it does

A VA loan calculator for eligible veterans, active-duty service members, and surviving spouses. VA loans allow zero down payment, no private mortgage insurance (PMI), and competitive interest rates. There is a one-time VA funding fee (typically 1.25-3.3% of the loan) unless exempted for disability.

No PMI is the big math advantage. On a $350,000 home with zero down, a conventional loan would require PMI until 20% equity is built up — often $200-$300/month. VA loans skip that entirely, which is why the effective monthly payment can be much lower than an equivalent conventional path.

Example input & output

Input

Home price: $350,000
Down: $0
Rate: 6.5%
Term: 30 years

Output

P&I: $2,213/mo
Taxes: $350/mo
Insurance: $100/mo
Total PITI: $2,663/mo

Zero down + no PMI saves roughly $200-$300/month vs an equivalent conventional 0-3% down loan.

How to use it

  1. Enter the home price.
  2. Set down payment to 0 unless you want to reduce your funding fee.
  3. Enter the VA rate (often slightly below conventional).
  4. Include property tax and insurance.
  5. Factor the funding fee into closing costs, not monthly.

When to use this tool

  • When eligible and intending to use the home as a primary residence.
  • Refinancing from a conventional loan into a VA loan.

When not to use it

  • Investment properties (VA loans are primary-residence only).
  • Non-eligible buyers — conventional or FHA instead.

Common use cases

  • Eligible veterans comparing VA vs conventional options.
  • Active-duty service members planning a purchase with minimal cash.
  • Surviving spouses of eligible veterans.

Frequently asked questions

How do I prove VA eligibility?
Request a Certificate of Eligibility (COE) from the VA. Most lenders can submit the request on your behalf.
Is there a loan limit for VA loans?
Veterans with full entitlement have no VA loan limit, though lenders may cap at their own comfort. Partial-entitlement buyers have limits based on county.