VA Loan Calculator
VA loans are loans that are accessible to active duty service members and Veterans in Canada. Check out our VA loan calculator to see how much you could be eligible for.
A Certificate of Eligibility is necessary for VA loans, a government-backed mortgage program available only to active-duty service members, veterans, and certain military spouses (COE).
The fact that VA loans don’t demand a down payment, don’t need private mortgage insurance, and frequently have lower interest rates are just a few of its numerous benefits. Millions of veterans have successfully used these financing possibilities, which are government-guaranteed, to buy the homes of their dreams.
You may calculate your monthly payments using a VA loan mortgage calculator. Based on the data you enter, the VA loan calculator offers you individualized information.
VA Loan Calculator Definitions

Home value
This is the house’s possible buying price. Your down payment is excluded from this.
Down payment
The initial payment made toward the principal is known as the down payment. Down payments are not necessary for VA loans, and the majority of borrowers opt for $0 down.
However, if you want to make a down payment, it may lower your overall monthly payment as well as the VA funding fee, if applicable.
Interest rate
The percentage of the borrowed funds that the borrower is charged as interest is called the interest rate. The APR, which represents the actual cost of borrowing and forecasts closing expenses and fees, is included in the interest rates in the calculator.
The interest rates shown in the calculator are simply estimates and may not be the same as your actual rate. Down payment and credit score among other things may affect your true rate. To be certain you are receiving the best rate, make your research on three different VA lenders.
Loan term
This is how long you’ll have to pay back the loan. It is usually 15 or 30 years.
Credit score
Interest rates frequently change depending on several variables, including credit score. Calculate your estimated credit score to get a more precise VA loan payment.
VA funding
Options for purchase and refinancing are available with VA loans. Due to the VA funding fee, calculations for different loan types vary.
Home insurance
The liability you bear as the property owner is reduced by homeowners insurance, which also protects from damage and other risks. VA lenders will demand homeowners insurance before the closing of a loan. The annual total is divided by 12 to arrive at each monthly mortgage payment amount.
VA funding fee
This is only applied if a Veterans Affairs (VA) loan is being used to buy the home. Choosing how to use the loan and your VA status will influence the funding fee. It is necessary to pay a fee to be qualified for a VA loan.
VA Specifics
The VA funding fee is related to VA specifics. Individuals with a disability rating of more than 10%, Purple Heart recipients, and surviving spouses are excluded from the VA funding fee. A somewhat higher VA funding fee is charged to borrowers who have used a VA loan in the past but are not exempt.
Annual property tax
Based on the cost of the residence at purchase, the estimated yearly property tax is calculated. Each monthly mortgage payment is then calculated by dividing the sum by 12.

VA Loan Funding Fee
To qualify for a VA loan, applicants must normally make a one-time payment known as a VA financing fee. The cost, which ranges from 0% to 3.6% of the loan amount, depends on several variables, including the down payment amount, the veteran’s military service, the type of home, and the loan’s purpose.
When a borrower fails, this fee that supports program maintenance is applied.
The application cost is waived for applicants (or their surviving spouse) who have a 10% or greater handicap linked to their service.
The loan amount may be used to finance the VA financing fee. After negotiations to identify who will be liable for the payment of the other costs, all other payments shall be paid in cash at closing.
VA Loan Amortization Schedule
An amortization schedule for a VA loan is a summary of your monthly VA mortgage payments throughout the term of the loan. The amortization table contains the breakdown of the interest payments over time and interest.
VA Loan Prepayment
Prepayments can shorten loan terms and lower interest costs. The calculator has a section for Extra Payments where you can enter monthly, annually, or one-time payments under More Options.
Use the data to calculate the amount that extra payments can save in terms of interest paid as well as the length of the loan. Be aware that not everyone should prepay. Consider your financial circumstances carefully before making any prepayments.
The loans that the VA guarantees do not have any prepayment or early payoff fees. Thanks for checking out this VA loan calculator.
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VA Loan Calculator
Year | Principal | Interest | Payment | Balance |
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VA loans are loans that are accessible to active duty service members and Veterans in Canada. Check out our VA loan calculator to see how much you could be eligible for.
A Certificate of Eligibility is necessary for VA loans, a government-backed mortgage program available only to active-duty service members, veterans, and certain military spouses (COE).
The fact that VA loans don’t demand a down payment, don’t need private mortgage insurance, and frequently have lower interest rates are just a few of its numerous benefits. Millions of veterans have successfully used these financing possibilities, which are government-guaranteed, to buy the homes of their dreams.
You may calculate your monthly payments using a VA loan mortgage calculator. Based on the data you enter, the VA loan calculator offers you individualized information.
VA Loan Calculator Definitions

Home value
This is the house’s possible buying price. Your down payment is excluded from this.
Down payment
The initial payment made toward the principal is known as the down payment. Down payments are not necessary for VA loans, and the majority of borrowers opt for $0 down.
However, if you want to make a down payment, it may lower your overall monthly payment as well as the VA funding fee, if applicable.
Interest rate
The percentage of the borrowed funds that the borrower is charged as interest is called the interest rate. The APR, which represents the actual cost of borrowing and forecasts closing expenses and fees, is included in the interest rates in the calculator.
The interest rates shown in the calculator are simply estimates and may not be the same as your actual rate. Down payment and credit score among other things may affect your true rate. To be certain you are receiving the best rate, make your research on three different VA lenders.
Loan term
This is how long you’ll have to pay back the loan. It is usually 15 or 30 years.
Credit score
Interest rates frequently change depending on several variables, including credit score. Calculate your estimated credit score to get a more precise VA loan payment.
VA funding
Options for purchase and refinancing are available with VA loans. Due to the VA funding fee, calculations for different loan types vary.
Home insurance
The liability you bear as the property owner is reduced by homeowners insurance, which also protects from damage and other risks. VA lenders will demand homeowners insurance before the closing of a loan. The annual total is divided by 12 to arrive at each monthly mortgage payment amount.
VA funding fee
This is only applied if a Veterans Affairs (VA) loan is being used to buy the home. Choosing how to use the loan and your VA status will influence the funding fee. It is necessary to pay a fee to be qualified for a VA loan.
VA Specifics
The VA funding fee is related to VA specifics. Individuals with a disability rating of more than 10%, Purple Heart recipients, and surviving spouses are excluded from the VA funding fee. A somewhat higher VA funding fee is charged to borrowers who have used a VA loan in the past but are not exempt.
Annual property tax
Based on the cost of the residence at purchase, the estimated yearly property tax is calculated. Each monthly mortgage payment is then calculated by dividing the sum by 12.

VA Loan Funding Fee
To qualify for a VA loan, applicants must normally make a one-time payment known as a VA financing fee. The cost, which ranges from 0% to 3.6% of the loan amount, depends on several variables, including the down payment amount, the veteran’s military service, the type of home, and the loan’s purpose.
When a borrower fails, this fee that supports program maintenance is applied.
The application cost is waived for applicants (or their surviving spouse) who have a 10% or greater handicap linked to their service.
The loan amount may be used to finance the VA financing fee. After negotiations to identify who will be liable for the payment of the other costs, all other payments shall be paid in cash at closing.
VA Loan Amortization Schedule
An amortization schedule for a VA loan is a summary of your monthly VA mortgage payments throughout the term of the loan. The amortization table contains the breakdown of the interest payments over time and interest.
VA Loan Prepayment
Prepayments can shorten loan terms and lower interest costs. The calculator has a section for Extra Payments where you can enter monthly, annually, or one-time payments under More Options.
Use the data to calculate the amount that extra payments can save in terms of interest paid as well as the length of the loan. Be aware that not everyone should prepay. Consider your financial circumstances carefully before making any prepayments.
The loans that the VA guarantees do not have any prepayment or early payoff fees. Thanks for checking out this VA loan calculator.
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