VA Mortgage Calculator
Calculate monthly VA home loan payments, statutory VA Funding Fees, 0% down financing options, lifetime interest, and dynamic amortization schedules.
VA Mortgage Calculator
Calculate monthly VA home loan payments, statutory VA Funding Fees, 0% down financing options, lifetime interest, and dynamic amortization schedules for military service members and veterans.
• No Monthly PMI: VA loans do not require ongoing monthly private mortgage insurance regardless of your down payment.
• VA Funding Fee: A one-time statutory fee determined by your service category, prior usage, and down payment. Disabled veterans and surviving spouses are 100% exempt ($0 fee).
VA Loan & Service Eligibility
$3,284.92
Total Monthly with Escrow: $3,284.92Loan Summary Overview
| House Price | $500,000.00 |
| VA Funding Fee (2.15%) | $10,750.00 |
| Down Payment | $0.00 |
| Loan Amount | $510,750.00 |
| Total of 360 Mortgage Payments | $1,182,572.37 |
| Total Interest | $671,822.37 |
Principal vs. Interest Breakdown
Amortization Schedule
Review annual and monthly loan balances, principal accumulation, and interest paid.
Balance & Cumulative Interest Trajectory
| Year | Interest | Principal | Ending Balance |
|---|---|---|---|
| Year 1 | $33,889.86 | $5,529.22 | $505,220.78 |
| Year 2 | $33,509.69 | $5,909.39 | $499,311.39 |
| Year 3 | $33,103.38 | $6,315.70 | $492,995.69 |
| Year 4 | $32,669.14 | $6,749.94 | $486,245.75 |
| Year 5 | $32,205.04 | $7,214.04 | $479,031.71 |
| Year 6 | $31,709.03 | $7,710.05 | $471,321.67 |
| Year 7 | $31,178.92 | $8,240.16 | $463,081.50 |
| Year 8 | $30,612.36 | $8,806.72 | $454,274.78 |
| Year 9 | $30,006.84 | $9,412.24 | $444,862.55 |
| Year 10 | $29,359.69 | $10,059.39 | $434,803.16 |
| Year 11 | $28,668.05 | $10,751.03 | $424,052.13 |
| Year 12 | $27,928.85 | $11,490.23 | $412,561.91 |
| Year 13 | $27,138.83 | $12,280.25 | $400,281.65 |
| Year 14 | $26,294.49 | $13,124.59 | $387,157.06 |
| Year 15 | $25,392.09 | $14,026.99 | $373,130.07 |
| Year 16 | $24,427.65 | $14,991.43 | $358,138.65 |
| Year 17 | $23,396.90 | $16,022.18 | $342,116.47 |
| Year 18 | $22,295.28 | $17,123.80 | $324,992.66 |
| Year 19 | $21,117.91 | $18,301.17 | $306,691.50 |
| Year 20 | $19,859.59 | $19,559.48 | $287,132.01 |
| Year 21 | $18,514.76 | $20,904.32 | $266,227.69 |
| Year 22 | $17,077.46 | $22,341.62 | $243,886.08 |
| Year 23 | $15,541.34 | $23,877.74 | $220,008.34 |
| Year 24 | $13,899.60 | $25,519.48 | $194,488.86 |
| Year 25 | $12,144.98 | $27,274.10 | $167,214.77 |
| Year 26 | $10,269.72 | $29,149.36 | $138,065.41 |
| Year 27 | $8,265.53 | $31,153.55 | $106,911.86 |
| Year 28 | $6,123.53 | $33,295.55 | $73,616.31 |
| Year 29 | $3,834.26 | $35,584.82 | $38,031.49 |
| Year 30 | $1,387.59 | $38,031.49 | $0.00 |
Understanding VA Loans & The VA Funding Fee
VA home loans are backed by the U.S. Department of Veterans Affairs and available to eligible active-duty military, veterans, and surviving spouses. Because the federal government guarantees a portion of the loan, lenders provide favorable terms with 0% down payment and no ongoing monthly PMI.
0% Down Payment
Qualified borrowers can purchase a primary residence without any upfront down payment while avoiding costly monthly private mortgage insurance (PMI).
Statutory Funding Fee
A one-time federal fee (ranging from 1.25% to 3.30%) that sustains the VA home loan program. It can be rolled into the loan or paid in cash at closing.
Disability Exemptions
Veterans with a service-connected disability of 10% or higher, Purple Heart recipients, and surviving spouses are 100% exempt from the VA funding fee.
2026 VA Funding Fee Statutory Rate Schedule (Purchase Loans)
| Down Payment Tier | First-Time Use | Subsequent Use | Disability / Surviving Spouse |
|---|---|---|---|
| Down Payment < 5% (0% - 4.99%) | 2.15% | 3.30% | 0.00% (Exempt) |
| Down Payment 5% to < 10% (5.00% - 9.99%) | 1.50% | 1.50% | 0.00% (Exempt) |
| Down Payment ≥ 10% | 1.25% | 1.25% | 0.00% (Exempt) |
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Understanding VA Mortgage Calculator & Formula
The VA Mortgage Calculator on CalculatorScale.com is engineered to deliver instant, mathematically verified calculations conforming strictly to standard institutional equations. Whether planning long-term investments, managing household budgets, tracking clinical fitness targets, analyzing academic genetics, calculating veterinary dosages, or converting dimensional units, every calculation updates dynamically in real time without lag.
Every formula used in this tool adheres to certified international standards, including World Health Organization biometric metrics, veterinary clinical guidelines, NIST physical conversion constants, and standard biological equations. Results are computed entirely client-side inside your browser with complete data privacy, ensuring your sensitive numbers and statistics never leave your device.
Our calculators are 100% free with no registration, subscriptions, or paywalls required. You can toggle between imperial and metric units, customize input parameters, export calculation summaries, or embed this calculator directly into your own website or blog.
How to Use the VA Mortgage Calculator
- 1 Enter the target Home Price ($) and optional Down Payment (VA loans permit 0% down / 100% financing).
- 2 Select your military service category (Active/Veteran, Reservist/National Guard, or Surviving Spouse).
- 3 Specify whether you have used a VA loan before (First-Time vs. Subsequent use tier) and service-connected disability status.
- 4 Choose whether the VA Funding Fee is financed into the loan balance or paid upfront in cash at closing.
- 5 Click "Calculate" to view the monthly payment (P&I), statutory VA Funding Fee, total lifetime payments, interest breakdown donut chart, and complete annual/monthly amortization schedules.
VA Mortgage Calculator — Frequently Asked Questions
Q1 What is a VA Loan? ▾
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs. It enables qualified active-duty service members, veterans, and eligible surviving spouses to buy a home with 0% down payment, no monthly private mortgage insurance (PMI), and competitive interest rates.
Q2 What is the VA Funding Fee? ▾
The VA Funding Fee is a one-time federal statutory charge required by law to sustain the VA home loan program for future generations. It typically ranges from 1.25% to 3.30% depending on down payment and prior VA loan usage, and can be financed into the total loan amount.
Q3 Who is exempt from paying the VA Funding Fee? ▾
Veterans receiving VA compensation for a service-connected disability of 10% or higher, Purple Heart recipients on active duty, surviving spouses of service members who died in service or from service-connected causes, and veterans eligible for disability compensation are 100% exempt ($0 funding fee).
Q4 Do VA loans require monthly Private Mortgage Insurance (PMI)? ▾
No. Unlike FHA loans (which require both upfront and ongoing monthly MIP) and conventional loans with less than 20% down (which require monthly PMI), VA loans never charge monthly mortgage insurance.
Q5 What is the minimum credit score for a VA loan? ▾
The Department of Veterans Affairs does not set a minimum credit score requirement; however, most participating VA lenders establish internal benchmark requirements between 580 and 620.
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