Keyword focus: va loan mortgage calculator
VA Loan Mortgage Calculator
Leverage your VA entitlement to compare zero-down payments and funding fee choices.
Model zero-down and reduced funding fee scenarios based on your service category.
VA loans offer competitive rates and no mortgage insurance, but the funding fee and entitlement rules can be confusing. This page walks you through the trade-offs so you maximize the benefit.
What to review
- Test zero-down payments against optional down payments to reduce the funding fee.
- Compare funding fee rates for first-time versus subsequent use.
- Check how disability status or Purple Heart eligibility can eliminate the funding fee.
Quick tips
- Verify eligibility
- Request your Certificate of Eligibility early so you know your entitlement amount before shopping for homes.
- Remember occupancy rules
- VA loans require you to occupy the property within 60 days. Factor that timeline into new construction purchases.
- Budget for reserves
- While the VA does not mandate reserves, some lenders want two months of payments for multi-unit properties.
Common questions
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How is the VA funding fee calculated?
It is a percentage of your loan amount that varies by down payment and prior use. Enter both variables to see how the fee changes.
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Can I roll the funding fee into the loan?
Yes, most borrowers finance it. Increase the loan balance in the calculator to confirm the impact on payment and total interest.
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Does the VA require PMI?
No. The VA guarantee removes private mortgage insurance, which is why payments can be lower than conventional loans even with zero down.