Military & VA Mortgage Calculator
Whether you're using your hard-earned VA loan benefit or comparing conventional financing, this calculator walks through the VA Funding Fee, military status, taxes, insurance and HOA dues to give you a realistic monthly payment — plus an amortization schedule and affordability estimate.
This schedule reflects principal & interest only on your loan amount (including any financed VA Funding Fee or upfront FHA MIP). It does not include taxes, insurance or HOA dues.
| Period | Payment | Principal | Interest | Remaining Balance |
|---|
VA loans are a government-backed home financing benefit available to eligible Veterans, active-duty service members, members of the Reserves and National Guard, and certain surviving spouses who hold a valid Certificate of Eligibility (COE). Because the loan is backed by the Department of Veterans Affairs, it comes with advantages you generally won't find with conventional or FHA financing:
The VA Funding Fee is a one-time fee paid to the Department of Veterans Affairs — not to a lender — that helps keep the VA loan program funded for future generations of Veterans, since VA loans don't require monthly mortgage insurance. It can be paid in cash at closing or rolled into your total loan balance.
| Down Payment | First-Time Use | Subsequent Use |
|---|---|---|
| Less than 5% | 2.15% | 3.30% |
| 5% – 9.99% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
VA Interest Rate Reduction Refinance Loans (IRRRL) carry a flat 0.50% fee. VA Cash-Out Refinances are charged 2.15% on first use and 3.30% on subsequent use, regardless of equity. Reserve and National Guard members now pay the identical schedule as Regular Military and Veteran borrowers.
These are two different questions. The Payment Calculator tells you what a specific home price and loan will cost you each month. The Affordability Estimator works backward from your income and debts to suggest a realistic price range before you start house-hunting. A good rule of thumb: figure out what you can comfortably afford first, then use the payment calculator to test specific homes against that budget.
Every mortgage payment is split between principal (paying down what you borrowed) and interest (the cost of borrowing it). Early in the loan, more of each payment goes toward interest; later, more goes toward principal. The Amortization Schedule tab shows this shift year by year — or month by month — for the full life of your loan.