Are you a veteran or active-duty service member? Use this va united mortgage calculator to estimate your monthly payments, factoring in the VA Funding Fee, zero down payment benefits, and no PMI requirements.
VA United Mortgage Calculator
VA United Mortgage Calculator Formula
This calculator computes the monthly payment by first adding the VA Funding Fee to the base loan amount, then amortizing that total over the loan term, and finally adding monthly escrow items:
The Financed Loan Amount is calculated as: (Home Price – Down Payment) × (1 + Funding Fee %).
Variables
- Base Loan: Purchase Price minus Down Payment.
- Funding Fee: A percentage of the base loan (e.g., 2.15% or 3.3%).
- Financed Loan: Base Loan plus the dollar amount of the Funding Fee.
- P&I: Monthly Principal & Interest based on the Financed Loan.
Related Calculators
- VA Disability Waiver Calculator
- BAH Rate Calculator
- Refinance IRRRL Calculator
- Closing Cost Estimator
What is VA United Mortgage Calculator?
A va united mortgage calculator is a specialized tool designed for the unique requirements of Veterans Affairs (VA) loans. Unlike conventional mortgages, VA loans often require no down payment and no Private Mortgage Insurance (PMI). However, they do typically include a VA Funding Fee, which can be rolled into the loan balance.
This calculator helps borrowers see the real impact of rolling that fee into their mortgage and allows them to estimate their “all-in” monthly payment including taxes and insurance, ensuring affordability for military families.
How to Calculate VA United Mortgage Calculator (Example)
Scenario: Buying a home for $300,000 with 0% down and a 2.15% Funding Fee.
- Base Loan: $300,000.
- Funding Fee: $300,000 × 2.15% = $6,450.
- Total Financed Loan: $306,450.
- P&I (6.5%, 30yr): Based on $306,450 ≈ $1,937.
- Taxes/Ins: Assume $375/mo Tax + $100/mo Insurance.
- Total Payment: $1,937 + $375 + $100 = $2,412.
Frequently Asked Questions (FAQ)
Yes. Veterans who receive compensation for a service-connected disability (and certain surviving spouses) are exempt from paying the VA Funding Fee. You can enter “0” in the fee field if you are exempt.
No. VA loans are backed by the federal government, which eliminates the need for Private Mortgage Insurance (PMI), saving borrowers significant money each month compared to FHA or conventional loans with low down payments.
While the VA doesn’t set a cap on how much you can borrow, lenders (like VA United) will still qualify you based on your income, debts (DTI), and credit score. However, for eligible borrowers with full entitlement, there are no loan limits for 0% down.
Yes. This calculator works for purchase loans. For a VA Interest Rate Reduction Refinance Loan (IRRRL), the funding fee is typically lower (0.5%), which you can adjust in the input field.