VA Mortgage Calculator
Estimate a VA mortgage using down-payment tiers and funding-fee exemption.
Calculate monthly payments, annual expenses, and dated extra principal payments.
Result
- Principal
- Interest
Each tax and cost grows annually at its own rate. Conventional PMI follows the selected duration or original-value LTV policy. FHA MIP uses the base loan and explicit MIP duration; property appreciation is not used for cancellation.
Calculation details
Scroll horizontally or vertically to see more. Download CSV for the complete schedule.
| Month | Date | Payment | Interest | Principal | Balance | Taxes & costs | Total |
|---|---|---|---|---|---|---|---|
| 1 | 2026-10 | 1,942.54 | 1,620 | 322.54 | 323,677.46 | 525 | 2,467.54 |
| 2 | 2026-11 | 1,942.54 | 1,618.39 | 324.16 | 323,353.30 | 525 | 2,467.54 |
| 3 | 2026-12 | 1,942.54 | 1,616.77 | 325.78 | 323,027.52 | 525 | 2,467.54 |
| 4 | 2027-01 | 1,942.54 | 1,615.14 | 327.41 | 322,700.12 | 525 | 2,467.54 |
| 5 | 2027-02 | 1,942.54 | 1,613.50 | 329.04 | 322,371.07 | 525 | 2,467.54 |
| 6 | 2027-03 | 1,942.54 | 1,611.86 | 330.69 | 322,040.39 | 525 | 2,467.54 |
| 7 | 2027-04 | 1,942.54 | 1,610.20 | 332.34 | 321,708.04 | 525 | 2,467.54 |
| 8 | 2027-05 | 1,942.54 | 1,608.54 | 334.00 | 321,374.04 | 525 | 2,467.54 |
| 9 | 2027-06 | 1,942.54 | 1,606.87 | 335.67 | 321,038.37 | 525 | 2,467.54 |
| 10 | 2027-07 | 1,942.54 | 1,605.19 | 337.35 | 320,701.01 | 525 | 2,467.54 |
| 11 | 2027-08 | 1,942.54 | 1,603.51 | 339.04 | 320,361.98 | 525 | 2,467.54 |
| 12 | 2027-09 | 1,942.54 | 1,601.81 | 340.73 | 320,021.24 | 525 | 2,467.54 |
| 13 | 2027-10 | 1,942.54 | 1,600.11 | 342.44 | 319,678.80 | 525 | 2,467.54 |
| 14 | 2027-11 | 1,942.54 | 1,598.39 | 344.15 | 319,334.65 | 525 | 2,467.54 |
| 15 | 2027-12 | 1,942.54 | 1,596.67 | 345.87 | 318,988.78 | 525 | 2,467.54 |
| 16 | 2028-01 | 1,942.54 | 1,594.94 | 347.60 | 318,641.18 | 525 | 2,467.54 |
| 17 | 2028-02 | 1,942.54 | 1,593.21 | 349.34 | 318,291.85 | 525 | 2,467.54 |
| 18 | 2028-03 | 1,942.54 | 1,591.46 | 351.08 | 317,940.76 | 525 | 2,467.54 |
| 19 | 2028-04 | 1,942.54 | 1,589.70 | 352.84 | 317,587.92 | 525 | 2,467.54 |
| 20 | 2028-05 | 1,942.54 | 1,587.94 | 354.60 | 317,233.32 | 525 | 2,467.54 |
| 21 | 2028-06 | 1,942.54 | 1,586.17 | 356.38 | 316,876.94 | 525 | 2,467.54 |
| 22 | 2028-07 | 1,942.54 | 1,584.38 | 358.16 | 316,518.78 | 525 | 2,467.54 |
| 23 | 2028-08 | 1,942.54 | 1,582.59 | 359.95 | 316,158.83 | 525 | 2,467.54 |
| 24 | 2028-09 | 1,942.54 | 1,580.79 | 361.75 | 315,797.08 | 525 | 2,467.54 |
| 25 | 2028-10 | 1,942.54 | 1,578.99 | 363.56 | 315,433.52 | 525 | 2,467.54 |
| 26 | 2028-11 | 1,942.54 | 1,577.17 | 365.38 | 315,068.15 | 525 | 2,467.54 |
| 27 | 2028-12 | 1,942.54 | 1,575.34 | 367.20 | 314,700.95 | 525 | 2,467.54 |
| 28 | 2029-01 | 1,942.54 | 1,573.50 | 369.04 | 314,331.91 | 525 | 2,467.54 |
| 29 | 2029-02 | 1,942.54 | 1,571.66 | 370.88 | 313,961.02 | 525 | 2,467.54 |
| 30 | 2029-03 | 1,942.54 | 1,569.81 | 372.74 | 313,588.28 | 525 | 2,467.54 |
| 31 | 2029-04 | 1,942.54 | 1,567.94 | 374.60 | 313,213.68 | 525 | 2,467.54 |
| 32 | 2029-05 | 1,942.54 | 1,566.07 | 376.48 | 312,837.21 | 525 | 2,467.54 |
| 33 | 2029-06 | 1,942.54 | 1,564.19 | 378.36 | 312,458.85 | 525 | 2,467.54 |
| 34 | 2029-07 | 1,942.54 | 1,562.29 | 380.25 | 312,078.60 | 525 | 2,467.54 |
| 35 | 2029-08 | 1,942.54 | 1,560.39 | 382.15 | 311,696.45 | 525 | 2,467.54 |
| 36 | 2029-09 | 1,942.54 | 1,558.48 | 384.06 | 311,312.39 | 525 | 2,467.54 |
How to use this calculator
Calculate monthly payments, annual expenses, and dated extra principal payments. Enter amounts in the units shown, select the applicable options, and click Calculate. Use Reset to restore the starting values.
Calculation formula
Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.
Assumptions and accuracy
Review timing, rates, fees and result notes when comparing scenarios. Future returns and rates are assumptions rather than guaranteed outcomes. Monetary display follows the currency’s precision; intermediate calculations retain additional digits.
Choose what to calculate
VA mortgage calculator with funding fee
Estimate a VA mortgage payment with the selected funding-fee treatment, exemption and ownership costs. Confirm your eligibility separately.
Open this calculationUnderstanding this calculation
Estimate VA mortgage payments using the selected funding-fee treatment and exemption assumption. Compare principal and interest with the full initial housing cost.
Worked examples
VA payment with an assumed funding-fee exemption
Illustrative inputs are specified in the steps below; the example link loads the complete settings. Unmentioned settings use the linked defaults.
- With assumed exemption, no down payment and a zero illustrative rate, 120,000 / 120 = 1,000 monthly principal and interest. Actual exemption eligibility is not determined here.
Monthly principal & interest: 1,000 USD.
Try these inputsCommon questions
Is a VA funding-fee exemption automatic?
No. Selecting an exemption here is an input assumption; actual eligibility must be established separately.
Is the mortgage payment the same as my total housing expense?
No. Property taxes, homeowners insurance, HOA charges and other entered costs can increase the monthly total.
Scope and assumptions
The tool does not establish VA entitlement, exemption eligibility, lender approval or a guaranteed rate. Enter the correct loan facts.
Sources
- Calculation methodology, rule versions and testing limitations
- Reference calculator for feature comparison (not a model-parity certification)
Calculation notes checked . Examples are mathematical checks under the stated assumptions.
Calculation methods and formulas
VA Mortgage
Calculate monthly payments, annual expenses, and dated extra principal payments.
Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.
Biweekly Comparison
Calculate monthly payments, annual expenses, and dated extra principal payments.
Payment = P × i / (1 − (1+i)^−N), with a period-by-period balance schedule.
See our calculation methodology and review status for data versions, rounding and validation limitations.