Mortgage PWA

VA Loan Calculator

United States

Monthly payment

$2,993

Biweekly

$2,284

Price & down payment

Taxes, insurance, and fees

Extra payments

Payment schedule

FAQs

VA Loan Calculator — frequently asked questions

Straight answers about taxes, PMI, extra payments, and biweekly schedules.

Do VA loans require a down payment?+

No. VA loans allow 0% down for qualified veterans and active-duty members. You may choose to put money down to reduce the funding fee or loan amount.

Is there PMI on a VA loan?+

No. VA loans do not require PMI. The VA guarantee replaces private mortgage insurance. Your monthly payment includes only principal, interest, taxes, and insurance.

What is the VA funding fee?+

The VA funding fee is a one-time fee (typically 0%–3.6% of the loan) paid at closing. Disabled veterans may be exempt. It is not included in monthly payments.

What are VA loan limits?+

VA no longer sets loan limits for full entitlement. Lenders may have their own limits. The calculator works for any loan amount.

Can I use a VA loan for a refinance?+

Yes. VA IRRRL (streamline) and VA cash-out refinances are available. Enter your loan amount and new rate to estimate payments.

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