VA Loan Calculator
Estimate your VA loan payment, including the VA funding fee, taxes, insurance, and HOA dues. Built for eligible veterans, active-duty service members, and surviving spouses buying in Arizona.
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Get a Rate QuoteHow VA Loans Work
VA loans are backed by the Department of Veterans Affairs and allow eligible veterans, active-duty service members, and surviving spouses to purchase a home with no down payment and no monthly private mortgage insurance. Most borrowers pay a one-time VA funding fee, which can be financed into the loan or paid at closing.
The funding fee percentage depends on your down payment, whether it's your first use of VA loan benefits, and your service category. Veterans with a service-connected disability rating are often exempt from the funding fee entirely.
How to Use This Calculator
- VA Funding Fee — defaults to a common first-use rate. Adjust based on your specific situation, or enter 0% if you're exempt due to a disability rating.
- Down Payment — most VA borrowers put 0% down, but you can enter any amount to see how it changes your funding fee and payment.
Frequently Asked Questions
Do I have to pay the VA funding fee?
Most borrowers do, but veterans receiving VA disability compensation, Purple Heart recipients, and certain surviving spouses are typically exempt. Your loan officer can confirm your exemption status.
Can I really buy a home with $0 down using a VA loan?
Yes, for eligible borrowers, VA loans allow financing up to 100% of the home's value with no down payment required, subject to loan limits and the property meeting VA minimum requirements.
Is there monthly mortgage insurance on a VA loan?
No. VA loans do not require monthly private mortgage insurance (PMI), regardless of down payment, which is one of their biggest advantages over conventional and FHA financing.
Can I use a VA loan more than once?
Yes. VA loan benefits can be reused, including for multiple properties over your lifetime, as long as you have remaining entitlement and meet occupancy and eligibility requirements each time.
