Buyer Tools
VA Mortgage Calculator
Estimate your monthly payments with your VA loan benefits. No down payment required, no private mortgage insurance (PMI).
Loan Parameters
$450,000
$0
$0
Estimated Monthly Payment
$3,918
Principal & Interest$2,905
Property Taxes (Est.)$825
Homeowners Insurance (Est.)$188
Private Mortgage InsuranceWaived (VA Benefit)
Get VA Pre-Approved
See exactly what you qualify for in today's market. No obligation.
Current Rate Trends
National Averages30-Year Fixed
6.87%
+0.05%
15-Year Fixed
6.12%
-0.03%
VA 30-Year Fixed
6.25%
-0.08%
FHA 30-Year Fixed
6.35%
0.00%
5/1 ARM
6.45%
+0.10%
*Rates are estimates for informational purposes only. Actual rates vary based on credit score, down payment, and market conditions. Consult a licensed lender for exact figures.
VA vs. FHA Comparison
See why the VA loan is the superior benefit for those who served.
VA Home Loan
- 0% Down PaymentNo down payment required for eligible veterans and service members.
- No Monthly PMISaves hundreds per month compared to FHA or Conventional loans.
- Lower Interest RatesTypically 0.25% - 0.50% lower than FHA or Conventional rates.
- Funding Fee WaiverWaived for veterans with a 10% or higher disability rating.
FHA
FHA Home Loan
- 3.5% Down PaymentRequires a minimum of 3.5% of the purchase price as a down payment.
- Lifetime MIPMortgage Insurance Premium (MIP) is required for the life of the loan.
- Standard Market RatesCompetitive, but usually higher than VA loan interest rates.
- No Fee WaiversUpfront Mortgage Insurance (UFMIP) is mandatory for all borrowers.
On a $400,000 home, a VA loan can save you over $300 per month and $14,000 in upfront costs compared to FHA.
How we calculated this