Use this simple VA mortgage loan calculator to help you figure out a rough estimate of your mortgage payment. Contact Us now in order to go more in depth.
Amount Financed: Purchase Price (-) Down Payment (+) VA Funding Fee
VA Funding Fee: One time fee paid to the VA to fund the loan. Calculated by type of service, loan amount, amount down and subsequent VA Loan usage.
Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home’s value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home’s value but can change based on insurer. Your Loan Officer can help you determine property tax and insurance rates in your area.
*Please Note: All figures are estimates. Contact a VA Mortgage Specialist to determine your exact payment expectations.