Our VA mortgage calculator shows what your monthly payment could look like if you decide to buy a home.
All you need to know is:
Please be aware the mortgage calculator is meant to be used as an educational tool. The final amount shown is not guaranteed.
Consult your financial advisors and appropriate government agencies for any effect on taxes or government benefits. Calculator disclaimer: The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Subject to credit approval. Terms and conditions may apply. Subject to VA eligibility requirements. Property insurance is required on all loans secured by property.
This tool is optimized for VA purchase mortgages, i.e., estimating the monthly payment when you use your VA loan to buy a home. If you’re looking for refinance or construction scenarios, contact a VA loan specialist.
Yes. You can choose from first-time use, subsequent use, or indicate eligibility for a possible exemption (for example, due to service-connected disability). The calculator factors that into the overall estimated payment.
No, using the calculator will not affect your credit score. This is a soft estimate only and does not involve any credit checks or hard pulls.
It provides a close estimate based on your inputs. The actual payment you might qualify for depends on factors like your credit profile, property location, final interest rate offered, and other underwriting criteria.
Yes. You can input estimates for property taxes, homeowners’ insurance, and (if applicable) HOA dues to get a clearer picture of potential monthly costs.
Absolutely. You can switch between common term lengths (e.g. 15 or 30 years) and experiment with different interest rates to see how your potential monthly payment changes.
Yes. Adding a down payment lowers the loan amount and can reduce the VA funding fee, which in turn lowers the estimated monthly payment given by the calculator.
Yes. If you qualify for a VA funding fee exemption (for example, due to a service-connected disability), mark that option in the calculator, and it will adjust accordingly.
After you get your estimate, you can reach out to a VA loan expert at The Federal Savings Bank to get a more precise quote, begin the application, or verify your eligibility and Certificate of Eligibility (COE).
This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.
