Calculate monthly payment, VA Funding Fee, total interest, and full amortization schedule for VA home loans. Supports zero down payment, funding fee financing, disability exemption, and extra prepayments.
Extra amount paid toward principal each month to shorten term and save interest.
| Period | Payment | Interest | Principal | Remaining Balance |
|---|---|---|---|---|
| Click Calculate VA Mortgage to generate schedule | ||||
This calculator is specifically designed for VA home loans. It automatically calculates the VA Funding Fee based on current VA guidelines, supports zero-down financing, disability exemptions, funding fee financing, and shows the powerful impact of extra monthly prepayments on loan term and total interest paid.
| Input | Definition & Guidance | Sample |
|---|---|---|
| Home Purchase Price | The agreed purchase price of the home before any fees or down payment | $450,000 |
| Down Payment ($ / %) | Amount paid upfront. VA loans allow $0 down. Both fields sync automatically. | $0 (0%) |
| Loan Term | Length of the mortgage in years (15, 20, 25, or 30 are most common) | 30 years |
| Interest Rate | Current VA loan interest rate (shop lenders — VA rates are often very competitive) | 6.25% |
| VA Loan Usage | First-time use vs subsequent use. Affects the funding fee percentage. | First-Time Use |
| Service-related Disability ≥10% | Check this box if you have a qualifying VA disability rating. Funding fee is waived (0%). | Unchecked |
| Finance VA Funding Fee | Most veterans finance the fee into the loan. Uncheck only if paying cash at closing. | Checked |
| Extra Monthly Prepayment | Additional amount paid toward principal every month. Dramatically reduces total interest and shortens the loan term. | $200 |
| Down Payment | First-Time Use | Subsequent Use |
|---|---|---|
| Less than 5% | 2.15% | 3.30% |
| 5% – 9.99% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
Funding fee is waived entirely if you have a service-connected disability of 10% or higher. The fee can be financed into the loan amount.
Rate is looked up from the official VA table based on your down payment percentage and whether this is your first VA loan or a subsequent use. If you have a qualifying disability, rate = 0%.
If "Finance Funding Fee" is checked:
Final Loan = (Home Price − Down Payment) + Funding Fee
Otherwise Final Loan = Home Price − Down Payment
Each month: Interest = Balance × Monthly Rate
Principal portion = (Base EMI + Extra Prepayment) − Interest
New Balance = Previous Balance − Principal portion
The loan pays off early when balance reaches zero. Total interest saved is automatically calculated.