Prospective VA home loan buyers should answer the question, “what is the monthly payment of a home if I use a VA loan?” By getting an estimate on how much a home will cost with a VA loan you can avoid wasting time by only looking at homes that you can afford. This calculator will also help you make smarter financial decisions throughout the home searching and purchasing process. VA loan limits change based on the location the home is purchased in. Please keep this in mind when entering in your location information. Please understand that this calculator is merely a starting point for estimating monthly home payments.
Assumptions: Increasing Accuracy
By clicking on the + assumptions link, users can alter some of the calculations by inputting actual tax, homeowners association dues, disability status, loan term, home type, and credit score. This allows users to fine-tune their monthly payment.