Funding fee
The funding fee depends on the borrower, use of the benefit and down payment. It may be financed or paid at closing. Verified exemptions should be entered as exempt—not approximated from the fee rate.
VA purchase analysis
Price the loan, funding fee, cash needs and a conventional alternative.
Model a VA-backed purchase with full or remaining entitlement, an appraisal gap, recurring ownership costs and optional prepayments. This worksheet does not determine eligibility or replace a lender quote.
Decision guide
How to read a VA mortgage estimate
A VA loan has the same core amortization math as other fixed-rate mortgages, but entitlement, appraisal rules and the one-time funding fee change the cash and principal picture.
Entitlement
Full entitlement generally is not constrained by a VA loan limit, though lender underwriting and the appraisal still constrain the transaction. Remaining entitlement requires lender and VA confirmation.
Payment budget
A principal-and-interest quote is incomplete. Compare tax, homeowners insurance, HOA, maintenance, other debts and cash reserves before deciding what is affordable.
No automatic approval
A Certificate of Eligibility, acceptable credit and income, occupancy, appraisal and lender underwriting still apply.
Appraisal gap
The VA appraisal supports value; it does not guarantee the purchase price. Contract protections and negotiation can matter when value comes in low.
Compare real offers
Enter lender-specific rates, credits, points and fees. Conventional PMI may later end, while a financed VA funding fee remains in principal until repaid.
Simple by design
Three steps to a clearer number.
Enter your details
Use realistic values in each field. You can change them anytime.
Calculate instantly
The formula runs locally, so there is no account or waiting time.
Use the result
Treat the answer as a practical estimate for your next decision.