These educational calculators set out to illustrate various mortgage-related scenarios or comparisons and should not be construed as an offer to lend.

Please refer to our formal disclaimer for more information.

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Benjamin Hulshof

Windmill Mortgage Services LLC

President/Mortgage Consultant

NMLS 216697 | LO.02757.000

(614) 362-6828

ben@windmillmortgage.com

www.windmillmortgage.com

VA Housing Payment Calculator

Have you had a VA loan Previously
Are you receiving service related disability
Did you serve as a Reservist
Monthly Payment
VA Funding Fee
Purchase Price
Taxes
Insurance
Condo Fees
Down Payment
Max. Loan Amount
Rate / APR
/
Loan Term
Click to Open Net Cost Analysis Section
Adjust your Marginal Tax Bracket
Tax Savings on Mortgage Interest
Tax Savings on Real Estate Taxes
Deductible % of Condo/Coop Fee
Tax Savings on Condo/Coop or HOA Fee
Adjust the expected Rate of Appreciation
Total Payment
-
Principal
-
Tax Savings
-
Appreciation
=
Net Cost
How does the VA Funding Fee work?
VA Purchase Loans
Down Payment < 5%
2.15% - First time VA loan user (non-reservist) 2.40% - First time VA loan user (reservist) 3.30% - Subsequent use VA borrowers
5% to 9.99% Down Payment
1.50% - non-reservist 1.75% - reservist
10% or more Down Payment
1.25% - non-reservist 1.50% - reservist
VA Refinance Loans
Cashout Refinance
2.15% - First time VA loan user (non-reservist) 2.40% - First time VA loan user (reservist) 3.30% - Subsequent use VA borrowers
Note: All VA loan refinances that are not Interest Rate Reduction Refinance Loans (IRRRL) are considered cashout refinances. Interest Rate Reduction Refinance Loan 0.05% - VA IRRRL
VA Funding Fee Exemption
Veterans with service related disability of 10% or more are exempt from the VA funding fee in most cases. Your certificate of eligibility will state your exempt status.
What are the VA Loan Limits where I live?

VA Conventional/Conforming Loan Limit Look Up

Choose State

Choose County

County Loan Limit
This information does not constitute an application nor a Good Faith Estimate. Every effort has been made to assure the accuracy of the information and mathematical calculations provided by these calculators however, the provider, makes no guarantee and maintains no liability for use of or reliance upon the results. These calculations represent "what if" scenarios, are educational in nature and where projections are illustrated, they are not intended to predict future performance of the markets and/or specific properties.

The information contained in these calculators and reports is for informational purposes only. The use, presentation or receipt of this information does not constitute an offer to lend, an application, a Good Faith Estimate, or estimate of fees. Where included, interest rates are subject to change at any time and are not intended to be viewed as the current market rate. Annual Percentage Rates (APRs) can also vary at any time and are presented as approximations. APRs shown here are generally calculated conservatively and may be higher than the actual current market APR, which will be determined and disclosed upon request of a formal Good Faith Estimate or upon application for financing. Every effort has been made to assure the accuracy of the information and mathematical calculations; however, the provider makes no guarantee and maintains no liability for use of or reliance upon the results. Formulation of a scenario using these tools does not mean that the results are guaranteed. All loan products have guidelines, and those rules or tolerances will vary based upon many factors, including but not limited to loan to value ratios, income, employment history, debts, assets, creditworthiness, and underwriter's review and approval.