 |
VA Mortgage Calculator
Compute up to three VA loans and compare the results for a new veteran mortgage.
Veteran Home Loans Rates for 7/27/2008
|
30 Year Fixed
-----------------
0.000 points
6.500%
6.618% APR
|
 |
15 Year Fixed
-----------------
0.000 points
6.500%
6.500% APR
|
 |
Hybrid 3/1 ARM
-----------------
0.000 points
7.500%
8.000% APR
|
 |
 |
 |
 
Frequent Question # 23:
-- -- -- -- -- -- -- --
Does the VA Charge A Fee? - Are there fees associated with my VA home loan?
-- -- -- -- -- -- -- --
There is a "VA funding fee" required by law. A first-time buyer will pay a little over two percent for a 'no money down' loan, and a second time buyer's fee is just above three percent. The reason for the fee includes the idea that the veteran is reducing taxpayer burden by contributing to the cost of his VA mortgage. The higher fee for second-time borrowers presumes that there is equity in the home, or the borrower has had plenty of time to save in order to pay for the extra percentage. There is also a fee for VA refinance loans, and they fall within the same general price guidelines; just above two percent for first-timers and just above three percent for those who borrow again.
-- -- -- -- -- -- -- --
>> VA Loan Testimonials
-- -- -- -- -- -- -- --
MONTGOMERY GI BILL
Earning a degree online is flexible and convenient, making it easy for busy individuals to fit online courses into their lives.
University of Phoenix
DeVry University
Westwood College
CTU Online
Capella University
American Military University
Kaplan University
> more GI Bill schools
|

|
|
 |
VA Mortgage - Use this calculator to compare several different loans.
DISCLAIMER: The figures above
are based upon conventional program guidelines. Other loan programs are
available. Calculations by this tool are believed to be accurate, yet are
not guaranteed. Further review is necessary to obtain an exact qualification.
If you have less than 20% equity in your home, a monthly mortgage insurance
payment may be required.
|
|