VA Loans for Military Veterans and Active Duty

VA loan mortgage calculators will help you find ways to lower your monthly VA loan payments, consolidate loans, compare different VA loans, or understand how much you can afford to borrow.
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Additional Resources for VA Benefits
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VA Mortgage Calculator

This VA loan calculator allows you to estimate your monthly va loan payment based on rate, loan amount and number of months.
Veteran Home Loans Rates  for  7/27/2008

30 Year Fixed
-----------------
0.000 points
6.500%
6.618% APR
15 Year Fixed
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0.000 points
6.500%
6.500% APR
Hybrid 3/1 ARM
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0.000 points
7.500%
8.000% APR



Frequent Question # 1:
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Definition of a VA Loan - What is a VA loan?
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The VA loan began in 1944 through the original Servicemen's Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to provide housing and assistance for veterans and their families, and the dream of home ownership became a reality for millions of veterans. VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms. -- -- -- -- -- -- -- --

>> VA Loan Testimonials

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VA Mortgage - Loan Consolidation Calculator


Calculators >>

-- How much can I borrow?
-- How much can I afford?
-- How much are my VA loan payments?
-- Show my VA loan amortization schedule.
-- Compare 3 different veteran mortgages.
-- How much can I save by consolidating?

  # of Pmts Interest Rate Principal Monthly Payment Total Interest    
Debt #1
Debt #2
Debt #3
Debt #4
Debt #5
Debt #6
Debt #7
Debt #8
Debt #9
Debt #10
 
  # of Pmts Interest Rate Total Debt Monthly Payment Total Interest    
Loan

DISCLAIMER: The prequalification 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.



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