VA Loan Calculator

Estimate your VA loan monthly payment with zero down payment and no PMI. Free VA loan calculator for veterans.

principal

loan

Result

1,798.65

Breakdown

Loan Amount
300,000
Down payments below 20% require PMI.

Frequently Asked Questions

How are monthly mortgage payments calculated?▼
Monthly mortgage payments use the amortization formula M = P[r(1+r)^n]/[(1+r)^n-1], where P is the loan amount, r is the monthly interest rate, and n is the number of payments.
What is PMI and when do I need it?▼
PMI (Private Mortgage Insurance) is typically required when your down payment is less than 20% of the home price. It protects the lender, not you.

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