![]() Funding fees are intended to offset loans that go into default-they are paid up front or are wrapped into your monthly mortgage payment. What is a funding fee?īorrowers are expected to pay funding fees in order to receive VA home loans. All of these numbers will add up to your total monthly payment. Once you click calculate, you'll see a table with your estimated loan payment, taxes and insurance and your total VA funding fee (this amount is typically added to the total mortgage amount). You'll also need to input your military status and whether or not you've used a VA loan before-these two items could potentially impact your estimates. If you don't have a home picked out yet, it's okay to guess here in order to get an estimate. How to use the VA loan mortgage calculatorĮnter the price of the home, your expected interest rate, your expected downpayment.
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