The VA mortgage calculator estimates your monthly payment including principal, interest, property taxes, and homeowners insurance. Unlike FHA or conventional calculators, it does not include monthly mortgage insurance since VA loans do not require it. It does factor in the one-time VA funding fee, which can be financed into the loan amount.

VA loan payments are typically lower because there is no monthly mortgage insurance requirement, and VA loans often offer competitive interest rates due to the government guarantee. The VA funding fee is a one-time cost, not a recurring monthly charge. This combination can save veterans hundreds of dollars per month compared to equivalent FHA or conventional loans.

Yes, most borrowers finance the VA funding fee into their loan amount, which slightly increases your monthly payment. For a $300,000 loan with a 2.15% funding fee, this adds $6,450 to your loan balance. However, if you have a service-connected disability, you are exempt from this fee entirely.

With zero down payment on a VA loan, your entire purchase price becomes the loan amount plus the funded VA funding fee. While this means higher monthly payments than if you put money down, the absence of mortgage insurance still makes VA loans extremely competitive. Even with 100% financing, VA loans often have lower total monthly costs than conventional loans with 10% down.

Yes, many states offer property tax exemptions for disabled veterans. You can adjust the property tax field in the calculator to reflect your exemption amount. These exemptions can significantly reduce your monthly payment, sometimes by $200-$500 depending on your disability rating and local tax rates.