*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score.

If you’re shopping for a VA mortgage, you’re probably asking yourself the same question again and again.

How much can I borrow?

Well, you’re in luck. A VA mortgage calculator can help you figure out how much house you can afford.

5 Best VA Mortgage Calculators

There’s just one catch.

A VA loan calculator doesn’t tell the whole story.

Though VA mortgages are backed by the US Department of Veterans Affairs, private banks and lenders issue the loans.

And getting approved for a home loan depends on factors like your credit score, income, and current interest rates.

If you get the wrong information, you could miss out on your dream house!

Still, using a mortgage loan calculator is free, and it won’t hurt your credit score.

Here are some of the best VA home loan calculators we’ve seen.


Navy Federal is a top 5 VA lender. That’s why the VA loan calculator from Navy Federal is at the top of our list.

With this VA loan amount calculator, you can select between a term of 15 or 30 years.

How do you know which is best?

A 30-year VA mortgage will stretch your payments out further. If you’re worried about your monthly payment, this is a good option because your monthly payments will be lower.

But there’s a downside.

You’ll end up paying more over the life of the loan because interest fees will also stretch out over 30 years.

Try the calculator with a 15-year term and see the difference.

You might be surprised.

A 15-year VA loan doesn’t typically increase the payment a significant amount. It can be an affordable option for some homebuyers.

Just keep in mind the Navy Federal VA loan calculator doesn’t factor in extra costs like:

  • - Taxes
  • - Insurance
  • - Funding fees
VA Home Loan Quote


Our number 2 pick for best VA home loan calculator is from USAA.

To start, enter the purchase price of the home you want to buy.

It also asks for the down payment amount and interest rate.

I can hear you now:

How do I know what the interest rate is?

Luckily, I can help.

Check out this handy list of sample interest rates by credit score.

If you’re worried about a down payment, don’t be.

One of the great things about a VA mortgage is you can buy with zero down.

When you use the VA loan calculator by USAA, you’ll notice that your payment amount will be lower if you have a down payment.

If you have the savings available, it’s a good option. 

But you can get a VA home loan without one.

VA Home Loan Quote


The PenFed VA mortgage calculator is straightforward. It asks for the price of the home, down payment, loan term, and interest rate.

There’s just one problem.

It doesn’t take into consideration property taxes or home insurance.

Why does that matter?

Because taxes and insurance are a big part of your housing costs.

And if you go with an escrow account?

Taxes and insurance will be a big part of your monthly mortgage payment. 

Plus, remember that a mortgage calculator only gives you half of the story.

It won’t tell you what your interest rate might be or check your credit score to see if you qualify for a VA mortgage.

For peace of mind, contact the Wendy Thompson Lending Team, and we’ll give you the confidence you need to buy a home.


If you like details, you’ll love the US Bank mortgage calculator. It estimates your monthly payment based on several factors, including:

  • - Purchase price
  • - Down payment
  • - Interest rate
  • - Property tax
  • - Homeowner’s insurance
  • - Term length

The calculator breaks down your payment into an easy-to-read circle graph.

How does that help?

You can see the real cost of the home compared to how much you’ll pay for taxes and insurance each month.

But wait.

There is one thing to keep in mind.

It isn’t a VA loan calculator with funding fee, so you must factor that into the overall cost.

Want help to increase your credit score?

The Wendy Thompson Lending Team can do an in-depth assessment and tell you exactly how to improve it!

VA Home Loan Quote


The Loan Depot has two options to calculate your VA mortgage payment: Basic and advanced.

The Basic option is the easiest to use.

You enter the price of the home, down payment, term, and interest rate to see a sample monthly payment.

If you want to include property tax or homeowner’s insurance, click on the advanced option.

Just remember:

Using a calculator to see how much house you can afford can be misleading.

It can give you an idea of what a monthly payment might be based on a home price.

But an online VA mortgage calculator won’t tell you if you’ll be approved for a loan or not.

That’s because it doesn’t consider your credit score, income, or other information.

If you’re serious about wanting to buy a home, you need a real answer.

Contact the Wendy Thompson Lending Team today!

Unique only to the Wendy Thompson Lending Team is our:
The Tactical VA Loan Blueprint

Deciding on the right VA lender is the most important decision you will make. Choosing the wrong lender can result in you losing your dream home or costing you hundreds of thousands of dollars in more interest over the life of your mortgage.  

Don’t make that mistake, contact the Wendy Thompson Lending Team today!  

You can start the process by clicking the yellow 'See if I'm Eligible' button on the right side bar under the 'Start your quote for a Home Loan'  or call Wendy’s Team directly at (901) 250-2294, to get started on living the American Dream in the home of your Dreams!