8 Best Free Online VA Loan Calculator Websites

Here is a list of best free online VA loan calculator websites. VA loan or Veteran loan is a government program of the United States Government for veterans, active military personnel, and their family members. It helps veterans take home loans at lower interest rates compared to conventional mortgage loans. Plus, veterans don’t need to submit a certain percentage of the down payment to get VA loans. Veterans can also skip mortgage insurance and get a home loan at lenient terms compared to a conventional mortgage loan. To calculate the monthly VA loan interest rate and its breakdown, veterans can try these online VA loan calculator websites.

These websites help veterans estimate the monthly cost of loan repayment amount in US dollars. These websites also show a breakdown of the interest payment and total interest amount. Besides this, they also generate an amortization schedule table highlighting the change in interest amount, principal amount, and ending balance. Some calculators also show interactive graphs highlighting principal and interest values over the loan tenure. To help new users, I have included the necessary calculation steps in the description of each website. Go through the list to learn more about these websites.

My Favorite Online VA Loan Calculator Website:

calculator.net is my favorite website as it helps veterans perform VA loan calculations to estimate their monthly interest rate. It also breaks down the monthly interest rate and generates a complete amortization schedule table.

You can also check out lists of best free Online Home Loan Affordability Calculator, Online Student Loan Repayment, and Online Double Discount Calculator websites.

Comparison Table:

Features/Website Names	Calculates monthly loan payments	Generates Amortization Schedule	Explains VA Loan Parameters
calculator.net	✓	✓	✓
zillow.com	✓	x	✓
usbank.com	✓	✓	x
military.com	✓	x	✓
mortgagecalculator.org	✓	x	✓
bankrate.com	✓	✓	x
forbes.com	✓	✓	x
nerdwallet.com	✓	x	x

calculator.net

calculator.net is a free online VA loan calculator website. This website helps veterans estimate the monthly interest amount on their mortgage (home loan). To perform this calculation, it considers multiple parameters like home loan price, down payment percentage, loan term, interest rate, VA eligibility, used VA loan before or not, service-related disability, and VA funding fee. After the calculation, it also generates both annual and monthly amortization schedules. Plus, graphs highlighting the relation between Balance, Interest, and Payment are also provided.

It also explains multiple terms used in VA loan calculation like VA Funding Fee, VA Loan, Down Payment, Loan Origination Fee, Appraisal Fee, and more. Now, follow the below steps.

How to perform VA loan calculation online using calculator.net:

• Visit this website and access the VA Mortgage calculator.
• After that, enter the home price, down payment percentage, loan them, VA eligibility, service-related disability, etc.
• Next, click on the Calculate button to start the calculation process.
• Finally, view the monthly pay amount breakdown and amortization schedule.

Additional Features:

• This website offers multiple financial calculators such as Amortization, Mortgage Payoff, Rent, House Affordability, Rent Property, Income Tax, and more.

Final Thoughts:

It is one of the best free online VA loan calculator websites that helps veterans estimate home loan interest rates based on their loan amount.

zillow.com

zillow.com is another free online VA loan calculator website. With the help of this tool, users can estimate the monthly mortgage payment with taxes and insurance for US veterans. To perform the calculation, it needs some inputs namely Home Price, Down Payment Amount, ZIP Code, Loan Program, Interest Rate, Yearly Property Tax, Home Insurance, etc. After the calculation, it shows the monthly interest payment amount and its breakdown (Insurance, Taxes, and P & I). It also generates an interactive schedule graph highlighting the change in Principal, Interest, and Remaining amount over the home loan tenure. In the full report, users also get a complete amortization schedule table. Now, follow the below steps.

How to perform VA loan calculation online using zillow.com:

• Visit this website and open up the VA Loan Calculator.
• After that, enter all the necessary input values like home price, down payment amount, ZIP code, loan duration, etc.
• Now, view the calculated monthly interest payment rate and its breakdown along with the amortization schedule table.

Additional Features:

• This website offers additional tools like standard mortgage loan calculator, affordability calculator, refinance calculator, debt-to-income calculator, and more.

Final Thoughts:

It is another good online VA loan calculator website that helps veterans estimate the interest amount on their home loans and its amortization schedule.

usbank.com

usbank.com is another free online VA loan calculator website. This website offers a simple VA loan calculator that uses home purchase price, down payment amount, interest rate, property tax, homeowners insurance, loan term length,  U.S. Military Experience (Veteran/Active Duty, National Guard, and Veteran Disabled), and Prior VA loan use (yes or no).

Using input values, it performs the VA loan calculation and shows the total monthly interest amount and its breakdown (principal & interest and taxes and insurance amount).  It also shows an overtime graph that shows the change in principal and interest amount over loan duration. A payment schedule table is also provided highlighting the monthly change in ending balance, principal paid, interest paid, and cumulative interest values. Now, follow the below steps.

How to perform VA loan calculations online using usbank.com:

• Go to this website, using the provided link.
• After that, submit all the essential values and veteran information.
• Next, view the total monthly payment, monthly payment breakdown, overtime graph, and amortization schedule.

Additional Features:

• This website has multiple related calculators like fixed-rate, mortgage, adjustable-rate mortgage, jumbo loan, mortgage points, federal housing administration, and more.

Final Thoughts:

It is another good online VA loan calculator website that helps veterans estimate their monthly interest amount and its breakdown on their home loans.

military.com

military.com is another free online VA loan calculator website. This website helps veterans estimate monthly payment interest amounts in US dollars. It also shows the breakdown of monthly interest amounts highlighting Principal and Interest, Taxes, Insurance, and VA Funding Fees. To conduct the calculation, users need to specify the home loan amount, down payment, type of service (regular military, surviving spouse, etc.), credit rating, interest rate, and loan term. Besides this, users can also specify additional parameters like Property Taxes, Homeowners Insurance, etc. Now, follow the below steps.

How to perform VA loan calculation online using military.com

• Visit this website using the given link.
• After that, enter all the required input values,
• Next, view the calculated monthly payment amount and its breakdown.

Additional Features:

• This website offers multiple VA tools and topics like Streamline Refinance, Cash Out Refinance, VA Loan Requirements, Find a VA Lender, etc.

Final Thoughts:

It is another good online VA loan calculator website that any US veteran can use to estimate the monthly interest payment amount on the VA home loans.

mortgagecalculator.org

mortgagecalculator.org is yet another free online VA loan calculator website. This calculator can be used to perform both VA and conventional home loan calculations. Along with calculating the interest on a VA home loans, it also calculates the total closing cost. To perform the calculation, users need to specify the estimated closing date, sale price, down payment, loan term, interest rate, property tax, insurance tax, loan cost, etc., values. Based on the provided values, it shows the monthly payment interest, total closing amount, and a bar graph. This tool also provides the definitions of various terms used in this calculation. Now, follow the below steps.

How to perform VA loan calculation online using mortgagecalculator.org:

• Go to this website and choose VA from the Type of home purchase menu.
• Now, enter all the parameters required to perform the VA loan calculations.
• Next, view the calculated VA home loan interest amount and total closing costs.

Additional Features:

• This website offers multiple Refinancing, Mortgage, Loan Qualification, Loan Comparison, Money Saving, and interest-only loan tools.

Final Thoughts:

It is another good online VA loan calculator that anyone can use to estimate the VA home loan monthly interest and total closing cost values.

bankrate.com

bankrate.com is another free online VA loan calculator website. This website helps users calculate VA loans for active-duty military personnel and veterans. To do that, it mainly uses loan amount and loan tenure or loan term in months and yearly interest rate values. Besides this, users can also specify all extra payments for accurate calculation. After calculation, users get monthly rent payment amounts in dollars. Now, follow the below steps.

How to perform VA loan calculation online using bankrate.com:

• Go to this website and open up the VA Loan Calculator.
• After that, enter the loan amount and loan terms in years or loan terms in months and yearly interest rate values.
• Finally, view the calculated monthly interest rate value.

Additional Features:

• This website also offers refinance rates, mortgage rates, FHA loan rates, etc., tools.

Final Thoughts:

It is another good online VA loan calculator website that anyone can use to perform VA loan calculations.

forbes.com

forbes.com is another free online VA loan calculator website. This website offers a comprehensive VA loan calculator website that not only estimates the monthly interest rates on VA mortgages but also shows the total cost of purchasing a home and a breakdown of monthly totals and loan totals. A complete amortization schedule of the interest repayment is also shown by it. It also shows steps to perform VA loan calculation and all VA loan requirements. Now, follow the below steps.

How to perform VA loan calculation online using forbes.com:

• Go to this website and access the VA loan calculator.
• After that, enter required values like home price, down payment, loan term, loan type, interest rate, military experience, etc.
• Now, click on the Calculate button to start the calculation process.
• Finally, view the calculated monthly loan tenure, amortization schedule, and other essential values.

Additional Features:

• This website has some related calculators like mortgage, mortgage payoff, cash-out refinance, cost of living, and more.

Final Thoughts:

It is another capable online VA loan calculator that helps veterans estimate the home mortgage interest rates, total loan amount, and amortization table.

nerdwallet.com

nerdwallet.com is the last free online VA loan calculator website. This website offers multiple mortgage tools, including a VA loan calculator. This calculator helps users calculate the VA loan payments using the mortgage details like mortgage loan amount, down payment amount, interest rate, loan term, etc. After the calculation, it also shows the breakdown of the total monthly payment (principal, interest, taxes, and insurance) and total cost (funding fee, principal, interest, taxes, and insurance).

This website also helps veterans find out additional VA costs that they should consider. It also helps veterans determine their eligibility for a VA loan. Now, follow the below steps.

How to perform VA loan calculation online using nerdwallet.com:

• Visit this website using the given link.
• After that, enter the mortgage details like loan amount, downpayment amount, interest rate, etc.
• Next, view the monthly interest cost, monthly cost breakdown, and total cost breakdown.

Additional Features:

• It also offers mortgage tools like compare mortgage rates, 30-year fixed mortgage rates, jumbo mortgage rates, etc.

Final Thoughts:

It is another capable online VA loan calculator website that also breaks down the monthly loan payments and total home costs.

Frequently Asked Questions