VA Loan Calculator
Estimate your VA loan payment with $0 down, the 2026 funding fee, and no monthly mortgage insurance.
VA Loan — A Benefit Earned Through Service
VA loans are guaranteed by the U.S. Department of Veterans Affairs for eligible veterans, active-duty service members, and surviving spouses. They allow $0 down, never charge monthly mortgage insurance, and typically carry lower rates than conventional loans.
VA Loan Details
Adjust values to estimate your VA monthly payment
Most buyers roll the one-time funding fee into the loan. Paying it in cash at closing lowers your loan amount and monthly payment.
VA loans are available in 15 and 30-year terms
Additional Monthly Costs
We'll connect you with VA-experienced lenders in Fort Wayne
VA Loan Advantages
$0 Down Payment
Buy with no down payment at all — the VA guarantee replaces it. No other mainstream loan program offers true zero down.
No Monthly PMI
VA loans never charge monthly mortgage insurance, saving you $100–$300 per month compared to low-down-payment FHA or conventional loans.
Lower Rates
Because the VA backs a portion of every loan, lenders typically offer VA rates below comparable conventional loans.
Flexible Qualifying
No official minimum credit score from the VA, more forgiving debt-to-income guidelines, and limits on what fees lenders can charge you.
Totally disabled veteran? Indiana's new HEA 1210 exemption takes the property tax on your homestead to $0 starting with 2027 bills. File State Form 12662 with your county auditor by January 15, 2027; a veteran who had the old $14,000 deduction must apply to get it.
How to applyVA vs. Conventional Loans
See how a VA loan stacks up against conventional financing for eligible buyers in Northeast Indiana.
| Feature | VA Loan | Conventional Loan |
|---|---|---|
| Min. Down Payment | 0% | 3–5% |
| Min. Credit Score | No VA minimum (lenders often 580–620) | 620+ |
| Mortgage Insurance | None | PMI (removable at 20% equity) |
| Upfront fee | Funding fee 1.25%–3.3% (waivable) | None |
| Loan limits | None with full entitlement | Conforming limit applies |
| Debt-to-Income Ratio | Flexible — residual income test | Up to 50% |
| Who qualifies | Veterans, service members, eligible spouses | Any qualified borrower |
| Best For | Eligible buyers with little cash saved | Higher credit, 20%+ down |
Get the Most From Your VA Benefit
Check Your Exemption
If you receive VA disability compensation — at any rating — you're exempt from the funding fee entirely. On a $275,000 loan, that's roughly $5,900 saved on a first use.
Small Down Payment, Big Fee Cut
You don't need 20% down. Just 5% cuts the first-use funding fee from 2.15% to 1.5%, and 10% lowers it to 1.25% — worth comparing if you have some savings.
Compare Fee Payment Options
Financing the funding fee keeps cash in your pocket but accrues interest for the life of the loan. Toggle both options above to see the monthly and lifetime difference.
VA Loan FAQ
Disclaimer: This VA calculator provides estimates for informational purposes only. VA funding fee rates and program rules are subject to change, and eligibility requires a Certificate of Eligibility from the VA. Actual loan terms, rates, and monthly payments vary by credit profile, lender, and property. The property must meet VA minimum property requirements. For accurate pre-approval and terms, contact a VA-approved lender.
Data assumptions last verified: July 25, 2026.
Ready to Use Your VA Benefit?
Our team can connect you with VA-experienced lenders in Fort Wayne who make the most of your hard-earned benefit.