Veterans who had a VA loan before may still have remaining entitlement to use for another VA loan. The current amount of entitlement available to each eligible veteran is $36,000.

Mortgage Calculator

How much can I borrow?
How much can I afford?
How much are my payments?
Show me my amortization schedule.
Compare 3 different loans.
How much can I save by consolidating?

Use our mortgage calculator to determine your monthly payment amount on a VA loan. Estimate your property taxes and homeowners insurance so that these amounts will be included in the mortgage payment calculation. Enter amounts in the fields below and the loan calculator will give you your monthly mortgage payment amount!


Mortgage Length	Years
Interest	%
Loan Amount
Annual Tax
Annual Insurance


Monthly Principal + Interest
Monthly Tax
Monthly Insurance
Total Monthly Payment
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

FREQUENTLY ASKED QUESTION # 29 [ -more VA Loan questions- ]
- - - - - -
Q: VA Foreclosures - Can I use a VA loan to buy a repo house? Does the VA have any such homes?

A: It's true, the VA does get control of properties with VA loan foreclosures. VA foreclosures are offered to the public in the same manner as repossessed HUD and USDA Development homes. If you are interested in one of these foreclosed single family houses, check the government website http://www.homesales.gov/ to see what might be available in your area. There are many different agencies offering homes on the website. Eligible buyers should contact a broker to have the Offer to Purchase And Contract of Sale VA form completed and submitted. All the routine eligibility and credit terms apply, as with any housing purchase. Check with your lender if you are unsure of the terms and conditions of purchase.

VA Loan Rates
for 9/07/2008

30 year fixed
-----------------
0.000 points
6.500%
6.618% APR

15 year fixed
-----------------
0.000 points
6.500%
6.500% APR

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Life Insurance for Military Members

Montgomery GI Bill benefits can get you started:

- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College

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