Payments on a VA Home Loan usually include the VA Funding Fee as part of the mortgage payment calculation. The funding fee for your VA Loan will depend on several factors including the following:
- If you receive VA disability compensation, the funding fee is waived
- If there is a down payment on a home purchase loan (down payment is not required)
- If this is your first VA Mortgage, or if you have previously used your VA Loan benefit
- Whether the VA loan is for a home purchase or refinance
- If you have a Veteran exemption from property taxes
Many online home loan calculators do not take into account the VA funding fee. In order to better estimate your payment, it is important to include the correct funding fee in the loan amount, as well as determine if you have a full or partial exemption from Florida property taxes.
If you would like to get an estimate of what your payment would be for a VA Mortgage Loan, please contact us and we will help you calculate a payment estimate.
To get started on your VA Home Loan, call us at 888-241-5657 or fill out the short form on this page. A specialist from our team will contact you and assist you with your VA Mortgage pre-qualification.
Florida VA home loan payment calculator
The interest rate is an example, not a current offer. The property tax rate and insurance amount are placeholder Florida estimates; replace them with your county’s tax rate and a real insurance quote, plus flood insurance if the home is in a flood zone. VA loans have no monthly mortgage insurance. Estimate only; your Loan Estimate is the final word.
For illustration only. Results are estimates based on the numbers you enter and general assumptions, and may not reflect your situation. This is not a Loan Estimate, pre-approval, rate quote or commitment to lend. Any rate shown is an example, not a current rate or an offer. Your actual eligibility, loan amount, rate, payment and costs depend on your credit, income, property, appraisal and underwriting, and can change without notice. Not all applicants qualify. CrossCountry Mortgage, LLC NMLS #3029. Equal Housing Opportunity. Full disclaimer.