VBS Mortgage Blog -

VA Mortgage Calculator Instructions

Posted by Rian Chandler-Dovis on April 29, 2015

If you are interested in seeking a VA Mortgage, you may be wondering about the most effective way to use a Mortgage Calculator.  Veterans Affairs Mortgage loans are exclusively for veterans of the US Armed Forces and offer many benefits, including 100% financing options.

The easiest way to calculate an approximate payment on a VA Mortgage is to use our simple VA Mortgage Calculator and:

  1. Enter the purchase price of a home you interested in purchasing or a price you believe to be best for your situation in the first field.
  2. Do you have money for a down payment?  If so, please enter the percent of the purchase price you entered in step 1 in the next field.  If not, change the amount to 0%.  Do not forget to leave yourself money for the loan closing costs.
  3. Interest rate, entered in field 3,  can be tricky to predict on your own, but you can research optimal pricing or call us for more specific details at (540) 442-8583.
  4. Hit Enter and the estimated totals will show up on the right hand side of the calculator.

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If you are only interested in a very approximate number, these instructions can be used for VA Mortgage calculation.  However, these numbers are not typically accurate nor do they reflect any commitment from VBS Mortgage.

Additional restrictions may apply.

In order to accurately assess your situation and eligibility for a VA Mortgage, please contact us to speak to a knowledgeable Mortgage Advisor.

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Topics: VA Mortgage Loans