VA Finance Calculator

Formatting only. This does not change the calculation.
The nominal annual rate (APR before fees), not the monthly rate.
Added to the term in years, for terms such as 5 years and 6 months. To state a tenure purely in months, set the years to 0 and enter the whole tenure here.
FHA picks the annual premium and its duration from your loan amount, LTV and term under the published HUD table.
A one-off premium charged as a percentage of the base loan and added to the amount borrowed: the VA funding fee, the FHA upfront MIP or the USDA guarantee fee. These rates are reset by the agency from time to time, so enter the rate currently published for your programme.
Only used when solving for the rate: the principal-and-interest instalment you have been quoted or can afford.
Additional principal paid on top of the scheduled payment.
Total monthly payment
2,582.63
Mortgage Payment Calculator
Payment
2,582.63
Total interest
521,146.81
Total of payments
929,746.81
Number of payments
360
Payoff time
30 years
Rate per period
0.541667 %
Interest per unit borrowed
1.2754
Interest saved by extra payments
0
Payments saved
0
Principal and interest
2,582.63
Property tax
0
Home insurance
0
PMI
0
Loan amount
400,000
Loan-to-value ratio
100 %
Total PMI paid
0
Upfront fee financed
8,600
Total amount financed
408,600
Worked out from HUD Mortgagee Letter 2023-05, Reduction of Federal Housing Administration (FHA) Annual Mortgage Insurance Premium (MIP) Rates and 9 other sources.

How this is worked out

6 steps
  1. Loan amount = 400000 - 0 down = 400000 (LTV 100%)
  2. An upfront fee of 8600 is financed, so 408600 is actually borrowed.
  3. Principal and interest = 2582.63
  4. No escrow items entered.
  5. No mortgage insurance on this loan.
  6. Total monthly payment = 2582.63
Amortisation scheduletable
periodpaymentinterestprincipalbalance
12,582.632,213.25369.38408,230.62
22,582.632,211.25371.38407,859.24
32,582.632,209.24373.39407,485.85
42,582.632,207.22375.41407,110.44
52,582.632,205.18377.45406,732.99
62,582.632,203.14379.49406,353.5
72,582.632,201.08381.55405,971.95
82,582.632,199.01383.62405,588.33
92,582.632,196.94385.69405,202.64
102,582.632,194.85387.78404,814.86
112,582.632,192.75389.88404,424.98
122,582.632,190.64391.99404,032.99
132,582.632,188.51394.12403,638.87
142,582.632,186.38396.25403,242.62
152,582.632,184.23398.4402,844.22
162,582.632,182.07400.56402,443.66
172,582.632,179.9402.73402,040.93
182,582.632,177.72404.91401,636.02
192,582.632,175.53407.1401,228.92
202,582.632,173.32409.31400,819.61
212,582.632,171.11411.52400,408.09
222,582.632,168.88413.75399,994.34
232,582.632,166.64415.99399,578.35
242,582.632,164.38418.25399,160.1
252,582.632,162.12420.51398,739.59
262,582.632,159.84422.79398,316.8
272,582.632,157.55425.08397,891.72
282,582.632,155.25427.38397,464.34
292,582.632,152.93429.7397,034.64
302,582.632,150.6432.03396,602.61
312,582.632,148.26434.37396,168.24
322,582.632,145.91436.72395,731.52
332,582.632,143.55439.08395,292.44
342,582.632,141.17441.46394,850.98
352,582.632,138.78443.85394,407.13
362,582.632,136.37446.26393,960.87
372,582.632,133.95448.68393,512.19
382,582.632,131.52451.11393,061.08
392,582.632,129.08453.55392,607.53
402,582.632,126.62456.01392,151.52
412,582.632,124.15458.48391,693.04
422,582.632,121.67460.96391,232.08
432,582.632,119.17463.46390,768.62
442,582.632,116.66465.97390,302.65
452,582.632,114.14468.49389,834.16
462,582.632,111.6471.03389,363.13
472,582.632,109.05473.58388,889.55
482,582.632,106.49476.14388,413.41
492,582.632,103.91478.72387,934.69
502,582.632,101.31481.32387,453.37
512,582.632,098.71483.92386,969.45
522,582.632,096.08486.55386,482.9
532,582.632,093.45489.18385,993.72
542,582.632,090.8491.83385,501.89
552,582.632,088.14494.49385,007.4
562,582.632,085.46497.17384,510.23
572,582.632,082.76499.87384,010.36
582,582.632,080.06502.57383,507.79
592,582.632,077.33505.3383,002.49
602,582.632,074.6508.03382,494.46
612,582.632,071.84510.79381,983.67
622,582.632,069.08513.55381,470.12
632,582.632,066.3516.33380,953.79
642,582.632,063.5519.13380,434.66
652,582.632,060.69521.94379,912.72
662,582.632,057.86524.77379,387.95
672,582.632,055.02527.61378,860.34
682,582.632,052.16530.47378,329.87
692,582.632,049.29533.34377,796.53
702,582.632,046.4536.23377,260.3
712,582.632,043.49539.14376,721.16
722,582.632,040.57542.06376,179.1
732,582.632,037.64544.99375,634.11
742,582.632,034.68547.95375,086.16
752,582.632,031.72550.91374,535.25
762,582.632,028.73553.9373,981.35
772,582.632,025.73556.9373,424.45
782,582.632,022.72559.91372,864.54
792,582.632,019.68562.95372,301.59
802,582.632,016.63566371,735.59
812,582.632,013.57569.06371,166.53
822,582.632,010.49572.14370,594.39
832,582.632,007.39575.24370,019.15
842,582.632,004.27578.36369,440.79
852,582.632,001.14581.49368,859.3
862,582.631,997.99584.64368,274.66
872,582.631,994.82587.81367,686.85
882,582.631,991.64590.99367,095.86
892,582.631,988.44594.19366,501.67
902,582.631,985.22597.41365,904.26
912,582.631,981.98600.65365,303.61
922,582.631,978.73603.9364,699.71
932,582.631,975.46607.17364,092.54
942,582.631,972.17610.46363,482.08
952,582.631,968.86613.77362,868.31
962,582.631,965.54617.09362,251.22
972,582.631,962.19620.44361,630.78
982,582.631,958.83623.8361,006.98
992,582.631,955.45627.18360,379.8
1002,582.631,952.06630.57359,749.23
1012,582.631,948.64633.99359,115.24
1022,582.631,945.21637.42358,477.82
1032,582.631,941.75640.88357,836.94
1042,582.631,938.28644.35357,192.59
1052,582.631,934.79647.84356,544.75
1062,582.631,931.28651.35355,893.4
1072,582.631,927.76654.87355,238.53
1082,582.631,924.21658.42354,580.11
1092,582.631,920.64661.99353,918.12
1102,582.631,917.06665.57353,252.55
1112,582.631,913.45669.18352,583.37
1122,582.631,909.83672.8351,910.57
1132,582.631,906.18676.45351,234.12
1142,582.631,902.52680.11350,554.01
1152,582.631,898.83683.8349,870.21
1162,582.631,895.13687.5349,182.71
1172,582.631,891.41691.22348,491.49
1182,582.631,887.66694.97347,796.52
1192,582.631,883.9698.73347,097.79
1202,582.631,880.11702.52346,395.27

First 120 of 360 rows.

Yearly summarytable
yearinterestprincipalendingBalance
126,424.554,567.01404,032.99
226,118.674,872.89399,160.1
325,792.335,199.23393,960.87
425,444.15,547.46388,413.41
525,072.615,918.95382,494.46
624,676.26,315.36376,179.1
724,253.256,738.31369,440.79
823,801.997,189.57362,251.22
923,320.457,671.11354,580.11
1022,806.728,184.84346,395.27
1122,258.578,732.99337,662.28
1221,673.699,317.87328,344.41
1321,049.669,941.9318,402.51
1420,383.8410,607.72307,794.79
1519,673.4311,318.13296,476.66
1618,915.4312,076.13284,400.53
1718,106.6612,884.9271,515.63
1817,243.7313,747.83257,767.8
1916,323.0314,668.53243,099.27
2015,340.6515,650.91227,448.36
2114,292.4616,699.1210,749.26
2213,174.0817,817.48192,931.78
2311,980.8319,010.73173,921.05
2410,707.6620,283.9153,637.15
259,349.2121,642.35131,994.8
267,899.823,091.76108,903.04
276,353.2524,638.3184,264.73
284,703.226,288.3657,976.37
292,942.6328,048.9329,927.44
301,064.1329,927.440

Results are general information, not financial, tax, legal, medical or engineering advice.