See if you qualify — free, 60-second check.
Your monthly mortgage payment is more than principal and interest. This calculator builds the full picture — principal, interest, property taxes, homeowners insurance, and the VA funding fee — so you know what you'll actually pay each month. For eligible veterans, it does all of this with $0 down and no monthly mortgage insurance.
Most mortgage payments have four parts, often called PITI: principal, interest, taxes, and insurance. VA and Texas Vet loans add one consideration — the VA funding fee — but remove the single biggest monthly cost conventional buyers face: private mortgage insurance (PMI). That one difference commonly saves $150–$250 every month.
The funding fee is a one-time charge (not a monthly cost) that keeps the VA program running. It typically runs 1.25%–3.3% of the loan depending on your down payment and whether you've used a VA loan before. It can be financed into the loan rather than paid in cash, and veterans with a service-connected disability and eligible surviving spouses are exempt entirely.
Home price and down payment set your loan amount. The interest rate — the Texas Vet (VLB) rate is reset weekly by the state — drives your principal and interest. Texas property taxes tend to run higher (often 1.6%–1.9% of value), while homeowners insurance is usually a few tenths of a percent. Adjust the sliders and the donut chart shows exactly where each dollar of your payment goes.
Between no down payment, no monthly PMI, and frequently below-market VLB rates, a veteran's payment on the same home is often meaningfully lower than a civilian's. Over a 30-year loan, that gap adds up to tens of thousands of dollars kept in your family's pocket.
Want your exact numbers? Use the free eligibility check at the top of this page and a licensed specialist will run them for you — no credit pull.
Yes. It adds the funding fee based on your down payment, first or subsequent use, and loan purpose, and automatically shows $0 if you mark the disabled/exempt box.
For eligible veterans with full entitlement, VA and Texas Vet loans require no down payment. Set the down-payment slider to $0 to see that scenario.
PITI stands for principal, interest, taxes, and insurance — the four core parts of most monthly mortgage payments. This calculator breaks each one out for you.
No. Neither carries monthly private mortgage insurance, which is a major reason veteran payments are lower than low-down-payment conventional loans.
Yes. Texas has no state income tax but higher property taxes — often 1.6%–1.9% of value. Adjust the tax field to match your county for a closer estimate.
Yes. Most veterans finance the funding fee into the loan amount instead of paying it in cash at closing, which this calculator reflects.
The Texas Vet (VLB) base rate is set weekly and is often below market. Use this week's rate as a starting point, then get a personalized quote for your exact number.
It's a close illustration for planning. Your final payment depends on your exact rate, taxes, insurance, and lender details — a licensed specialist will confirm the precise figures.
Free, no-obligation. See what you qualify for in about a minute.