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VA Loan 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?
This loan calculator will allow you to compute up to three VA home loans and compare the
results. Enter the first three items and the fourth is calculated for you. To
move between the fields of the mortgage alculator table use the TAB key or click with
the mouse on each field.
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.
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FREQUENTLY ASKED QUESTION # 21 [ -more VA Loan questions- ]
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Q: The VA Loan for Home Equity Refinancing - Can I refinance with the VA?
A: " If you own a home and are considering refinancing, VA refinancing may be just what you need. Under the terms of VA refinancing, your current real estate debt is paid out of the proceeds of a new VA mortgage. The requirements? The same borrower must use the same property as before. This type of refinancing is also known as a 'Cash Out"" refinance, and is only good for homes that are used as the owner's residence.
Refinancing is available for up to 90% of the appraised value plus all closing costs in many cases. Your home must have enough equity to cover the loan. These terms may not be available in all states, depending on local lending laws. Check with your local VA rep to learn more."
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VA Loan Rates
for 7/05/2008
30 year fixed
-----------------
0.000 points
6.500%
6.618% APR
15 year fixed
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0.000 points
6.500%
6.500% APR
Life Insurance for Military Members
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- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College
VALoans.com is a private company specializing in VA financing and is
not a government agency.
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