Loan Comparison
VA Loan vs Conventional: See Your Savings
Compare the true cost of a VA loan versus a conventional mortgage. See how much you could save over the life of your loan.
Monthly Savings
$300
Yearly Savings
$3,601
Down Payment Saved
$20,000
30-Year Savings
$108,019
VA Loan
RecommendedMonthly Payment$2,916
Down Payment$0
Interest Rate6.00%
PMI$0
Funding Fee$8,600
Total Interest (30yr)$473,315
$0 Down Payment
No PMI Required
VA-Backed Rates
Flexible Credit Requirements
Conventional Loan
Monthly Payment$3,216
Down Payment$20,000
Interest Rate7.00%
PMI (if <20% down)$222/mo
Funding Fee$0
Total Interest (30yr)$530,134
$0 Down Payment
No PMI Required
VA-Backed Rates
Flexible Credit Requirements
This calculator provides estimates only. Actual rates, terms, and payments may vary based on creditworthiness, loan amount, and market conditions. Not all applicants will qualify. Subject to credit approval. Equal Housing Lender. NMLS #1570582
Ready to Start Saving?
Check your VA loan eligibility and get a personalized rate quote today.