ClearCalc™ | VA Mortgage
Monthly Payment
$0.00
Down Payment
$0.00
Est. Closing Costs
$0.00
Cash-To-Close
$0.00
Loan Details
Home Price ($)
Down Payment ($)
Down Payment (%)
Loan Term (Years)
Interest Rate (%)
Your Rate may be higher or lower. This is not a rate advertisement.
Est. Closing Day
Estimate which day of the month the loan is closing.
Finance Funding Fee?
Typically financed but can also be paid out of pocket. Learn more in "Understanding Your Results" below.
Borrower Info
Credit Score Range
State
Annual Income (Optional)
Combined total annual income before taxes for all applicants.
Monthly Liabilities (Optional)
Sum of minimum monthly payments.
Subsequent Use?
Learn more in Understanding Your Results below.
Funding Fee Exemption?
Learn more in Understanding Your Results below.
Taxes & Insurance
Tax Rate (%)
Taxes/Yr
Insurance (%)
Insurance/Yr
HOA/ Month
HOA/Yr
Payment Summary
Base Loan Amount
=
$0.00
Funding Fee
=
$0.00
Total Loan Amount
=
$0.00
VA fee supporting the loan program, usually financed. Auto-Calculated based on down payment, prior use, and service history (some are exempt).
$0.00
Principal & Interest
$0.00
Property Taxes
Home Insurance
HOA Dues
$0.00
$0.00
Mortgage Insurance
$0.00
$0.00
Housing Ratio
0%
Total Monthly Payment / Income. This is a key ratio used in determining qualification. Learn more in "Understanding Your Results" below.
DTI Ratio
Loan-To-Value
0%
0%
Total Monthly Payment + Consumer Debt / Income. This is a key ratio used in determining qualification. Learn more in "Understanding Your Results" below.
Key Ratio used in combination with your debt ratios to determine eligibility.
Estimated Closing Costs
Lender Fees
Points
TBD
Taxes and Government Fees
State Transfer Taxes
County Recording Fees
75
0
Prepaids and Initial Escrow
Prepaids
Home Insurance Premium
Prepaid Interest
0
0
Third-Party Fees
Appraisal Fee
Credit Report Fee
Flood Cert Fee
Tax Service Fee
Services You Cannot Shop For
VA Funding Fee
650
94
8
85
85
Initial Escrow Payment
Home Insurance Reserve
Property Tax Reserve
0
0
Services You Can Shop For
Title-Lender Title Policy
Title-Closing Fee
Title-Recording Fee
Title-Wire Fee
Formula
0
50
50
Summary
Total Closing Costs
Down Payment
Total Cash-To Close
50
50
50
Disclaimer: This calculator is for informational purposes only and does not constitute a loan offer or financial advice. Estimates are based on user inputs and standard assumptions and may not reflect actual rates, fees, or terms. For an accurate quote tailored to your situation, please contact us directly.
Understanding Your Results
Purpose: This calculator provides an estimated monthly payment and closing costs based on the information you entered and common assumptions for VA purchase loans. For accurate, personalized quotes based on your full profile and goals, explore our ClearPath™ application process, designed to give you flexible options and complete transparency.
VA Funding Fee: Most eligible Veterans pay a one-time VA Funding Fee. The fee amount shown is estimated based on your down payment percentage, whether this is your first or a subsequent use of a VA loan, and your selected exemption status. This fee is typically financed into the Total Loan Amount. Borrowers are exempt from the VA funding fee if they receive VA disability compensation, are eligible but awaiting disability pay, are a surviving spouse of a veteran, or are an active duty service member awarded the Purple Heart.
Interest Rate: The default rate used is an example, it's not an advertisement for available rates. Your actual interest rate depends on market conditions, your credit score, down payment, loan term, and other factors upon qualification. Visit our Mortgage Factors Explained Insights article to learn more about what impacts your rate or request a quote.
Points: Points are upfront fees paid at closing, typically used to lower your interest rate. Learn all about Origination Points in our Understanding Mortgage Points article.
Taxes and Insurance: Property taxes and homeowners insurance are estimated based on the state, property usage and home price. Second homes and investment properties carry higher property tax rates as they don’t qualify for the homestead exemption. These are averages and can vary significantly by specific location, property, and coverage choices.
Closing Day of Month: This determines how much prepaid interest you'll owe at closing based on your loan scenario. Prepaid interest covers the daily interest from your closing date through the end of that month, since your first mortgage payment isn’t due until the second month after closing. Prepaid Interest = Daily Interest × Number of Days Remaining in Month After Closing.
Debt Ratios: Ratios highlighted in red (e.g., > 50%) may indicate challenges in qualifying for most loan programs, including VA. The total debt-to-income and housing expense ratios allowed for VA loans can vary significantly based on your overall credit profile.
Estimated Closing Costs: These figures are estimates provided for educational and informational purposes only and do not necessarily reflect the actual offerings, rates, or terms available through Murray Mortgage Solutions. While we try to make our calculators as accurate as possible, actual costs may vary.
Why Guess?
With our ClearPath™ application process, you get real numbers, thorough analysis, and full transparency every step of the way.
✅ Create an account, complete an application and upload income, asset and other required documentation
✅ Takes 10 minutes to complete
✅ Once complete, schedule a Pre-Approval Review meeting with your Loan Officer
✅ Receive a certified Pre-Approval Letter
✅ Hard credit check required (valid for 90 days)
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