VA Home Loan
Affordability Calculator

Estimate your loan preapproval amount based on your income and expenses.

    1. Estimate how much home you can afford

    2. Enter your annual income before taxes. Self employed? Average the last 2 years.
    3. If applicable, enter your monthly basic allowance for housing (BAH).
      2022 BAH Calculator
    4. Enter the monthly total you pay for debts like car payments, credit card minimums or student loans. This does not include current rent or mortgage payments.
    5. 0% See if you are eligible for a $0 down VA loan ›
    6. 7.702% APR Estimated rate, yours may differ.
      Get Your Exact Rate ›
    7. Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Your Loan Officer can help you determine property tax rates in your area.
    8. Annual homeowners insurance is typically 0.35% of the home's value but can vary based on insurer.
    1. A home price up to $ would be affordable with this budget.

      Debts Exceed Debt to Income Ratio

      Not sure what you can afford? Get help from a trusted loan specialist, call (844) 920-2523 or get started online.

    2. DTI (Debt to Income ratio) is the ratio of your major monthly debt payments to your gross monthly income. With VA loans, a DTI ratio greater than 41 percent can require closer scrutiny. Veterans should find a balance that works for them and their goals.
    3. Monthly Budget Breakdown:

      • Monthly Income$5,417
      • Mortgage Payment$1,071
      • Debt Payments$500
      • Remainder$3,846This is your remaining gross monthly income after making your major monthly debt payments, including the new mortgage. For the purposes of savings and additional expenses, remember this is a pre-tax figure that doesn’t reflect your monthly net income.
    1. Ready to see a more personalized quote?

      See what you qualify for
A home price up to $ would be with this budget.
See Budget Breakdown

Debts Exceed Debt to Income Ratio

See Budget Breakdown to adjust

More Calculators

VA Loan Calculator

Determine how much home you can afford.

 Funding Fee Calculator

Learn what it costs to fund a VA loan.

BAH Calculator

Calculate your Basic Housing Allowance.

VA Loan Limit Calculator

Find out how much you can borrow for $0 down.

Affordable Calculator

Estimate your loan preapproval amount based on your income and expenses.

Construction Loan Calculator

Obtain a construction loan for building or improving a home

VA Refinance Calculator

See if refinancing makes sense for you.