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VACalc
VA loans offer 0% down and no PMI — see your estimated monthly payment.
VA loans are guaranteed by the Department of Veterans Affairs for eligible service members, veterans, and surviving spouses. Key benefits: no down payment required, no private mortgage insurance (PMI), competitive interest rates, and limited closing costs. There is a one-time VA funding fee (1.25–3.3%) that can be rolled into the loan.
Generally requires 90 consecutive days of active service during wartime, 181 days during peacetime, or 6 years in the Reserves/National Guard. Certain surviving spouses also qualify. You'll need a Certificate of Eligibility (COE) from the VA, which your lender can help obtain.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenWhat you entered
Convert the annual rate to a monthly rate
r = 7.5% ÷ 12= 0.6250%Total number of monthly payments
n = 5 years × 12= 60 paymentsApply the amortizing-loan formula
M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]= $500.95/moTotal paid over the full term
$500.95 × 60 payments= $30,056.92Total interest paid
$30,056.92 − $25,000.00 principal= $5,056.92Result
Monthly payment: $500.95
Over 5 years you'll pay $5,057 in interest on top of the $25,000 you borrowed — $30,057 total.