VA Loan Payment Calculator

This calculator provides an accurate estimate of your monthly VA loan payment based on current Nevada market conditions. However, actual payments may vary slightly based on your specific interest rate, property taxes, homeowners insurance, HOA fees, and funding fee. Always consult with a Nevada VA lender for an exact payment quote based on your unique situation.

Your monthly VA loan payment typically includes four main components (PITI):

• Principal: The portion that pays down your loan balance
• Interest: The cost of borrowing money
• Taxes: Annual property taxes divided by 12
• Insurance: Homeowners insurance premium

Unlike conventional loans, VA loans do not require PMI (Private Mortgage Insurance), which can save Nevada veterans $100-300 per month.

The VA funding fee is a one-time charge (typically 2.15% for first-time users with 0% down) that can be financed into your loan amount. This fee helps keep the VA loan program running for future veterans. The calculator includes this fee in your total loan amount and monthly payment estimate.

Important: Veterans with a service-connected disability rating are exempt from the VA funding fee. If you're exempt, your monthly payment will be lower than shown. Contact us to get an accurate payment estimate with your exemption applied.

Nevada property tax rates are among the lowest in the nation. Clark County (Las Vegas, Henderson) and Washoe County (Reno, Sparks) typically have effective rates between 0.55% - 0.75% of assessed value. This calculator uses a default rate appropriate for Nevada, but actual rates vary by specific location.

Example: A $400,000 home in Las Vegas might have annual property taxes of $2,400-$3,000 (about $200-$250 per month).

While VA loans allow 0% down, there are benefits to making a down payment:

• Lower monthly payments (less to borrow)
• Reduced VA funding fee (1.25% vs 2.15% with 10%+ down)
• Instant equity in your Nevada home
• Stronger offer in competitive markets

Use the calculator to see how different down payment amounts affect your monthly payment. Many Nevada veterans choose 0% down to preserve cash reserves for home improvements or emergencies.

Yes! The VA IRRRL (Interest Rate Reduction Refinance Loan) is a streamlined refinance designed to lower your rate and monthly payment with minimal documentation and no appraisal in most cases. You can typically refinance when rates drop 0.5% or more below your current rate.

Use this calculator to compare your current payment with a new payment at today's lower rates. Many Nevada veterans save $200-$400 per month through VA refinancing.