VA loan calculator for Illinois - 2019

Illinois state flagIllinois veterans can easily estimate the monthly mortgage payment for a VA home loan, including the property taxes and homeowner’s insurance. The VA calculator will also estimate the VA funding fee for Illinois active duty vets and reservists. The funding fee may be paid in cash at settlement or included in the mortgage. Reservists pay a slightly higher fee than active duty veterans do. The VA does not require a down payment with VA loans. Learn about Veteran Loans. Last updated 1/2019

  Illinois Veteran Loan Calculator
  Sales Price (or Appraisal whichever is less)
  Down Payment
  VA Eligibility
  Funding Fee  
  Used entitlement (not restored, if applicable)
  Interest Rate
  Monthly Payment
  Principal & Interest  
  Annual Real Estate Taxes /12 =  
  Annual Homeowners Insurance /12 =  
  Mortgage Amount
  Base Mortgage  
  VA Funding Fee  
  Full Mortgage  
  Required Down Payment  
  Guaranty Percentage  

1. What is a VA home loan?

2. Are all VA loans no money down?

3. Are national guard members eligible for VA loans?

4. Are there closing costs associated with a VA loan?

5. Are there points on a VA loan?

6. Are there VA loan limits?

7. Are VA loan rates the same as conventional rates?

8. Are VA loan rates the same at all banks?

9. Can a buyer pay for a termite inspection on a VA loan?

 10. Can a veteran get a VA loan with bad credit?

11. Can a lender charge points on a VA loan?

12. Can a national guard member get a VA loan? Can a VA loan be denied?

13. Can a VA loan be for 15 years?

14. Can a VA loan be used for a duplex?

15. Can a VA loan be used for a rental property

16. Can a VA loan be used for new construction?

17. Can a VA loan be used on a second home?

18. Can a VA loan be used to refinance?

18. Can a buyer pay closing costs on VA loan?

20. Can closing costs be added to a VA loan?

21. Can I get a jumbo VA loan?

22. Can I get a VA loan after bankruptcy?
23. Can a VA loan be used for a vacation home?

24. Can a VA loan be used to build a house?

25. Can I get a VA loan if I had a foreclosure?

26. Can the seller pay all closing costs on a VA loan?

27. Can the VA funding fee be rolled into the loan?

28. Do I have to escrow my property taxes with a VA loan?

29. Do I have to have a down payment with a VA loan?

30. Do I have to pay mortgage insurance on a VA loan?

31. How is the VA funding fee calculated?

32. Do I need a home inspection for a VA loan?

33. Do VA loans have a lower interest rate?

34. Do VA loans have closing costs?

35. Do VA loans have prepayment penalties?

36. Do VA loans require an appraisal?

37. Does a seller have to pay closing costs on a VA loan?

38. Do VA loans require escrow?

39. Does VA have loan limits?

40. How does a VA jumbo loan work?

41. How much can I afford for a VA home loan?

42. How much is pmi on a VA loan?