New York VA Loan Calculator

NY state flagNew York veterans can easily estimate the VA mortgage amount and monthly loan payment with real estate taxes and homeowner’s insurance. The calculator will also estimate the VA funding fee for reservists and active duty vets. Did you know that the Veterans Administration does not require a down payment with VA home loans? It is true, no down payment – zero down, and the seller is permitted to pay all of your closing costs. Houses are expensive in New York, but fortunately, there are no maximum mortgage limits with VA loans. This calculator will calculate VA jumbo loans. Learn about Veteran Loans. Last updated 2/2018

  New York Veteran Loan Calculator
  New York County
  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 =
  VA Mortgage Amount
  Base Mortgage
  VA Funding Fee
  Full Mortgage
  Required Down Payment
  Guaranty Percentage

VA loan Questions for New York Vets

► Do VA loans have closing costs in New York?

The VA loans have closing costs. Some of the required closing costs include transfer tax, title insurance and the attorney fee.

► Does the VA loan cover closing costs?

Closing costs are not paid by the Veterans Administration. The vet or the seller (if agreed to) must pay the various closing costs; and closing costs cannot be financed with the VA loan.

► Does the VA loan cover the down payment for veterans?

No, because there is no down payment with a VA home loan.