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VA Loan Calculator for Pennsylvania - 2020

Pennsylvania state flagEstimate your monthly mortgage payment for a VA home loan in Pennsylvania, including the property taxes and homeowner’s insurance. The VA calculator will also estimate the VA funding fee. The funding fee is a requirement of the VA home loan program. Disabled veterans receiving a service connected disability payment and purple heart recipients are exempt from paying the funding fee. The funding fee may be paid in cash at closing or included in the mortgage. The Blue Water Navy Vietnam Veterans Act of 2019 eliminated the maximum loan limits, however, the maximum mortgage amount is determined by the lender. Last updated 1/2021

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

Blue Water Navy Vietnam Veterans Act of 2019

Veterans and active-duty service members will be able to borrow more money for the purchase of a home and loan refinance; but veterans will be required to pay higher funding fees beginning in 2020.

The Blue Water Navy Vietnam Veterans Act of 2019 eliminates the VA loan limits for qualified veterans with full entitlement. Regrettably, the new law also increases the VA funding fee for most veterans. Starting in 2020, the new funding fees will be the same for the main branches, National Guard and reservists. Currently, Reserve and National Guard service members pay slightly higher fees. Veterans receiving VA compensation for a service-connected disability, or purple heart recipients are exempt from paying the funding fee