Veterans who had a VA loan before may still have remaining entitlement to use for another VA loan. The current amount of entitlement available to each eligible veteran is $36,000.

Mortgage Calculator

How much can I borrow?
How much can I afford?
How much are my payments?
Show me my amortization schedule.
Compare 3 different loans.
How much can I save by consolidating?

Use our mortgage calculator to determine your monthly payment amount on a VA loan. Estimate your property taxes and homeowners insurance so that these amounts will be included in the mortgage payment calculation. Enter amounts in the fields below and the loan calculator will give you your monthly mortgage payment amount!


Mortgage Length	Years
Interest	%
Loan Amount
Annual Tax
Annual Insurance


Monthly Principal + Interest
Monthly Tax
Monthly Insurance
Total Monthly Payment
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

FREQUENTLY ASKED QUESTION # 7 [ -more VA Loan questions- ]
- - - - - -
Q: I heard the VA has an inventory of foreclosed homes. How can I find out more about this?

A: The Department of Veterans Affairs (VA) acquires properties as a result of foreclosures on VA guaranteed loans. These acquired properties are marketed through a property management services contract with Ocwen Federal Bank FSB, West Palm Beach, Florida. The properties are listed by local listing agents through local Multi Listing Systems (MLS). A list of properties for sale may also be obtained from Ocwen's website at http://www.ocwen.com/ . If you are interested in buying a VA-acquired property when it is listed for sale by Ocwen Federal Bank FSB, please contact a local real estate broker of your choice to see the property. Interested Listing Brokers and subcontractors may also access Ocwen Federal Bank's website at http://www.ocwen.com/ for information on selling VA-acquired properties.

VA Loan Rates
for 11/20/2008

30 year fixed
-----------------
0.000 points
6.500%
6.618% APR

15 year fixed
-----------------
0.000 points
6.500%
6.694% APR

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Life Insurance for Military Members

Montgomery GI Bill benefits can get you started:

- AIU Online
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- Kaplan University
- Westwood College
- Walden University
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- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College

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