This calculator is provided as an approximation of your loan scenario. The results presented by this calculator are hypothetical and may not reflect the actual calculations of your loan. Please contact us for further assistance with your mortgage needs.
FHA Rules
1% Mortgage Insurance Premium fee is added to the loan amount.
Also, 1.15% times the loan amount divided by 12 months added to the monthly loan payment for Monthly Mortgage Insurance Premium.
VA Rules
| Type of Veteran | Down Payment |
Insurance | Insurance Percentage for Subsequent Use |
|---|---|---|---|
| Regular Military | None | 2.15% | 3.3% |
| Regular Military | 5% – 9.99% | 1.50% | 1.50% |
| Regular Military | 10% or more | 1.25% | 1.25% |
| Reserves/ National Guard | None | 2.4% | 3.3% |
| Reserves/ National Guard | 5% – 9.99% | 1.75% | 1.75% |
| Reserves/ National Guard | 10% or more | 1.5% | 1.5% |
