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Three tools, each built to handle the parts of a VA loan that generic calculators get wrong. No mortgage insurance that does not exist, no funding fee left out, and the exemption included.
Built by Sean Goudreau, Mortgage Loan Officer · NMLS #326155 · Rate
Two errors, and they push in opposite directions.
Most calculators add private mortgage insurance whenever the down payment is under 20%, because that is true of nearly every other loan. VA loans carry none, at any down payment. On a typical purchase that is over a hundred dollars a month attributed to something you will never be billed for.
Most calculators also leave out the funding fee entirely, because no other loan has one. Financed at 2.15%, it adds real money to the balance and to the payment.
Net the two errors and a generic estimate can land near the right number for the wrong reasons, which is worse than being obviously wrong. It looks credible enough to plan a budget around, and then the real figures arrive and nothing matches.
Every tool here handles both, and each one handles the funding fee exemption, so a veteran with a disability rating sees a payment without a fee they do not owe.
The only number that matters is one a lender will commit to. Getting yours takes about fifteen minutes.
No credit pull or application. Sean will reach out personally.
Sean Goudreau
Mortgage Loan Officer
NMLS #326155
Rate
465 Waverley Oaks Rd Ste 200
Waltham, MA 02452
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