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VA Loan Calculator for New York - 2021

NY state flagNew York veterans can easily estimate the VA mortgage amount and monthly loan payment with real estate taxes and homeowner’s insurance. 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. Learn about Veteran Loans. 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  
  Monthly Payment  
  Principal & Interest  
  Annual Real Estate Taxes /12 =  
  Annual homeowner's insurance /12 =  
  Mortgage Amount
  Base Mortgage  
  VA Funding Fee  
  Full Mortgage  
  Required Down Payment  
  Guaranty Percentage  

Blue Water Navy Vietnam Veterans Act of 2019

The Blue Water Navy Vietnam Veterans Act of 2019 eliminated the maximum loan amount for eligible veterans seeking a VA home loan. The new law also unified the funding fee percentages for active duty, national guard, and reservists. Prior to the enactment of the Blue Water Navy Vietnam Veterans Act, reservists were required to pay a higher funding fee. The new law also exempts purple heart recipients from paying the funding fee. Disabled veterans receiving a service connected benefits continue to be exempted from the funding fee.