VA Jumbo Purchase Loan Calculator
- By Jim Blackburn
- on
- Tags: Calculators, New Construction, Spec Homes
Estimate Your Monthly Payment and Cash to Close on High-Value VA Home Loans
For eligible veterans and active-duty service members looking to purchase higher-priced homes, the VA Jumbo Loan offers powerful benefits—including competitive rates, zero down (in many cases), and no monthly mortgage insurance. Let’s break down what your estimated monthly payment and upfront costs might look like with a $1,000,000 VA jumbo home purchase.
Step 1: Enter Your Loan Details
| Detail | Input |
|---|---|
| Purchase Price | $1,000,000 |
| County Loan Limit | $766,550 |
| Loan Term | 30 Years |
| Estimated Interest Rate | 6.99% |
| Annual Insurance | $6,000 |
| Annual Property Taxes | $10,000 |
| Monthly HOA | $0 |
| Is This First Time Use? | Yes |
| Are You a Disabled Veteran? | Yes |
VA Jumbo Purchase Summary
| Calculation | Amount |
|---|---|
| Base Loan Amount | $766,550 |
| VA Funding Fee (2.15%) | $16,481 |
| Funding Fee Waived (Disabled Vet) | -$16,481 |
| Final Loan Amount | $766,550 |
| Principal & Interest Payment | $5,095 |
| Monthly Insurance | $500 |
| Monthly Taxes | $833 |
| Property Tax Exemption (if disabled) | -$833 |
| Monthly HOA | $0 |
| Total Monthly Housing Expense | $5,595 |
Cash to Close Scenarios
| Cost Type | Without Seller Credit | With 6% Seller Credit |
|---|---|---|
| Estimated Cash Needed | $293,450 | $233,450 |
This includes estimated 6% closing costs and prepaid items. Final costs vary by state and property. Always request a full Loan Estimate from your mortgage professional.
Can You Buy Another VA Home Later?
Yes. After purchasing this home, your VA benefits can still be used again in the future by:
- Using any remaining entitlement.
- Applying for a one-time restoration if this loan is paid off.
- Restoring entitlement after refinancing into a non-VA loan.
Just remember: VA loans are for primary residences only, and you must certify your intent to occupy the property.
Minimum Income to Qualify
| Income Needed to Qualify | $11,189/month |
VA allows for DTI ratios above 41% when borrowers have compensating factors like high credit scores, residual income, or assets. In many cases, veterans can qualify with DTIs over 50% when the full profile supports repayment.
Start Your VA Jumbo Purchase Journey
Ready to make your next move with a VA jumbo loan? Whether you’re buying your dream home or upgrading your lifestyle, our team is here to walk you through every step—zero down, zero stress.
Get a VA Jumbo Purchase Approval
We’ll help you verify your eligibility, estimate your true out-of-pocket costs, and strengthen your offer with a preapproval letter.
Ready to Take Your First Step?
Skip the guesswork. Take our quick Discovery Quiz to uncover your top financial priorities, so we can guide you toward the wealth-building strategies that fit your life.
- 💡 Takes just 5 minutes
- 📊 Tailored results based on your answers
- 🔒 No credit check required
Need a Pre-Approval Letter—Fast?
Buying a home soon? Complete our short form and we’ll connect you with the best loan options for your target property and financial situation—fast.
- 💡 Only 2 minutes to complete
- 📊 Quick turnaround on pre-approval
- 🔒 No credit score impact
Got a Few Questions First?
Let’s talk it through. Book a call and one of our friendly advisors will be in touch to guide you personally.
Schedule a CallImportant Disclaimer
This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.
