Calculate your Hawaii mortgage rates & Oahu VA loan payments
Discover Low Mortgage Rates – Hawaii Calculator for VA Loans
Understanding the Oahu Loan Calculator Inputs
Property Value: Potential price of purchase for a residential property, mortgage down payment is not included with this value.
Interest Rates: Also referred to as the borrowing cost of a loan. The calculator interest rate includes the annual percentage rate, too. APR estimates loan fees and closing costs and determines the actual borrowing cost of a VA home mortgage. In addition, interest rates displayed by our Hawaii VA mortgage payment calculator are for the purpose of education only. Actual interest rates may differ depending on a variety of factors.
Down Payment: Most VA loans in Hawaii do not have a down payment requirement for service members and veterans. Many homebuyers using a VA loan program chose the $0 down option. However, monthly mortgage payments and the VA funding fee can be greatly reduced with a down payment.
Loan Term: The length of time that a homebuyer chooses to borrow. Generally, borrowers can choose a 15-year term or a 30-year term.
VA Specific Inputs: These specifics pertain to the Veterans Affairs funding fee. Hawaii homebuyers that do not have a funding fee exemption and have previously used VA loans may be subject to paying an increased VA funding fee. Furthermore, veterans and service members with either a Purple Heart or a minimum of a 10% disability rating are exempt from the fee.
Credit Score: Including your credit score will generate a more accurate estimate. Mortgage interest rates are dependent on a variety of factors, including but not limited to the credit score of a potential homebuyer. A high credit score can potentially result in low mortgage rates which can reduce monthly VA loan payments.