Calculate your Hawaii mortgage rates & Oahu VA loan payments
Discover Low Mortgage Rates – Hawaii Calculator for VA Loans
Estimate your VA Purchase Loan monthly payments based on the best mortgage rates Hawaii has to offer. Our Oahu VA loan calculator is an excellent place to begin the journey of purchasing a home in Honolulu, Ewa Beach, Pearl City, Kailua, Kaneohe, and more.
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. APR estimates loan fees and closing costs and determines the actual borrowing cost of a VA home mortgage. 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. 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.