Calculate Your VA Loan Amortization Schedule

How many years can you knock off your VA home loan with an extra payment?

How Does a Mortgage Loan Amortization Calculator Work?

Animated hand held calculatorA mortgage loan amortization calculator is a tool that can be used to calculate the monthly payments on a loan, as well as the total amount of interest that will be paid over the life of the loan. To use this calculator, you will need to input the loan amount, the interest rate, and the loan term. The calculator will then provide you with an estimate of the monthly payment amount, as well as the total amount of interest that will be paid over the life of the loan.

Make extra payments each month and pay off your VA loan quickly!

Looking to get a better understanding of how mortgage amortization works, and what affects your monthly payment? Check out our VA mortgage amortization calculator with an extra payment option. This will allow you to see how much of your extra payment will go towards principal and how much will be added to your loan's interest. Additionally, you can see how this will affect the total amount of payments you will make over the course of the loan. If you're interested in learning more about mortgages and amortization, be sure to give our calculators a try.

You can close the amortization calculator with the "X" in the top right corner.

Spinning question markFAQs About the VA Loan Amortization Calculator

Q. Does amortization change with extra payments?

A. With extra payments, the VA amortization schedule will change because you are reducing the amount of principal owed on the loan. This will cause the amount of interest to be paid over the life of the loan to decrease, and it will also shorten the length of the loan.

Q. How do extra payments affect amortization?

A. Extra payments affect amortization by shortening the length of time required to pay off the loan. This is accomplished by increasing the amount of each payment that is applied to the principal balance, rather than the interest. The effect is that less interest accumulates over the life of the loan, and thus it is paid off sooner.

Q. How does a loan amortization schedule work?

A. A VA amortization schedule is a table or graph that shows how much of a loan has been repaid and how much remains outstanding over time. The schedule typically starts with the borrower repaying the interest on the loan during the first month, followed by repayment of the principal amount borrowed during subsequent months. The schedule can be used to calculate the monthly payment amount required to repay a loan in full over a specific number of years.

Q. How fast will my loan be paid off with extra payments?

A. Extra payments will decrease the principal, or amount, of the loan that has to be repaid. This will result in a shorter loan term and less interest paid over the life of the loan.
Read more about VA loans on the questions and answer page


In conclusion, the VA loan amortization calculator is a great tool for those who are looking to purchase a home. It is a simple and easy to use calculator that can help you determine your monthly payments. This calculator is a valuable resource for anyone who is considering a VA loan.

Recommended Reading

  1. VA Loan Requirements for Buyers - VAHomeLoanPlus
  2. VA Interest Rates Today: See the current VA interest rates
  3. The Ultimate VA Loan FAQ: Question and Answers for Veterans