FHA / VA Loan
Compare FHA and VA financing
This calculator compares FHA and VA loans for eligible South Florida buyers. FHA loans allow a 3.5% down payment with mortgage insurance; VA loans let eligible veterans and service members buy with zero down and no monthly mortgage insurance, though a one-time funding fee may apply.
Browser-only estimate
FHA or VA: what will the payment be?
Choose the loan type and enter the property numbers. The payment estimate updates as you type.
FHA minimum 3.5%; VA can be 0%.
FHA carries an upfront 1.75% mortgage insurance premium plus an annual premium. VA has no monthly mortgage insurance, but a one-time funding fee may apply unless waived.
Estimated total monthly payment
$3,440
- Principal and interest
- $2,535
- Mortgage insurance / funding fee
- $180 / mo
- Tax and insurance
- $725
- Financed upfront fee
- $6,755
Estimates only. Rates and premiums change; your lender confirms the final figures.
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This is a browser-only estimate to help you plan. Michael “Wiz” Wisniewski pairs the math with real lender quotes, current tax and insurance figures, and a plan that fits your goals. No obligation, no pressure.
This is a browser-only estimate, not an approval. Rates, premiums, and fees are set by the FHA, VA, and your lender, and they change.
The FHA upfront MIP is 1.75% and the VA funding fee ranges from 0.5% to 3.3% depending on use and down payment; both may be financed into the loan. Veterans receiving disability compensation are usually exempt from the VA funding fee.
Eligibility and program details matter. Michael works with VA and FHA lenders he trusts to confirm your best option.