VA Construction Loan Calculator

Plan a VA one-time-close build: budget, loan and payment.

Build your project budget

Do you already own the land?Is the land paid off?Land purchase price ($)Current land value ($)Equity only. It does not get added to the loan.Existing land payoff balance ($)Only the payoff goes into this budget. I’d verify equity treatment with the lender.Construction contract ($)Site work and utilities not in contract ($)Permits, plans and other costs ($)Construction contingency (%)Applied to construction and site work. Avoid duplicating a contingency in your contract.Estimated closing costs ($)Down payment / cash into the project ($)Construction period (months)Illustrative construction rate (%)Average outstanding balance (%)A rough interest-reserve assumption, not a draw schedule.VA benefit usageExempt from the funding fee?

Illustrative permanent rate (%)Permanent loan term (years)

Ongoing costs & construction payment

Annual property taxes ($)Enter a finished-home estimate, not the current land-only bill.Annual homeowners insurance ($)Monthly HOA dues ($)Your payment during construction ($ / month)On many VA one-time-close builds, interest during the build is covered by an interest reserve in the budget. Ask how your lender structures it.

Estimated project financing

This is a project budget, not a specific lender’s VA construction program. Costs, land equity treatment, reserves and financeable items vary. The lender must confirm available entitlement, appraised value, builder approval and any required cash.

Interest reserve uses the pre-reserve financing estimate × average balance percentage × construction rate × months ÷ 12. It excludes interest on reserves and the funding fee. The after-completion estimate adds your entered property taxes, insurance and HOA. A $0 entry is a placeholder, not a claim that the cost is waived.

Construction files live and die on the details.

Bring me your builder’s numbers and we’ll build the real budget together.

Book a Call Call (210) 294-4223

Reference: VA purchase and construction uses · VA funding fee information

Educational estimates only. Not a Loan Estimate, loan offer or approval. All prefilled rates and costs are editable examples. A lender and settlement provider must confirm actual costs and eligibility.