VA Loan Calculator — Indiana
An eligible VA borrower can buy the typical Indiana home ($260,000) with no down payment. The 2.15% first-use funding fee ($5,590) is rolled into a $265,590 loan, and there is no monthly mortgage insurance — saving about $116 a month versus FHA MIP on the same home.
Indiana has the 22nd-lowest effective property tax rate of the 50 states at 0.76% — $390 less a year than the 0.91% state average on a $260,000 home. Homeowners insurance averages $2,887 a year, the 20th-highest premium nationally and $167 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,178
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$372,450
Total Cost
$783,930
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $21,268 | $2,682 | $18,586 | — | $262,908 | -$2,908 |
| Year 2 | $21,268 | $2,877 | $18,391 | — | $260,031 | -$31 |
| Year 3 | $21,268 | $3,086 | $18,182 | — | $256,945 | $3,055 |
| Year 4 | $21,268 | $3,310 | $17,958 | — | $253,635 | $6,365 |
| Year 5 | $21,268 | $3,550 | $17,718 | — | $250,084 | $9,916 |
| Year 6 | $21,268 | $3,808 | $17,460 | — | $246,276 | $13,724 |
| Year 7 | $21,268 | $4,085 | $17,183 | — | $242,191 | $17,809 |
| Year 8 | $21,268 | $4,381 | $16,887 | — | $237,810 | $22,190 |
| Year 9 | $21,268 | $4,699 | $16,569 | — | $233,111 | $26,889 |
| Year 10 | $21,268 | $5,041 | $16,227 | — | $228,070 | $31,930 |
| Year 11 | $21,268 | $5,407 | $15,861 | — | $222,663 | $37,337 |
| Year 12 | $21,268 | $5,799 | $15,469 | — | $216,864 | $43,136 |
| Year 13 | $21,268 | $6,220 | $15,048 | — | $210,644 | $49,356 |
| Year 14 | $21,268 | $6,672 | $14,596 | — | $203,972 | $56,028 |
| Year 15 | $21,268 | $7,156 | $14,112 | — | $196,815 | $63,185 |
| Year 16 | $21,268 | $7,676 | $13,592 | — | $189,139 | $70,861 |
| Year 17 | $21,268 | $8,233 | $13,035 | — | $180,906 | $79,094 |
| Year 18 | $21,268 | $8,831 | $12,437 | — | $172,075 | $87,925 |
| Year 19 | $21,268 | $9,472 | $11,795 | — | $162,602 | $97,398 |
| Year 20 | $21,268 | $10,160 | $11,108 | — | $152,442 | $107,558 |
| Year 21 | $21,268 | $10,898 | $10,370 | — | $141,544 | $118,456 |
| Year 22 | $21,268 | $11,689 | $9,579 | — | $129,855 | $130,145 |
| Year 23 | $21,268 | $12,538 | $8,730 | — | $117,317 | $142,683 |
| Year 24 | $21,268 | $13,448 | $7,820 | — | $103,868 | $156,132 |
| Year 25 | $21,268 | $14,425 | $6,843 | — | $89,443 | $170,557 |
| Year 26 | $21,268 | $15,472 | $5,796 | — | $73,971 | $186,029 |
| Year 27 | $21,268 | $16,596 | $4,672 | — | $57,375 | $202,625 |
| Year 28 | $21,268 | $17,801 | $3,467 | — | $39,574 | $220,426 |
| Year 29 | $21,268 | $19,093 | $2,175 | — | $20,481 | $239,519 |
| Year 30 | $21,269 | $20,481 | $788 | — | $0 | $260,000 |
VA Loan numbers for Indiana
- Typical Indiana home value
- $260,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $265,590
- Includes $5,590 financed funding fee
- Estimated monthly payment
- $2,178
- APR 7.242%
- Indiana property tax
- 0.76%
- $165/mo
- Homeowners insurance
- $2,887/yr
- $241/mo
- VA funding fee (first use)
- 2.15% · $5,590
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $116/mo
- Same $260,000 home, FHA at 3.5% down
How much house can you afford in Indiana with a va loan?
Highest price where principal, interest, Indiana property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $124,000 | $0 | 48% |
| $75,000 | $1,750 | $202,000 | $0 | 78% |
| $100,000 | $2,333 | $280,000 | $0 | 108% |
| $125,000 | $2,917 | $359,000 | $0 | 138% |
| $150,000 | $3,500 | $437,000 | $0 | 168% |
| $200,000 | $4,667 | $594,000 | $0 | 228% |
| $250,000 | $5,833 | $750,000 | $0 | 288% |
VA vs other loan types in Indiana
$260,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $26,000 | $234,000 | — | $140 PMI | $2,107 | 7.488% |
| FHA | 3.5% · $9,100 | $255,291 | UFMIP $4,391 | $116 MIP | $2,225 | 7.761% |
| VA | 0% · $0 | $265,590 | Funding fee $5,590 | $0 | $2,178 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $52,000 | $208,000 | — | $0 | $1,793 | 7.030% |
Frequently asked questions
What is the monthly payment on a $260,000 home with a va loan in Indiana?
Estimated $2,178 per month ($1,772 principal & interest, $165 property tax, $241 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $260,000 Indiana home?
$5,590 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.