How accurate are tools like the VA Disability, Home Loan and Housing Allowance calculators?

CPT Aaron Kletzing — Thu, 19 Aug 2021 12:47:42 -0400

Response by SFC Casey O'Mally made Aug 19 at 2021 1:19 PM

SFC Casey O'Mally — Thu, 19 Aug 2021 13:19:43 -0400

Disability and housing allowances are usually pretty spot on, depending on which one you use. Home loans, though.... WAY to many variables. Most people think a VA loan comes from the VA and one is the same as the next. Not at all true. VA simply guarantees the loan, it still comes from a bank, and banks can do all kinds of things with rates and fees. *If* you find a comprehensive loan calculator that allows you to input multiple variables - fees, closing costs, rates, points, down payment, zip code (to calculate taxes), insurance premiums - then it will probably be pretty close. But *any* home loan calculator that allows for all of those inputs will be accurate, it has nothing to do with VA loan.

Response by SSG Edward Tilton made Aug 19 at 2021 4:09 PM

SSG Edward Tilton — Thu, 19 Aug 2021 16:09:00 -0400

I have never heard of a VA disability calculator