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Veterans' Mortgage Life Insurance: Premium Calculator


VMLI Premium Calculator

VMLI Premiums are based on your age, the current balance of your mortgage loan, how long you must continue to make mortgage payments until the mortgage is paid off, and the amount of VMLI coverage. By entering those numbers below, we can give you an approximation of how much your VMLI premiums will cost you.


  1. This is only an estimate based on the information you are providing at this time.
  2. The values you are providing are constantly changing, and this affects your premium rate. If you apply for VMLI, we will ask you to provide documentation of your mortgage so that we can calculate your premium exactly.
  3. If you already have VMLI, your premium will be affected by the amount of insurance entitlement you have remaining.
For insurance purposes, think of your closest birthday within 6 months either in the past or in the future, from today's date. Enter the age you became or the age you will become if your closest birthday is in the future. Example: If today is July 1 and your birthday is August 15, what age will you become on August 15?
Your loan duration means the number of years remaining that you will have to make mortgage payments. You should round this number off. For example, if you have 10 years and 9 months remaining, use 11 years. If you have 10 years and 2 months remaining, use 10 years.
Round off to the nearest dollar--do not use a decimal point or dollar sign.
Your VMLI Coverage may not exceed your current mortgage balance or the maximum coverage allowed by law, whichever is less. Round off to the nearest dollar--do not use a decimal point or dollar sign.