Example of VA Energy Mortgage

Appraised Value:  $120,000
Interest Rate:  8.5%
Term:  30 yr.
 
Example 1 Cost of Energy Improvements = $2400
Approved - $3000 > $2400
 
Example 2 Cost of Energy Improvements = $3400
Monthly Energy Savings (from rating) = $32.50
Monthly Payment Increase = $26.14
Approved - $32.50 > $26.14