VA Mortgage Calculator
Calculate your VA loan monthly payment with the funding fee financed and no down payment required.
Example
On a $300,000 home with 0% down at 6.5% over 30 years and a 2.15% first-use funding fee:
- Funding fee = $300,000 × 2.15% = $6,450.00
- Total financed = $300,000 + $6,450 = $306,450.00
- Monthly payment ≈ $1,936.97 (principal & interest)
- Total interest over the loan ≈ $390,860.08
How it works
Enter the home price, interest rate, term, and funding fee percentage. The fee is added to the loan amount and amortized into your monthly payment.
Good to know
The VA Mortgage Calculator estimates the monthly principal-and-interest payment on a VA home loan, assuming the zero-down financing that the program allows. You enter the home price, interest rate, loan term, and funding fee percentage, then choose whether the funding fee is rolled into the loan or paid at closing. It is built for eligible veterans, active-duty service members, and surviving spouses who want a quick sense of payment size before talking to a lender.
Reach for it when you are comparing homes in a price range, deciding whether to finance the funding fee versus paying it upfront, or sanity-checking a lender's quote. Because the tool defaults the loan amount to the full home price, it models the common 100%-financing scenario; if you plan to put money down, lower the home price input is not the right move — instead reduce the funding fee percentage and remember the result still reflects the full price as principal.
Read the output as four pieces: the big number is your monthly principal and interest, while the stat cards break out the dollar funding fee, the total loan amount being amortized, the total interest paid over the term, and the total of all payments. The bars give a visual ratio of principal to fee to interest — over a 30-year term, interest often rivals or exceeds the home price itself, which is the clearest argument for a shorter term or extra principal payments.
Two caveats worth keeping in mind:
- The estimate covers only principal and interest. It excludes property taxes, homeowners insurance, and HOA dues, so your real monthly housing cost will be higher than the figure shown.
- The 2.15% default is the first-use, zero-down rate; subsequent use, any down payment, and certain service categories change it, and many disabled veterans are exempt entirely — so adjust the funding fee field to match your actual situation.
Frequently asked questions
What is the VA funding fee and can I roll it into my loan?
The VA funding fee is a one-time charge that helps fund the loan program in place of mortgage insurance. For most first-use, no-down-payment loans it is 2.15% of the loan amount. It can be financed (rolled into the loan, increasing your balance and payment) or paid upfront at closing. Some veterans, such as those with a service-connected disability, may be exempt.
Do VA loans really require no down payment?
Yes. Eligible borrowers can finance up to 100% of the home's value with no down payment, which is why this calculator defaults to a loan amount equal to the full home price. Putting money down lowers your funding fee percentage and reduces your monthly payment, but it is not required.
Is my data uploaded anywhere?
No — this calculator runs entirely in your browser; nothing is uploaded.
Is this financial advice?
No. These are educational estimates — consult a qualified financial professional before making decisions.
People also ask
How much is the VA funding fee in 2026?
The funding fee is set as a percentage of the loan amount and varies by down payment and whether it is your first or a subsequent VA loan. The common first-use rate with zero down is 2.15%, with reduced rates for larger down payments and a higher rate for subsequent use; check current VA tables for the exact figure that applies to you.
Who is exempt from the VA funding fee?
Veterans receiving VA compensation for a service-connected disability, those eligible to receive such compensation, and certain surviving spouses are typically exempt. If you qualify, set the funding fee field to 0 to model your payment without it.
Is it better to finance the VA funding fee or pay it upfront?
Financing the fee keeps cash in your pocket at closing but adds it to your loan balance, so you pay interest on it over the term. Paying upfront avoids that interest but requires more cash at closing; this calculator lets you toggle between the two to compare the resulting payment and total interest.
Do VA loans require private mortgage insurance (PMI)?
No. VA loans do not require monthly mortgage insurance, even with no down payment. The one-time funding fee serves a similar purpose to PMI by helping sustain the loan program.
What credit score do you need for a VA loan?
The VA itself does not set a minimum credit score; individual lenders do, and many look for a score in the low-to-mid 600s or higher. Requirements vary by lender, so qualifying terms differ from one to another.
Does this calculator include property taxes and insurance?
No. It estimates only principal and interest plus the funding fee. Property taxes, homeowners insurance, and HOA dues are not included, so budget for them separately on top of the payment shown.
Can I use a VA loan more than once?
Yes. VA loan benefits can be reused, and entitlement can be restored after a previous VA loan is paid off or sold. Subsequent uses generally carry a higher funding fee than first-time use unless you are exempt.
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