VA Loan Calculator
Estimate the payment on a VA loan — $0 down and no PMI — including the one-time VA funding fee financed into the loan.
Free to use No sign-up needed Updates as you type
Default interest rate: 6.71% — Optimal Blue VA 30-year average, Nov 5, 2026. Enter the rate from your own Loan Estimate.
How the VA loan calculator works
A VA loan is backed by the Department of Veterans Affairs for eligible veterans, active-duty service members, and certain surviving spouses. It allows zero down payment and carries no private mortgage insurance, which keeps the monthly cost lower than a comparable conventional loan at the same rate.
In place of insurance, the VA charges a one-time funding fee that most borrowers roll into the loan rather than pay in cash. This calculator computes that fee, adds it to the balance, and shows the resulting principal-and-interest payment.
Worked example: with home price of $400,000, interest rate of 6.71% and loan term (years) of 30, the VA loan calculator shows estimated monthly payment of $2,639.32.
- Principal & interest
- $2,639.32
- VA funding fee
- $8,600
- Amount financed
- $408,600
- Total interest
- $541,554
| Home price | Estimated monthly payment |
|---|---|
| $300,000 | $1,979.49 |
| $425,000 | $2,804.27 |
| $550,000 | $3,629.06 |
| $700,000 | $4,618.80 |
The formula
The funding fee equals the base loan amount times the applicable funding-fee rate, which depends on whether it is a first or subsequent use and your down payment. That fee is added to the base loan to form the financed balance, and the monthly payment is the standard amortization formula applied to that balance.
How every calculator here computes, what it assumes and how the defaults stay current: our methodology.
- The funding fee is assumed financed into the loan, so you pay interest on it across the full term rather than at closing.
- A common first-use rate near 2.15 percent is applied with no down payment; subsequent uses and down payments shift the rate.
- Borrowers receiving VA disability compensation are typically exempt from the funding fee, which the base estimate does not auto-detect.
- Property taxes, homeowners insurance, and HOA dues are excluded; they sit outside the VA structure and are added separately.
- A fixed rate and on-time payments are assumed; rate buydowns, points, and seller-paid costs are not modeled here.
Reference data
Current figures behind this tool: VA Funding Fee Chart (2026).
Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender or a licensed advisor.
Questions about the VA loan calculator
Do VA loans really require no down payment or mortgage insurance?
For most eligible borrowers, yes. Full VA entitlement lets you finance the entire purchase price with nothing down, and the VA guaranty replaces the private mortgage insurance a conventional lender would otherwise require. That combination is the program's core advantage.
The trade-off is the one-time funding fee, which offsets some of the savings but is far smaller than years of insurance.
Who is exempt from the VA funding fee?
Veterans receiving VA compensation for a service-connected disability are generally exempt, as are eligible surviving spouses and some Purple Heart recipients. If you qualify, the fee is waived entirely, which lowers both your loan balance and your monthly payment.
Your Certificate of Eligibility usually flags exemption status, and the lender confirms it before closing rather than charging the fee in error.
Why does the funding fee change between my first and second VA loan?
The VA charges more on subsequent uses to keep the program self-sustaining. A first-time borrower with no down payment pays a lower rate than someone tapping the benefit again. Putting money down reduces the fee on any use.
Because the fee is usually financed, a higher rate quietly enlarges your loan balance, so it is worth knowing which tier applies to you.
Is my information saved or shared?
No. Every calculation runs entirely in your browser. We never store, transmit or sell the numbers you enter.
How much is the VA funding fee?
For a first-use purchase with no down payment it is 2.15% of the loan (3.3% on later use), lower with a down payment and waived for veterans with a service-connected disability.
It can be financed into the loan, and VA loans charge no monthly mortgage insurance.
Do VA loans require a down payment?
No. Eligible veterans and service members can finance 100% of the price with no down payment and no monthly PMI — two features that make a VA loan one of the lowest-cost paths to owning a home. Very large loans may need a small down payment.
Sources
How the figures on this site are calculated and tested: methodology · editorial policy.
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