VA Loan Calculator
Estimate a VA home loan payment including the VA funding fee (based on down payment and first or subsequent use), with $0 down allowed and no PMI.
For information and education only — not financial advice. Results are estimates based on the numbers you enter; check important decisions with a qualified professional.
How to use
- 1Enter the price, down payment, rate and term.
- 2Choose first or subsequent use, or mark yourself exempt (e.g. disability compensation).
How it's calculated
Funding fee (purchase loans): first use 2.15% (<5% down), 1.5% (5–9.99%), 1.25% (10%+); subsequent use 3.3% (<5% down). The fee is financed into the loan.
Frequently asked questions
Do VA loans need a down payment?
No — eligible veterans and service members can often borrow 100% of the price, and there's no private mortgage insurance.
Who is exempt from the funding fee?
Veterans receiving VA disability compensation, Purple Heart recipients on active duty and some surviving spouses, among others.
Can I pay the funding fee in cash?
Yes. You can pay it at closing instead of financing it, which lowers your loan balance.