🎖️ VA Mortgage Calculator
VA loans for eligible service members and veterans need no down payment and no monthly mortgage insurance, but most borrowers pay a one-time VA funding fee, usually financed into the loan. The fee is 2.15% for first-time use with zero down and 3.3% for later uses, dropping when you put 5% or 10% down.
Veterans with a service-connected disability are exempt from the funding fee. This calculator uses the standard 2026 fee schedule for purchase loans.
How to use this calculator
Enter the home price, down payment, rate and term, and whether this is your first VA loan use, to get the funding fee and monthly payment.
- Type the Home price and any Down payment.
- Enter the Annual interest rate and Loan term.
- Choose whether this is your first time using a VA loan.
- Press Calculate to see the funding fee and payment.
Frequently asked questions
What is the VA funding fee?
A one-time fee most VA borrowers pay, usually financed into the loan. It is 2.15% for first-time use with zero down and 3.3% for later uses, with lower rates at 5% and 10% down.
Do VA loans have monthly mortgage insurance?
No. That is a key VA benefit: there is no monthly PMI or MIP, only the one-time funding fee.
Can you give an example?
A $400,000 home with zero down at 6.25% over 30 years on first use carries a 2.15% fee of $8,600, making the loan $408,600 and the monthly payment about $2,515.82.
Who is exempt from the funding fee?
Veterans with a service-connected disability are generally exempt. Check current VA rules or ask your lender to confirm.