Calculate your VA loan payment including the VA funding fee — with little or no down payment required.
2025 VA funding fee (example, first-time use)
| Period | Date | Payment | Principal | Interest | Balance |
|---|
A VA mortgage calculator estimates your monthly payment for a home loan backed by the US Department of Veterans Affairs, including the VA funding fee — a one-time cost unique to VA loans. VA loans are available to eligible veterans, active-duty service members, and certain surviving spouses, and are well known for allowing 0% down payment.
VA loans charge a one-time funding fee, calculated as a percentage of the loan amount — this calculator uses 2.15% (example rate, for first-time use with 0% down). This fee is typically financed into the loan rather than paid in cash, increasing your total loan amount slightly. The monthly principal and interest payment is then calculated using the standard formula M = P × [r(1+r)n] / [(1+r)n − 1], where P includes the financed funding fee.
Example: For a $350,000 home with 0% down, a base loan amount of $350,000, plus a 2.15% VA funding fee financed in (bringing the loan to roughly $357,525), at a 6.25% interest rate (example rate — enter your actual rate) over 30 years, the monthly payment would be based on this slightly higher loan amount, with no separate mortgage insurance required. (Note: all figures in this example are for illustration purposes only and do not represent actual rates or current VA funding fee schedules.)
VA loans are one of the few mortgage programs that allow qualified borrowers to buy a home with no down payment and no ongoing mortgage insurance (unlike FHA loans with MIP or conventional loans with PMI below 20% down). Instead, VA loans charge a one-time funding fee that varies based on factors like down payment size, whether it's a first or subsequent use of the VA loan benefit, and the type of service — some borrowers, such as those receiving VA disability compensation, may be exempt from the fee entirely (example rate used in this calculator — actual VA funding fees and exemptions are set by the VA and can change).
VA loans are generally available to eligible veterans, active-duty service members, National Guard and Reserve members, and certain surviving spouses, subject to specific service requirements set by the VA.
Yes — VA loans are one of the few mortgage programs that allow qualified borrowers to finance 100% of the home price with no down payment, subject to loan limits and lender requirements.
The VA funding fee is a one-time fee charged on most VA loans, calculated as a percentage of the loan amount. It helps offset the cost of the VA loan program and is typically financed into the loan. The percentage varies based on down payment size and whether it's your first use of the benefit.
It's an example rate for first-time use with 0% down. Actual VA funding fees vary based on your down payment percentage, whether you've used a VA loan before, and your service category — some borrowers are exempt entirely.
No. VA loans do not require ongoing mortgage insurance, which is a key advantage over FHA loans (which require MIP) or conventional loans with less than 20% down (which require PMI).
No — the default rate is an example only. VA loan rates vary by lender, your credit profile, and market conditions, so always use a rate from an actual lender quote.
Disclaimer: The information, rates, fees, and figures provided on this page are for educational and illustrative purposes only. All rates, fees, and examples shown are sample values and do not reflect current or actual VA guidelines, funding fees, or market rates. Financial rules and regulations change frequently. Always consult a qualified financial advisor or VA-approved lender before making any financial decisions.