VA Loan Calculator
Estimate a VA home loan payment including the VA funding fee. Enter price, down payment, rate, term, and taxes to see your monthly principal, interest, and total.
Updated 2026-06-14 · Free · No sign-up · Runs privately in your browser
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How the VA Loan Calculator Works
This calculator estimates the monthly cost of a VA home loan, including the VA funding fee that most borrowers finance into the loan. Enter the home price, down payment, funding fee percentage, interest rate, term, and your yearly taxes and insurance.
How it works
A VA loan finances the funding fee on top of the base amount borrowed, then amortizes the total like any mortgage:
Base loan = home price − down payment Loan amount = base loan × (1 + funding fee %) Principal & interest = loan × i ÷ (1 − (1 + i)^−n), with i = rate ÷ 12, n = years × 12 Total payment = principal & interest + (taxes & insurance ÷ 12)
VA loans charge no monthly mortgage insurance, so the funding fee is the main add-on.
Worked Example
Suppose a $350,000 home, $0 down, a 2.15% funding fee, 6.5% rate over 30 years, with $4,800/year in taxes and insurance:
- Base loan = 350,000 − 0 = $350,000
- Loan with fee = 350,000 × 1.0215 = $357,525
- Principal & interest ≈ $2,259.80/month
- Taxes & insurance = 4,800 ÷ 12 = $400/month
- Total monthly payment ≈ $2,659.80
What Affects the Funding Fee
| Situation | Typical funding fee |
|---|---|
| First use, no down payment | Higher tier |
| Down payment of 5%+ | Reduced |
| Down payment of 10%+ | Lowest tier |
| Exempt (disability, etc.) | 0% |
Because fee tiers can change, the calculator lets you enter the exact percentage from your VA paperwork.
Tips for VA Borrowers
- Confirm your exemption. If you receive VA disability compensation, set the fee to 0%.
- Weigh a small down payment. Putting 5% or more down can drop the funding fee tier.
- Budget for taxes and insurance. These escrowed costs are part of your real monthly payment, not an afterthought.
Frequently asked questions
What is the VA funding fee?+
The VA funding fee is a one-time charge that helps fund the VA loan program in place of private mortgage insurance. It is usually a percentage of the loan, varies by down payment and whether it is your first use, and is most often financed into the loan rather than paid in cash.
Do VA loans require a down payment?+
Most eligible borrowers can buy with no down payment, which is why the home price often equals the base loan amount. A down payment is optional and lowers both the loan size and the funding fee percentage.
Is the funding fee added to my loan?+
Usually yes. The fee can be paid in cash at closing or, more commonly, financed by adding it to the loan balance. This calculator finances the fee, so the loan amount shown includes it.
Are VA borrowers ever exempt from the funding fee?+
Yes. Veterans receiving VA disability compensation, certain surviving spouses, and some Purple Heart recipients may be exempt. If you qualify for an exemption, set the funding fee to 0% in the calculator.
Does a VA loan have monthly mortgage insurance?+
No. VA loans do not charge monthly mortgage insurance. The one-time funding fee takes its place, which is a key reason VA loans are popular with eligible veterans and service members.