VA Loan Calculator
VA loan calculator: estimate your monthly payment with the VA funding fee, down payment and rate for a US home purchase.
Editorial review: Farrow (pseudonym; identity and professional credentials are not disclosed). This page is for educational purposes, not professional advice.
Updated
Your inputs
Results update as you type. Nothing you enter leaves your device.
Results
- VA funding fee
- $7,525
- Total loan amount
- $357,525
- Total interest
- $434,958
Example with the starting values
These results use the calculator's initial inputs. Change the values above to calculate your own estimate.
Inputs
- Home price
- 350000 $
- Down payment
- 0 $
- Interest rate
- 6.25 %
- Term
- 30 years
- VA loan use
- First use
Results
- Monthly payment (P&I)
- $2,201.34
- VA funding fee
- $7,525
- Total loan amount
- $357,525
- Total interest
- $434,958
How does the VA Loan Calculator work?
VA loans need no down payment, but most borrowers pay a one-time funding fee based on down payment size and whether it is first use. The fee is added to the loan.
Principal and interest are then calculated on the loan plus fee. Taxes, insurance and HOA are not included.
Frequently asked questions
What is the VA funding fee?
A one-time charge of 1.25% to 3.3% of the loan, depending on down payment and use. It can be rolled into the loan.
Who is exempt from the fee?
Veterans receiving VA disability compensation, and some surviving spouses, pay no funding fee.
Is there mortgage insurance on VA loans?
No. VA loans have no monthly PMI, which is a major saving.
Can I use a VA loan more than once?
Yes. Entitlement can be restored after repayment, though repeat use with no down payment has a higher fee.