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VA Loan Calculator
Estimate your VA payment including the funding fee, with no monthly PMI.
Monthly payment
—
Principal & interest.
| Loan amount (with fee) | — |
|---|---|
| Funding fee | — |
| Total interest | — |
| — |
Show our math
Enter your figures above to see the step-by-step working.
Educational estimate — not a loan offerEverything computed client-side — nothing leaves this page
How the VA Loan Calculator Works
A VA loan lets eligible veterans and service members buy with no down payment and no monthly mortgage insurance. In place of insurance there’s a one-time VA funding fee — commonly 2.15% of the loan for a first use with no down payment — which is usually rolled into the balance. This calculator adds the funding fee, then amortizes for principal and interest. A $300,000 home at 6.5% with no down payment is about $1,939 a month.
The funding fee is lower with a down payment and higher for later uses; it’s waived for veterans with a service-connected disability. Because there’s no PMI, VA payments are often lower than FHA or low-down conventional loans. Taxes and insurance are extra.
payment = amortized (price − down + funding fee)
Frequently Asked Questions
What is the VA funding fee?
A one-time fee, commonly 2.15% of the loan for a first-time use with no down payment, usually financed into the balance. It replaces monthly mortgage insurance.
Do VA loans require a down payment?
No — eligible borrowers can finance 100% of the price. Putting money down lowers the loan and the funding fee.
Do VA loans have PMI?
No. VA loans never charge monthly mortgage insurance, which is a big part of why their payments are competitive.
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