Calculate VA loan payments with funding fee
For VA borrowers calculating payments with 0% down, no PMI, variable funding fees, and potential no-cost refinances.
VA Mortgage Calculator
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Create Free AccountWhat it does
The VA Mortgage Calculator computes VA loan payments with 0% down payment options, VA funding fees (typically 2-3% of loan amount), and no required mortgage insurance — providing veterans with the most favorable financing available. Input loan amount, interest rate, and funding fee to see your actual monthly payment without the PMI that conventional buyers must pay.
VA loans represent the best government benefit for military-connected buyers because zero down and no PMI dramatically reduces barriers to homeownership. This calculator shows the true cost advantage of VA financing — often $200-400/month cheaper than conventional equivalents — justifying why separating vets should strongly consider VA rather than defaulting to conventional loans.
Who it's for
- Veterans and service members using VA benefits to buy homes with minimal down payment
- Military families evaluating VA loans versus conventional or FHA alternatives
- Real estate agents marketing VA loan advantages to active duty and veteran buyers
- Veterans affairs counselors explaining VA loan terms and payment obligations
How it works
Enter purchase price, down payment, and loan term
VA loans: 0% down typical, 15–30 year terms.
Input VA funding fee and interest rate
Funding fee: 1.4–3.6% depending on down payment and service history.
Calculate payment with all costs
P&I, property taxes, insurance, HOA.
Why it matters
Model VA loans with funding fee options
See 0% down payment potential and eliminate PMI entirely
Compare VA rates against conventional and FHA
Identify refinance-to-VA-IRRRL opportunities to drop funding fee
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Frequently asked questions
Can I get a VA loan with no money down?
Yes — 0% down is standard. Funding fee is 2.3% for first-time users. No PMI required regardless of LTV.
What is VA funding fee?
Lender fee: 1.4% (5%+ down), 2.3% (no down), 3.6% (first-time, no down, cash-out). It can be financed into the loan.
Can I refinance to remove the funding fee?
Partially — VA-IRRRL (streamline refinance) typically keeps existing funding fee but no new fee on the refi.
What's the VA Certificate of Eligibility?
Proof of service. Apply through VA.gov or through your lender; instant verification now available. Required to lock a VA loan.
Is this calculator free to use?
Yes — create a free Investor Starter account to run 1 calculator per day. No credit card required. Upgrade to Core ($49/mo) for unlimited access to all 67 calculators.
How accurate are the results?
Results are only as accurate as your inputs. The formulas use industry-standard real estate investment math. Always verify with a licensed professional before committing capital.
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