VA Loan Calculator
VA mortgage payment with the funding fee.
VA loan use
Exempt from the funding fee?
For example, veterans receiving VA disability compensation.
Loan term
Your result
—
Enter your numbers to see the result.
This VA loan calculator estimates the monthly payment on a VA-guaranteed home loan. It applies the VA funding fee for first or subsequent use based on your down payment, lets you mark yourself exempt (for example, if you receive VA disability compensation), adds the fee to the loan and includes property tax, homeowners insurance and HOA dues. VA loans need no down payment and no monthly mortgage insurance.
What is a VA Loan Calculator?
A VA loan is a mortgage guaranteed by the US Department of Veterans Affairs for eligible veterans, service members and some surviving spouses. It usually requires no down payment and no monthly mortgage insurance, and rates are often lower than conventional loans.
Most borrowers pay a one-time VA funding fee, which helps keep the program running. The fee depends on your down payment and whether you have used the benefit before, and many borrowers add it to the loan. Veterans receiving VA disability compensation and some others are exempt. This VA loan calculator includes the fee in your payment.
How does the VA Loan Calculator work?
The calculator subtracts your down payment to get the base loan, picks the funding fee rate from the VA purchase chart (or zero if exempt), adds the fee to the loan and works out principal and interest. It then adds property tax, homeowners insurance and HOA dues. There is no mortgage insurance line because VA loans do not require it.
How to use the VA Loan Calculator step by step
- Enter the home price and any down payment.
- Choose first or subsequent use.
- Mark whether you are exempt from the fee.
- Enter the rate and term.
- Add tax, insurance and HOA.
- Read the payment and fee details.
VA Loan Calculator example with real numbers
Marcus is a veteran using his VA home loan benefit for the first time to buy a $400,000 home with no down payment at 6% for 30 years.
| Example input | Value |
|---|---|
| Home price | $400,000 |
| Down payment | 0% |
| VA loan use | First use |
| Exempt from the funding fee? | No |
| Interest rate | 6% |
| Loan term | 30 years |
| Property tax rate (yearly) | 1% |
| Homeowners insurance (yearly) | $1,600 |
| HOA dues (monthly) | $0 |
| Example output | Value |
|---|---|
| Estimated monthly payment | $2,916 |
| Base loan amount | $400,000 |
| VA funding fee | 2.15% = $8,600 |
| Total loan (fee financed) | $408,600 |
| Principal and interest | $2,450 |
| Property tax + insurance + HOA | $467 |
| Total interest over the loan | $473,315 |
The VA loan calculator adds a funding fee of 2.15% = $8,600, for a total loan of $408,600, and shows a monthly payment of about $2,916.
Key features of this VA Loan Calculator
- 2026 purchase funding fee chart
- First and subsequent use
- Exemption toggle
- No-PMI payment
- Taxes, insurance and HOA
Who should use the VA Loan Calculator?
Who is this VA Loan Calculator for?
- Veterans and active-duty service members
- Surviving spouses
- Military families relocating
- Loan officers
Practical use cases
- Estimating a VA payment
- Seeing how 5% down lowers the fee
- Comparing VA with FHA or conventional
- Planning a second VA purchase
Key benefits
- Accurate fee: full purchase chart.
- Complete: taxes and insurance.
- Exemption-aware: one toggle.
- Private: runs in your browser.
Tips for better results
- Putting 5% down cuts the first-use fee from 2.15% to 1.5%.
- Get your Certificate of Eligibility early.
- VA appraisals have minimum property requirements.
- Ask lenders to compare with and without financing the fee.
Common mistakes to avoid
- Forgetting the funding fee increases the loan.
- Assuming you cannot use the benefit twice.
- Not checking for a disability exemption.
- Ignoring property tax and insurance.
Limitations of this VA Loan Calculator
- Purchase loans only; refinance fees differ.
- Fee rates are set by law and can change.
- Eligibility and entitlement are not checked.
VA Loan Calculator vs other ways to calculate
| Down payment | First use | Subsequent use |
|---|---|---|
| Under 5% | 2.15% | 3.3% |
| 5% to 9.99% | 1.5% | 1.5% |
| 10% or more | 1.25% | 1.25% |
Compare with an FHA loan using the FHA loan calculator, or see what you can afford with the home affordability calculator.
Privacy and data handling
This VA Loan Calculator runs entirely in your browser. The numbers you type are not sent to Qorico or stored on any server, and nothing is saved after you close the page. The Copy and Download buttons create the result on your own device. If the page has analytics turned on, it may count that a calculation happened, but it does not record the values you entered.
VA Loan Calculator FAQs
How much is the VA funding fee in 2026?
For purchases: 2.15% first use (3.3% subsequent) with under 5% down, 1.5% with 5% to 9.99% down, and 1.25% with 10% or more.
Who is exempt from the VA funding fee?
Veterans receiving VA disability compensation, some surviving spouses and certain Purple Heart recipients, among others.
Do VA loans have PMI?
No. VA loans do not require monthly mortgage insurance.
Can I roll the funding fee into the loan?
Yes. Most borrowers finance it, which the calculator assumes.
Do I need a down payment for a VA loan?
Usually not, but a down payment lowers the funding fee and the loan.
Can I use a VA loan more than once?
Yes. Later uses may have a higher fee if you put less than 5% down.
Related tools
Sources and references
We checked the method and the current figures used in this VA Loan Calculator against these official and primary sources:
- VA: Home loan funding fee
- VA: Home loans
- CFPB: Owning a home
- U.S. Department of Housing and Urban Development
Written and reviewed by the Qorico Team
