VA Loan Calculator
Estimate VA home loan payments, including the VA funding fee.
About the VA Loan Calculator
VA loans for eligible veterans and service members need no down payment and no monthly mortgage insurance. Instead there's a one-time funding fee, usually financed: on purchases 2.15% for first use with under 5% down (3.3% on subsequent use), 1.5% with 5–9.99% down and 1.25% with 10% or more. Veterans receiving disability compensation are exempt.
The formula
Loan = base loan × (1 + funding fee %)
VA funding fee (purchase loans)
| Down payment | First use | Subsequent use |
|---|---|---|
| Under 5% | 2.15% | 3.30% |
| 5% to 9.99% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
Worked example
Example: Principal and interest = $2,623.76
- Inputs: Home price: $390,000; Down payment: 0%; Interest rate (yearly): 6.9%; Term: 30 years; VA loan use: First use; Receiving VA disability compensation: No.
- Formula: Loan = base loan × (1 + funding fee %)
- Result: Principal and interest = $2,623.76
- Funding fee: 2.15% = $8,385
Questions people ask
Is there a loan limit?
No VA limit for borrowers with full entitlement; lenders still assess affordability.
Can the fee be refunded?
If you're later awarded disability compensation effective before closing, you may get a refund.