VA Loan Calculator
Calculate VA loan payments including the VA funding fee based on your down payment and service type.
Before you calculate
Models purchase-loan funding fees, not all VA loan types. Eligibility, exemption documentation and lender charges require separate confirmation.
VA Loan Benefits & Funding Fee
VA loans are guaranteed by the Department of Veterans Affairs and offer significant benefits: no down payment required, no private mortgage insurance (PMI), and competitive rates. The trade-off is a one-time VA Funding Fee (0–3.3% of the loan), which most borrowers roll into the loan. Veterans with a service-connected disability rating are fully exempt from the funding fee.
Funding Fee = Loan Amount × Rate | Rate depends on: down payment tier + first/subsequent use | Total Loan = Base + Funding FeeExample Scenarios
Zero Down, First-Time Use
A $350,000 VA loan at 0% down with first-time use incurs a 2.15% funding fee ($7,525). No PMI vs. conventional saves ~$248/month on a similar loan. Despite the funding fee, the VA loan is almost always cheaper.
10% Down to Lower Funding Fee
Putting 10% down drops the funding fee to 1.25%, saving $3,150 on a $350,000 loan compared to 0% down. With more equity up front, you also lower the monthly payment. Disability-exempt veterans should always use $0 down — the fee is irrelevant.
Methodology & Assumptions
Funding fee rates for the purchase-loan scenarios modeled here: 0% down first use = 2.15%, subsequent = 3.30%; 5–9.99% down = 1.50%; 10%+ down = 1.25%. Disability exemption = 0%. PMI savings comparison uses 0.85% annual conventional PMI.
Sources & calculation notes
Maintained by MoneyCalc. Results are estimates based on the inputs and assumptions shown, not personalized financial advice or a lender quote. Default rates are examples unless a specific tax year or official table is identified.
References explain the underlying concepts or rules. They do not endorse or independently certify this implementation.
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