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VA Loan Calculator

VA loans can have no down payment and no monthly mortgage insurance. Instead there is a one-time funding fee, which depends on your down payment and whether you have used the benefit before. See the payment with it included.
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Where is the home?

Enter a ZIP code to use that area's property tax rate and loan limit.

Loan type
$50k$1M$2M

Loan term

Starts at the Freddie Mac weekly national average as of October 1, 2026: 7.28% (30-year), 6.60% (15-year). Your rate depends on your credit, loan and lender, so enter your quoted rate. Rate history

Taxes, insurance and HOA

Placeholder: 1% of price per year. Enter a ZIP for the local rate.

Placeholder estimate. Get a quote for your home.

Enter 0 if none.

Pay off sooner (optional extra payments)

Try an example

Illustrative scenarios to see how price and down payment change the payment. Tap one to load it.

Estimated monthly payment

$0/month

0%is principal
& interest
  • Principal & interest$0
  • Property tax$0
  • Home insurance$0
  • HOA dues$0
  • Mortgage insurance (PMI)$0
Total interest over the loan
$0
Paid off

Compare loan terms

Monthly payment and total interest for 15, 20 and 30 year terms at the same rate
TermMonthlyTotal interest

Same price, down payment and rate. Real rates are usually lower for shorter terms.

Loan balance over time

Year 0
First five years of the loan
YearPrincipalInterestBalance

Amortization schedule

YearPrincipal paidInterest paidBalanceTotal principal paid
Annual totals. Download the month-by-month schedule as CSV.

Monthly payment

$0 /mo

See breakdown

The VA funding fee

The funding fee is a percentage of the loan amount and can be paid at closing or financed into the loan. For purchase loans, using the chart effective April 7, 2023, a first-time user pays 2.15% with less than 5% down, 1.5% with 5% to under 10% down, and 1.25% with 10% or more down. Repeat use with under 5% down is 3.3%.

Veterans receiving VA compensation for a service-connected disability, and certain others such as some surviving spouses, are exempt from the fee. The fee applies to the loan amount, not the purchase price. These figures are from va.gov; confirm your own situation with your lender.

What makes VA loans different

VA loans are guaranteed by the Department of Veterans Affairs for eligible service members, veterans and some surviving spouses. There is no required down payment and no monthly mortgage insurance, and interest rates are often competitive. You need a Certificate of Eligibility, and the home must be your primary residence and meet VA property standards.

  • No down payment required for eligible borrowers.
  • No monthly mortgage insurance.
  • The funding fee can be financed into the loan.
  • Limits on what the seller can pay toward closing costs apply.

Frequently asked questions

Can I get a VA loan with no down payment?

Often yes, if you are eligible and the lender approves the loan. Putting 5% or 10% down lowers the funding fee.

Why does the funding fee change if I put money down?

The VA charges less when the lender is taking less risk, so the fee falls at 5% and 10% down.

Is the funding fee the same as mortgage insurance?

It serves a similar purpose but is a one-time charge on the loan rather than a monthly premium.

Related calculators

FHA loanEstimate an FHA loan payment with the 1.75% upfront premium, the annual mortgage insurance premium, taxes and insurance. See what 3.5% down means for your payment.USDA loanEstimate a USDA loan payment with the 1% upfront guarantee fee and the 0.35% annual fee, plus taxes and insurance, for eligible rural and suburban homes.Mortgage calculatorFull monthly payment with taxes, insurance, PMI and loan types.

Estimates for education and planning only. TotalMonthly is not a lender or advisor; confirm figures with a licensed professional. See the methodology and disclaimer.