VA Mortgage Calculator
For eligible veterans, service members and surviving spouses.
VA Loan Details
VA loans allow 0% down
First use, 0% down = 2.3%
Total Monthly Payment
VA loan advantages
- No down payment — most VA loans require 0% down.
- No PMI — VA loans never carry private mortgage insurance.
- Funding fee — a one-time fee (1.4%–3.3%) that can be financed into the loan; it is waived for disabled veterans.
VA Mortgage FAQ
On this page
VA Loan Calculator — benefits for veterans and military families
VA loans reward service with 0% down, no PMI and competitive rates. The main cost is a one-time funding fee (0.5–3.3%, waived for service-connected disabilities). This calculator shows your VA payment including the funding fee and savings vs conventional financing.
VA loan advantages
0% down and no PMI — the only major loan with both. Compare: a $400,000 conventional loan with 5% down carries ~$2,500 to $3,500/year in PMI at the typical rate.
Rates are typically 0.25–0.5% below conventional and there's no minimum credit score (lenders set their own, often 620).
The funding fee is 2.15% for first use with 0% down (regular military) — it can be financed into the loan or waived entirely for disabled veterans.
Using your VA loan more than once
The VA loan benefit is reusable — after payoff or sale, your full entitlement returns.
With remaining entitlement, you can buy again without selling (subject to county loan limits).
IRRRL (Interest Rate Reduction Refinance Loan) lets you refinance at a lower rate with minimal paperwork and no appraisal.
How to use this calculator
- Enter the home price.
- Enter your down payment (0% for VA).
- Input the VA loan interest rate.
- Add the funding fee percentage (0–3.3% based on your status).
- Read your payment, funding fee amount and total costs.
Pro tips
- Request a Certificate of Eligibility (COE) — required before any lender quote.
- Disabled veterans: the funding fee is fully waived.
- Compare 'no-points' VA options when refinancing through IRRRL.