Calculate VA mortgage payments with VA funding fee, eligibility options, and amortization schedule. Veterans get one of the best mortgage deals in the country, and this VA mortgage calculator shows exactly why.
Modify the values and click the calculate button to use
VA Eligibility:
This tool is made specifically for eligible veterans, active-duty service members, and surviving spouses using a VA loan. You input the home price, interest rate, term, and whether this is your first or subsequent use of the benefit, and it returns a full monthly payment with the VA funding fee correctly applied. The defining trait of a VA loan is what's missing: there's no required down payment and no monthly private mortgage insurance, unlike FHA or low-down conventional loans. In exchange, the VA charges a single funding fee that the calculator can finance into your loan. Borrowers receiving VA disability compensation are typically exempt from the fee entirely, and the tool lets you flag that. Use it to estimate payments, gauge affordability, or weigh VA against other loan programs.
A VA estimate comes together quickly once you know your eligibility details. Here's the order:
Enter the home price.
Since VA allows zero down, this is usually your full loan amount before the funding fee.
Choose your down payment.
Leave it at $0 for the classic VA benefit, or add a down payment to lower your funding fee tier.
Add the interest rate and term.
VA rates track close to conventional, near the mid-6% range in 2026.
Select first or subsequent use.
First-time use with zero down is 2.15%; later use jumps to 3.30%.
Flag any funding-fee exemption.
If you receive VA disability compensation, mark it exempt to zero out the fee.
Add taxes and insurance.
Enter annual property tax and homeowners insurance for a complete payment.
Toggle a small down payment on and off to see how it trims your funding fee.
The VA math is simpler than FHA because there's no monthly insurance to track. The calculator starts with your loan amount, then applies the funding fee based on your use and down payment:
Total Loan = Home Price + (Home Price × Funding Fee Rate)
For a first-use, zero-down borrower, that rate is 2.15%. Put down 5% and it falls to 1.50%; 10% or more drops it to 1.25%. Once the financed fee is added, principal and interest are calculated on the new total using standard amortization. Then taxes and insurance are divided into monthly amounts and added. Here's what that actually means: unlike an FHA loan, nothing recurring gets stacked on for mortgage insurance, so your monthly payment is just principal, interest, and escrow. The funding fee is a one-time price of admission, not a monthly drag. That single difference is why a VA payment often beats an FHA payment on the same house, even though the headline rates look similar.
Your payment reflects a structure built to favor the borrower. Because there's no monthly PMI, a VA payment on a given home typically runs lower than the FHA equivalent, where insurance can add $130–$180 a month for the life of the loan. The funding fee inflates your loan balance slightly when financed, so you pay interest on it over time — that's the trade-off for zero down. Think of it this way: you're swapping a recurring monthly insurance bill for one upfront fee folded into the mortgage. If you're exempt due to a service-connected disability, even that fee disappears, making the VA loan extraordinarily cheap to carry. A larger down payment isn't required, but adding one shrinks both your loan and your funding fee rate, which can be worth it if you have cash on hand. Read your result knowing the monthly figure is unusually clean — no insurance line hiding inside it.
A handful of VA-specific variables shape your payment:
Your first VA loan with zero down carries a 2.15% fee; reusing the benefit pushes it to 3.30%, a meaningful jump on a large loan.
Putting down 5% or 10% lowers your funding fee tier, reducing the financed amount and your payment.
Veterans receiving disability compensation pay no funding fee at all, which removes the entire charge.
VA rates sit close to conventional; small rate moves still shift your monthly cost.
With no PMI in the mix, escrow becomes a larger share of your payment, so local tax rates matter.
A 15-year VA loan cuts total interest sharply but raises the monthly payment versus a 30-year.
Marcus, a first-time VA borrower, buys a $340,000 home with nothing down. The funding fee is 2.15%, or $7,310, financed into the loan for a total of $347,310. At 6.5% over 30 years, principal and interest come to about $2,195. There's no monthly PMI, so adding an estimated $354 in property tax and $130 in insurance brings his payment to roughly $2,679. An FHA buyer on the same home would carry an extra insurance line every month — Marcus avoids it entirely.
Diane receives VA disability compensation, so she's exempt from the funding fee. She buys a $295,000 home and puts 5% down ($14,750), financing $280,250. With no funding fee added, her loan stays clean at $280,250. At 6.5% for 30 years, principal and interest are about $1,771. Adding $307 in taxes and $115 in insurance, her payment is roughly $2,193. Between the exemption and no PMI, Diane carries one of the lowest-cost mortgages available on a home that price.
Make the most of a benefit you earned with these moves:
Confirm your funding fee exemption. If you receive disability compensation, you likely owe no funding fee — verify it before closing so you're not overcharged.
Weigh a small down payment. Even 5% down lowers your funding fee rate and shrinks the financed amount, trimming your payment.
Compare against FHA honestly. VA usually wins on monthly cost thanks to no PMI, but run both to be sure for your situation.
Mind subsequent-use fees. If you've used VA before, the higher 3.30% fee can be reduced by putting money down.
Always include escrow. With no insurance line, taxes and insurance make up more of your payment than you might expect.
Lock your rate thoughtfully. VA rates move with the market, and a lower rate saves thousands over the term.
A VA mortgage calculator estimates your payment using zero down payment, no monthly PMI, and the one-time VA funding fee. It then adds principal, interest, taxes, and insurance for a full monthly figure. This reflects the unique structure of a VA loan accurately.
No, VA loans require no down payment for eligible borrowers, which is their signature benefit. You can finance 100% of the home price. Adding a down payment is optional and lowers your funding fee rate.
For first-time use with zero down, the 2026 VA funding fee is 2.15% of the loan amount. Subsequent use with zero down rises to 3.30%, while putting 5% or more down lowers the rate. Veterans with service-connected disabilities are exempt.
The funding fee is a percentage of your loan amount set by your use history and down payment. A first-use borrower with zero down pays 2.15%, so on a $340,000 loan that's $7,310. Most borrowers finance the fee into the loan rather than pay it at closing.
No, VA loans never charge monthly private mortgage insurance, regardless of how little you put down. The one-time funding fee replaces it. This is why a VA payment often costs less per month than an FHA loan on the same home.
Veterans receiving VA disability compensation, certain surviving spouses, and some Purple Heart recipients are exempt from the funding fee. If you qualify, the entire fee is waived. Confirm your status with your lender before closing.
Usually yes, because VA loans charge no monthly mortgage insurance while FHA loans add MIP for the life of most loans. VA's one-time funding fee is often cheaper over time than years of FHA premiums. Running both in a calculator confirms the difference for your specific home.
Brief disclaimer: This calculator provides estimates for educational and planning purposes only. Actual VA loan terms, funding fee rates, and eligibility depend on your service record, lender, and VA guidelines. Results should be treated as planning guidance rather than financial or mortgage advice.