VA Loan Calculator

VA loans require no down payment and no monthly mortgage insurance, but charge a one-time funding fee that's usually financed into the loan.

Your details

Home price$Down payment%VA loans allow 0% down.Interest rate%Loan termVA funding fee%Varies by down payment and prior use (0% for exempt veterans).

Monthly payment

$1,936.97

Funding fee (financed): $6,450.00
Total loan: $306,450.00
Base loan: $300,000.00

Base loan vs funding fee

Base loan: $300,000.0098%
Funding fee: $6,450.002%

Monthly payment$1,936.97

Formula

Base loan = price × (1 − down%). Funding fee is added to the loan; the payment amortizes the total. No monthly MI.

Sources & methodology

Default funding fee (2.15%) is for first use with under 5% down; it varies — verify your rate. Exempt veterans pay none.

•VA — funding fee — U.S. Dept. of Veterans Affairs

Last updated: 2026-07-20

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