VA Home Loan Calculator
Estimate your VA loan monthly payment, including the VA funding fee. No down payment or monthly PMI required for eligible veterans, active-duty service members, and surviving spouses.
Quick Answer
On a $400,000 home with $0 down (first-time VA use), a 30-year fixed loan at 6.2% interest, your estimated monthly payment (principal & interest) is about $2,450, with a one-time VA funding fee of $8,600.
Loan Details
VA loans allow $0 down for eligible borrowers.
Estimated Monthly Payment
$2,450
Principal & Interest
$2,450
Property Tax
$400
Insurance
$133
VA Funding Fee (2.15%)
$8,600
Total Loan Amount
$408,600
Amortization Schedule
Yearly view| Year | Principal | Interest | Balance |
|---|
What Is a VA Home Loan Calculator?
A VA home loan calculator estimates your monthly payment for a loan backed by the U.S. Department of Veterans Affairs. Unlike conventional or FHA loans, VA loans typically require no down payment and no monthly private mortgage insurance (PMI). Instead, most borrowers pay a one-time VA funding fee, which this calculator factors into your loan amount or upfront cost.
VA Funding Fee Rates (2026)
The VA funding fee depends on your down payment and whether this is your first time using a VA loan benefit. Veterans with a service-connected disability rating are exempt.
| Down Payment | First Use | Subsequent Use |
|---|---|---|
| Less than 5% | 2.15% | 3.30% |
| 5% to 9.99% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
Rates shown are illustrative. Confirm exact VA funding fee and current VA loan rates with an approved VA lender.
How to Use This Calculator
- Enter the home price and your down payment, if any.
- Set your expected VA loan rate and term.
- Select first-time or subsequent VA loan use.
- Check the disability exemption box if it applies to you.
- Choose whether to roll the funding fee into your loan or pay it upfront.
Frequently Asked Questions
Do VA loans require a down payment?
No. Eligible veterans, active-duty service members and surviving spouses can finance up to 100% of the home price with no down payment required.
Is PMI required on a VA loan?
No. VA loans never require monthly private mortgage insurance, regardless of down payment, which is one of the biggest cost advantages over conventional loans.
Who is exempt from the VA funding fee?
Veterans receiving VA disability compensation, Purple Heart recipients on active duty, and certain surviving spouses are typically exempt from the funding fee.