VA Mortgage Loan Calculator (2026)
Calculate monthly VA loan payments with 0% down payment, VA funding fee tiers (1.25%–3.3%), $0 monthly PMI, property tax, and homeowners insurance.
United States Calculator
Adjust Your Inputs
Move the sliders or type exact numbers. Results update instantly.
Instant Estimate
Your Results
Total Monthly VA Payment
$2,983
Based on your selected va loan calculator assumptions. Try different sliders to compare scenarios.
Principal & Interest
$2,450
VA Funding Fee (Financed)
$8,600
Total Loan Amount (Base + Fee)
$408,600
Monthly PMI Saved ($0 vs Conventional)
$250
Cash Down Payment
$0
These calculations are financial projections and planning estimates, not tax, legal or licensed financial advice. 2026 IRS thresholds and mortgage lender rates vary by location.
How to Use the VA Loan Calculator
Enter purchase price & down payment
Input your home purchase price. VA loans allow $0 down (100% financing) without private mortgage insurance.
Select military service & funding fee status
Choose your funding fee tier: first-time use (2.15%), subsequent use (3.3%), 5%+ down (1.5%), 10%+ down (1.25%), or 10%+ service-connected disability exempt (0%).
Set interest rate & loan term
Input your fixed mortgage rate (typically competitive with or lower than conventional) and loan duration (15 or 30 years).
Review total payment & monthly PMI savings
See your complete monthly payment with principal, interest, taxes, and insurance, plus how much you save every month with $0 PMI.
Formula & Calculation Methodology
Monthly Payment = Principal & Interest (Base Loan + Financed Funding Fee) + Property Tax + Insurance ($0 PMI)This calculator uses standard United States financial formulas, IRS thresholds, and amortization schedules. All results compute instantly in your browser with zero data stored or transmitted.
Calculation Examples & Scenarios
$400,000 First-Time Buyer (0% Down, 2.15% Funding Fee)
$400,000 purchase price, $0 down, 6.00% 30-year fixed, 2.15% funding fee, $4,800 annual taxes, $1,600 insurance.
$500,000 Disabled Veteran (0% Funding Fee Exemption)
$500,000 price, 0% down, 10%+ service-connected disability rating (0% fee).
$350,000 Subsequent Use with 5% Down (1.5% Fee)
$350,000 price, 5% down ($17,500), 1.5% reduced subsequent funding fee.
Key Benefits
- Accurately models statutory 2026 VA funding fee tiers (1.25% to 3.3%) and 0% disability exemption
- Demonstrates the massive lifetime cash savings of $0 monthly private mortgage insurance (PMI)
- Finances the one-time funding fee into the loan balance to show realistic total monthly housing costs
Common Use Cases
- Active duty military members and veterans purchasing a primary residence with zero money down
- Disabled veterans with 10%+ VA ratings verifying funding fee exemption on their Certificate of Eligibility
- Military families comparing total payments between VA 0% down, FHA 3.5% down, and Conventional 5% down
VA Loan Funding Fee Tiers & Down Payment Thresholds
The Department of Veterans Affairs charges a statutory, one-time VA funding fee on purchase and refinance loans. For first-time borrowers with zero down, the fee is 2.15% of the loan amount. For subsequent uses of the VA loan benefit with 0% down, the fee rises to 3.3%.
Borrowers can significantly lower this fee by putting down cash: a 5% to 9.99% down payment drops the fee to 1.50%, and 10% or more down slashes it to 1.25% for both first-time and repeat buyers. Most borrowers choose to finance this fee directly into their loan balance.
Who Qualifies for 100% VA Funding Fee Exemption?
Veterans receiving VA disability compensation for a service-connected disability rated at 10% or higher are 100% exempt from paying the funding fee. This exemption also extends to active duty service members awarded the Purple Heart and surviving spouses receiving Dependency and Indemnity Compensation (DIC).
Because VA loans require no monthly mortgage insurance (PMI/MIP), an exempt veteran receives 100% financing with zero upfront fees and zero monthly insurance charges—making it the most cost-effective mortgage product in the United States.
Frequently Asked Questions
The VA funding fee is a statutory one-time fee required by law that replaces mortgage insurance. For first-time buyers with 0% down, the fee is 2.15% of the loan amount (or 3.3% for subsequent use). Putting down 5% to 9.99% reduces the fee to 1.5%, and 10%+ down reduces it to 1.25%. Borrowers almost always finance this fee directly into their loan balance.
Veterans receiving VA compensation for a service-connected disability (rated 10% or higher), active duty service members who have been awarded the Purple Heart, and surviving spouses receiving Dependency and Indemnity Compensation (DIC) are 100% exempt from the funding fee.
No. VA loans never charge monthly private mortgage insurance (PMI) or monthly MIP, even with a 0% down payment. This saves military homebuyers an estimated $150 to $350+ every month compared to FHA or low-down-payment conventional loans.
For veterans with full entitlement, there is no maximum loan limit. You can borrow as much as your lender approves with 0% down. If you have remaining or partial entitlement, county loan limits apply to determine your maximum zero-down financing.
A Certificate of Eligibility (COE) is an official document issued by the Department of Veterans Affairs proving to lenders that you satisfy the minimum service requirements to qualify for a VA home loan.
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Related United States Guides
2026 VA Loan Guide: Eligibility, COE, Funding Fee Rates & 0% Down Rules
Comprehensive guide to VA home loans: Certificate of Eligibility (COE) service requirements, 2026 funding fee tiers (1.25% to 3.3%), 0% down payment rules, and $0 monthly PMI.
VA vs Conventional vs FHA Loans: Rates, Fees & Lifetime Savings Compared
Detailed mortgage comparison: see how VA loans with 0% down and no private mortgage insurance compare against FHA (3.5% down + lifetime MIP) and Conventional loans over 30 years.
VA Loan Funding Fee Exemptions: Service-Connected Disability & Purple Heart Rules
Learn who is completely exempt from the 1.25%–3.3% VA funding fee: 10%+ service-connected disability ratings, Purple Heart recipients, surviving spouses, and retroactive refund claims.