VA Loan Calculator
Calculate your VA mortgage payment including the VA Funding Fee. Exclusively for veterans, active-duty military, and eligible surviving spouses.
VA Loan Key Benefits
VA loans allow 0% down payment!
Total Monthly Payment
$0
P&I + Tax + Insurance (No PMI!)
Monthly Payment Breakdown
VA Funding Fee
VA Funding Fee is typically rolled into the loan amount.
Loan Summary
📋 VA Funding Fee Rates (2026)
💡 VA Loan Limits (2026)
Quick Answer
For a $350,000 home with 0% down payment, a 30-year VA loan at 6.5% interest, the estimated total monthly payment is approximately $2,470 including principal, interest, property tax, and home insurance — with no PMI required. Adjust the calculator above with your own numbers for a personalized estimate.
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|
What is a VA Loan?
Whether you search for "va calculator," "va home loan," "va loan calculator," or "va loan rates," this tool covers the full picture - estimating your monthly payment for VA-backed home financing available to eligible veterans and service members.
Also known as a "va calculator" or "veterans loan calculator," this tool is built specifically for military members and veterans, factoring in the VA funding fee and the fact that no PMI is required - a feature standard mortgage calculators miss.
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs, exclusively available to eligible veterans, active-duty service members, National Guard and Reserve members, and surviving spouses. VA loans offer some of the best terms available in the USA, including zero down payment options and no private mortgage insurance requirement, as a benefit for military service.
How to Use the VA Loan Calculator Step by Step
- Enter your home price — the purchase price of the property.
- Enter your down payment — optional, since VA loans allow 0% down.
- Enter your interest rate — VA rates are often lower than conventional rates.
- Select your loan term — 30-year, 20-year, or 15-year options.
- Choose your VA loan usage — first use, subsequent use, or exempt if disabled.
- Review your results — see your total monthly payment, funding fee, and full amortization schedule with no PMI included.
VA Funding Fee Rates 2026
The VA funding fee is a one-time payment that helps sustain the VA loan program for future veterans. The fee percentage depends on your down payment amount and whether it's your first or subsequent use of the VA loan benefit.
| Down Payment | First Use | Subsequent Use |
|---|---|---|
| 0% down | 2.15% | 3.30% |
| 5% – 9% down | 1.50% | 1.50% |
| 10%+ down | 1.25% | 1.25% |
Veterans receiving VA disability compensation are typically exempt from the funding fee entirely.
Key VA Loan Benefits
- Zero Down Payment: Eligible borrowers can finance 100% of the home price with no down payment required.
- No PMI: VA loans never require private mortgage insurance, saving hundreds per month compared to conventional low-down-payment loans.
- Competitive Rates: VA loans often carry lower interest rates than conventional loans due to the government guarantee.
- Limited Closing Costs: The VA caps certain fees lenders can charge, reducing your upfront costs.
- Reusable Benefit: You can use your VA loan entitlement multiple times throughout your life, not just once.
VA Loan Calculator FAQs
Who is eligible for a VA loan?
Eligibility includes veterans who served at least 90 consecutive days during wartime or 181 days during peacetime, active-duty service members with 90+ days of continuous service, National Guard and Reserve members with 6 years of service, and surviving spouses of service members who died in the line of duty.
Do I have to pay the VA funding fee?
Most borrowers pay the funding fee unless exempt. Veterans receiving VA compensation for service-connected disabilities, those eligible for compensation but receiving retirement pay instead, and certain surviving spouses are typically exempt from this fee entirely.
Is there a maximum VA loan amount?
For 2026, VA loan limits are approximately $806,500 in most counties, with higher limits up to $1,209,750 in high-cost areas. Veterans with full entitlement (first-time users with no other outstanding VA loans) may not face any loan limit at all.
Can I use a VA loan more than once?
Yes, VA loan benefits are reusable throughout your lifetime, as long as you restore your entitlement by paying off the previous VA loan or by selling the property. Subsequent use may carry a slightly higher funding fee compared to first-time use.
Tips for VA Loan Borrowers
- Get your Certificate of Eligibility (COE): Obtain this document early through the VA to confirm your entitlement.
- Compare VA-approved lenders: Not all lenders offer the same rates, so shop around even with a government-backed loan.
- Check disability exemption status: If you receive VA disability compensation, you may be exempt from the funding fee entirely.
- Use a VA appraiser: VA loans require a VA-approved appraisal that checks for minimum property requirements.
- Consider financing the funding fee: Most borrowers roll the funding fee into the loan rather than paying it upfront.
VA Loan vs Conventional Loan Comparison
| VA Loan | Conventional Loan | |
|---|---|---|
| Min. Down Payment | 0% | 3% – 20% |
| Mortgage Insurance | None (funding fee instead) | PMI if <20% down |
| Eligibility | Veterans/military only | Open to all qualified buyers |
Disclaimer: This calculator provides estimates only and does not constitute financial or lending advice. Contact a VA-approved lender or visit va.gov for official loan information and current eligibility requirements.