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Finance Calculators
VA Loan Calculator
Calculate your monthly VA loan payment, including the VA funding fee, with no down payment and no monthly PMI.
Total loan amount (incl. funding fee)
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Funding fee amount
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Monthly payment (P&I)
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About the VA Loan Calculator
VA loans, guaranteed by the Department of Veterans Affairs, let eligible veterans and service members buy a home with no down payment and no monthly mortgage insurance — instead, most borrowers pay a one-time funding fee.
Formula: Loan Amount = (Home Price − Down Payment) + Funding Fee, where Funding Fee = Base Loan × Funding Fee Rate, then standard principal and interest payment applies.
The funding fee rate varies based on down payment size, whether it's a first or subsequent use of the VA loan benefit, and loan type — some veterans, such as those receiving disability compensation, are exempt from the fee entirely.
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