VA Loan Calculator
VA loans let eligible veterans buy with $0 down and no PMI. See your monthly payment with the VA funding fee rolled in.
How to use this calculator
- Enter home price.
- Enter down payment.
- Enter interest rate.
- Enter loan term.
- Enter vA funding fee.
- Your results appear instantly below and update as you change the numbers.
How this calculator works
Your loan amount is the purchase price minus the down payment, plus the VA funding fee (2.15% for first-time use with no down payment in 2026; it drops with a down payment and is waived for disability-rated veterans). The monthly payment shown is principal and interest — property taxes, insurance, and HOA dues are extra, but there is no PMI, which is the VA loan's biggest advantage. Worked example: a $350,000 home with 0% down at 6% for 30 years rolls the $7,525 funding fee into the loan, so you borrow $357,525 — a principal-and-interest payment of about $2,144 a month. The same loan through FHA would add mortgage insurance premiums on top, making the VA route cheaper for eligible veterans.
Frequently asked questions
Is the VA funding fee waived for anyone?
Yes — veterans receiving VA disability compensation are exempt. Active-duty members with certain awards and surviving spouses may also qualify for an exemption or reduced fee.
Can I use a VA loan more than once?
Yes, and your entitlement can be restored after you sell and pay off the loan. Subsequent-use funding fees are higher (3.3% with 0% down) unless the fee is waived.
Do VA loans have a limit?
Not for most veterans in 2026 — the loan limit was removed, but there is a $0 down cap based on your county's conforming limit. Above that, a down payment is required.
VA loan or FHA — which is cheaper?
For eligible veterans, VA is almost always cheaper: $0 down versus 3.5% for FHA, and no monthly mortgage insurance. FHA charges an upfront premium plus an annual mortgage insurance premium for the life of the loan, while the VA funding fee is a one-time cost that can be rolled into the loan — and is waived entirely for disability-rated veterans.
Can the funding fee be rolled into the loan?
Yes — and the calculator assumes it is, which is the most common choice because it avoids paying the fee out of pocket at closing. The trade-off is that you pay interest on the fee amount for the life of the loan; over 30 years at 6%, the $7,525 fee in the example above costs roughly $8,700 extra in interest.
Disclaimer: Results are estimates for general information only and do not constitute financial, tax, or legal advice. Figures reflect 2026 rules and may change. Always confirm current limits and consult a qualified professional before making decisions. Official figures: IRS.gov · 2026 limits per IRS tax inflation adjustments.