VA Mortgage Calculator
VA Loan Details
VA Loan Results
| Base Loan Amount | — |
|---|---|
| VA Funding Fee | — |
| Total Loan Amount (VA) | — |
| Monthly Principal & Interest | — |
| Total Monthly Payment | — |
| Total of 360 Mortgage Payments | — |
| Total Interest | — |
Visual Breakdown
Enter values and press Calculate to see the loan breakdown pie chart and balance path line chart.
How VA Mortgage Loans Work
A **VA loan** is a mortgage loan program established by the United States Department of Veterans Affairs. It is available to active-duty service members, veterans, and eligible surviving spouses.
The VA Funding Fee
VA loans do not require private mortgage insurance (PMI), even with a 0% down payment. Instead, they require a one-time upfront **VA Funding Fee**, which is calculated as a percentage of the loan amount. The fee percentage is based on whether it is your first time using the program and the size of your down payment:
- **First-Time Use (0% down):** **2.15%** of the loan amount.
- **Subsequent Use (0% down):** **3.30%** of the loan amount.
- **Down Payment 5% to 10%:** **1.50%** of the loan amount.
- **Down Payment 10% or more:** **1.25%** of the loan amount.
Disclaimer. This calculator is for informational purposes only. Certain veterans (e.g. those with service-connected disabilities) may be exempt from the VA Funding Fee. Confirm your eligibility and funding fee category with your lender.