VA Loan Payment Calculator
Calculate VA loan payments with 0% down and no PMI. See funding fee, monthly payment, and total cost for eligible veterans and service members.
How This Calculator Works
Calculation methodology and assumptions
VA loans are available to veterans, active duty military, and eligible spouses. They require no down payment and no private mortgage insurance (PMI). A VA funding fee (1.25-3.3% depending on usage and down payment) is typically financed into the loan. This calculator computes payments using standard amortization with the funding fee added to the loan amount.
Frequently Asked Questions
Do VA loans require a down payment?
No, VA loans allow 0% down payment for eligible veterans and service members. This is one of the biggest advantages of VA loans.
What is the VA funding fee?
The VA funding fee is 1.25% for first-time use with 10%+ down, 2.15% first-time use with no down payment, and 3.3% for subsequent use. Disabled veterans are exempt from the funding fee.