VA loan calculator

Payment, funding fee, and what you save by not paying mortgage insurance.

Read this before the numbers

The interest rate on this page is a number you choose so you can model a payment. It is not a rate being quoted to you, not an advertisement of terms, and not an offer or a commitment to lend.

Your actual interest rate and APR depend on your credit, loan program, occupancy, property type, loan amount, down payment, and the market at the time you lock. Rates, terms and program availability change and are subject to credit approval. The real figures arrive on a Loan Estimate after you apply — that is the document to compare, not a calculator.

Erik Miller, Mortgage Expert · NMLS #263103 · Patriot Home Mortgage · Company NMLS #715386 · Licensed in Arizona · Equal Housing Lender

Estimated monthly payment

—/mo

Principal & interest—

Taxes & insurance—

Down payment—

Funding fee rate—

Funding fee (financed)—

Total loan amount—

Saved vs. conventional PMI—

VA loans charge no monthly mortgage insurance. On a low-down-payment purchase that alone is often worth more than the rate difference — and it is why a VA loan usually beats FHA or conventional for anyone eligible.

Estimates for planning only. Not a commitment to lend.

Common questions

Questions we get asked

Do I have to pay the funding fee in cash?

No. It is almost always financed into the loan, which is why the total loan amount above is higher than the purchase price. Veterans receiving service-connected disability compensation are generally exempt from it entirely.

Can I really buy with nothing down?

Yes, for a primary residence within your entitlement. It is the single strongest feature of the program. You will still need funds for closing costs, though those can often be covered by a seller credit or a lender credit.

I used a VA loan before. Is my benefit gone?

Usually not. Entitlement can be restored after a sale and payoff, and in some cases you can hold two VA loans at once. Send us your Certificate of Eligibility — or let us pull it — and we will tell you exactly what you have left.

Other calculators

How much house can I afford?Refinance break-even calculator Rent vs. buy calculator Seller net proceeds calculator Payment calculator

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