VA Mortgage Calculator
Estimate the monthly payment for a VA home loan, including the mandatory VA Funding Fee.
Loan & Veteran Status (USD)
VA loans allow 0% down payment.
Exempt status is for veterans with service-connected disabilities.
Total Estimated Monthly Payment
—
$ (P&I Only)
Loan Breakdown
| VA Funding Fee Applied: | — |
|---|---|
| Final Loan Principal: | — |
| Savings vs. Conventional (No PMI): | — |
Benefits of a VA Loan
The **VA Mortgage Calculator** applies to eligible US service members and veterans. The two biggest benefits are $\mathbf{0\%}$ **Down Payment** and the waiver of **Private Mortgage Insurance (PMI)**, which is typically charged on conventional loans with less than $20\%$ down.
The VA Funding Fee
The VA requires a **Funding Fee** paid to the Department of Veterans Affairs. This fee is mandatory (unless exempt) and is usually **rolled into the loan amount**, increasing the final principal.
- **First Use (0% Down):** $\mathbf{2.15\%}$ of the loan amount.
- **Subsequent Use (0% Down):** $\mathbf{3.30\%}$ of the loan amount.
- **Exempt:** $\mathbf{0\%}$ (for veterans with service-connected disabilities).
Loan Calculation Method (FAQ)
The P&I payment is calculated using the standard EMI formula on the **Final Principal Amount** (Base Loan + Funding Fee).