For Veterans & Service Members · Free
MortgageDaily CalculatorVA Mortgage Calculator
Calculate your VA loan payment with $0 down and no PMI. See exactly what you'll pay — and how much your VA benefit saves vs. conventional financing.
$0 down payment
No PMI ever
Lower rates vs conventional
Funding fee waived for disabled vets
VA Mortgage Calculator
VA Mortgage Calculator
ZIP: —
Estimated monthly payment
$0.00
—
Amortization Schedule (P&I)—
| Month | Payment | Principal | Interest | Balance |
|---|
Estimates only. VA funding fee may be waived for eligible borrowers.
How to Use
Using the VA Calculator
🏠
Zero Down
100% financing
🚫
No PMI
Save $100–300/mo
📉
Lower Rates
VA guarantee = better pricing
♻️
Reusable
Use benefit multiple times
1
Home price & down payment — click "Set 0%" for no money down, or add down payment to reduce the funding fee.
2
Funding fee preset — select first use, subsequent use, or exempt (disability-rated veterans). Rate auto-applies.
3
Roll fee or pay cash — most veterans roll the funding fee into the loan to preserve cash at closing.
4
Add taxes & insurance — no PMI needed, but budget for property tax and homeowner's insurance.
5
View your payment — see full amortization schedule and download CSV.
VA Funding Fee Reference
| Usage | Down Payment | Fee |
|---|---|---|
| First use | <5% | 2.30% |
| First use | 5%–9.99% | 1.65% |
| First use | ≥10% | 1.40% |
| Subsequent | <5% | 3.30% |
| Subsequent | ≥5% | 1.65% |
| Exempt (disability) | Any | 0% |
VA Loan Advantages
Why VA Beats Conventional for Eligible Borrowers
💰
No Down Payment
VA loans allow 100% financing. On a $400K home that's $40K–$80K in cash you keep — a massive advantage for most buyers.
🚫
No Monthly PMI — Ever
VA loans never require private mortgage insurance. That's $100–$300/month in savings vs. conventional with <20% down.
📈
Competitive Interest Rates
VA guarantee means lenders take less risk. VA rates are typically 0.25%–0.50% below conventional — saving tens of thousands over the loan.
1️⃣
One-Time Funding Fee (Not PMI)
Instead of ongoing PMI, VA charges a one-time fee (1.25%–3.3%) that can be rolled in. Exempt for disability-rated veterans.
♾️
No Prepayment Penalty
Make extra payments, pay off early, or refinance anytime without fees. Maximizes flexibility over the life of your loan.
FAQ
VA Loan Calculator FAQ
Who qualifies for a VA loan?
Active-duty military, veterans with qualifying service (90 days active during wartime or 181 days peacetime), National Guard and Reserve members with 6+ years of service, and surviving spouses of veterans who died in service or from a service-connected disability.
Is there a VA loan limit?
For borrowers with full entitlement, there's no VA loan limit — the VA doesn't cap how much you can borrow. Lenders still evaluate your income, credit, and DTI. If you have reduced entitlement from a prior VA loan, county-level limits may apply.
What is the VA funding fee and can I avoid it?
The funding fee ranges from 1.25%–3.3% of the loan amount based on usage and down payment. Veterans receiving VA disability compensation are completely exempt. You can also reduce the fee by putting 5%+ or 10%+ down. The calculator has a preset selector for all scenarios.
Can I use a VA loan more than once?
Yes. VA loan entitlement can be reused after paying off a prior VA loan (and selling the home or requesting entitlement restoration). In some cases you can have two VA loans at once if you have sufficient remaining entitlement.
Where can I find official VA loan information?
VA home loans are backed by the
U.S. Department of Veterans Affairs (VA) —
the official source for eligibility requirements, funding fee tables, and Certificate of Eligibility (COE).
For consumer guidance on comparing VA vs. conventional loans, visit the
Consumer Financial Protection Bureau (CFPB).
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