VA Mortgage Calculator
Estimate the monthly payment on a VA home loan, including the VA funding fee rolled into the loan, property tax, and insurance. Built for veterans and service members buying with 0% down and no PMI — see your full monthly housing cost.
How to Use
- Enter the home price and any down payment (0 is typical for VA loans).
- Enter the interest rate and choose a loan term (30 years is standard).
- Select the funding fee that matches your situation — first use, subsequent use, or exempt.
- Add annual property tax and homeowner's insurance.
- Read the total monthly payment, which includes the financed funding fee plus taxes and insurance.
Show Work
Notes
About the VA Mortgage Calculator
The VA Mortgage Calculator is a free tool for personal-finance and money decisions. It runs right in your web browser, so there is nothing to download. Estimate the monthly payment on a VA home loan, including the VA funding fee rolled into the loan, property tax, and insurance. Built for veterans and service members buying with 0% down and no PMI — see your full monthly housing cost.
How it works
Type your numbers into the boxes. The answer shows up right away — you do not have to press a button. If you change a number, the answer changes too. So you can try different numbers and watch what happens, or check an answer you worked out yourself. Just make sure each box has the right kind of number in it.
Want the deeper story? The Knowledge Base explains the ideas behind the tools in more detail.
Frequently Asked Questions
What is the VA funding fee?
It is a one-time fee paid to the VA that keeps the loan program running without monthly mortgage insurance. For a first-use purchase with no down payment it is 2.15%, rising to 3.3% on subsequent use, and falling with a down payment (about 1.65% at 5-10% down and 1.4% at 10% or more). The fee is usually rolled into the loan rather than paid in cash, which is how this calculator treats it.
Who is exempt from the funding fee?
Veterans receiving VA disability compensation, certain Purple Heart recipients, and eligible surviving spouses are generally exempt. Select the 0% funding-fee option to model an exempt purchase. Exemption can save thousands, so confirm your status with the VA or your lender.
Why do VA loans not require PMI?
Conventional loans charge private mortgage insurance when you put down less than 20% to protect the lender. VA loans are partially guaranteed by the Department of Veterans Affairs, so lenders do not require PMI even at 0% down. The one-time funding fee effectively takes the place of ongoing mortgage insurance.
Can I really buy with no money down?
Yes — eligible borrowers can finance up to 100% of a home's value with no down payment, one of the program's biggest advantages. You will still owe closing costs and the funding fee (unless exempt), and the lender will check that the payment fits your income. A down payment is optional and lowers both the loan balance and the funding fee.
How accurate is this estimate?
It is a planning estimate covering principal and interest, the financed funding fee, and monthly tax and insurance escrow. It does not include HOA dues, closing costs, or lender-specific adjustments, and your actual rate depends on credit and market conditions. Use it to compare scenarios, then get a Loan Estimate from a VA-approved lender for exact figures.
How do I use the VA Mortgage Calculator?
Simply type your numbers and read the result, which refreshes the instant you change something. There is nothing to submit and nothing to wait for.
Is it free? Does it work without internet?
Yes to both. It is free with no sign-up, and once the page has loaded it keeps working even with no internet.
Where does my data go?
Nowhere — every calculation runs on your own device. Nothing you enter is uploaded, logged, or stored.
Common Use Cases
Planning a zero-down purchase
See the full monthly payment when buying with no down payment and the funding fee financed in.
Comparing first vs. subsequent use
Switch the funding fee between 2.15% and 3.3% to see the cost difference on a repeat VA loan.
Checking the value of a down payment
Add 5% or 10% down to see how the lower funding fee and smaller balance reduce the payment.
Modeling an exempt purchase
Select the 0% funding fee to see take-home payment savings for disability-exempt veterans.
Comparing VA against FHA or conventional
Run the same home through the FHA and standard mortgage calculators to weigh the options.
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