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VA Loan Calculator with Funding Fee

Calculate your VA loan monthly payment including the one-time funding fee — with no down payment and no monthly mortgage insurance.

Updated June 2026 · Editorial standards

Your details

$
$
%
%
$
Total monthly
$2,705.63
Principal & interest
$2,259.80
VA funding fee
$7,525
Loan amount
$357,525

Your VA payment is $2,705.63/month with $0 monthly mortgage insurance. A comparable FHA loan would add about $160.42/month in MIP — saving you roughly $57,750 over 30 years.The one-time 2.15% funding fee of $7,525 is financed into your loan balance.

Cumulative principal & interest paid

Total cost breakdown

By the KalkWise Editorial Team Reviewed for accuracy Updated June 2026

What is the va loan calculator?

In short

A VA loan requires $0 down payment and charges no monthly mortgage insurance. Instead it has a one-time funding fee — 2.15% for first-time use with under 5% down — financed into the loan. On a $350,000 home with $0 down at 6.5%, the monthly payment is about $2,260 before taxes and insurance.

This calculator computes your full VA loan monthly payment including principal, interest, the one-time VA funding fee (financed into the loan), property taxes, and homeowner's insurance. It also shows how much you save by avoiding the monthly mortgage insurance an FHA or conventional loan would charge.

How to use this calculator

  1. 1Enter the home purchase price.
  2. 2Enter your down payment — VA allows $0, but any amount lowers your funding fee.
  3. 3Select your VA funding fee tier (first use, subsequent use, or exempt if you're a disabled veteran).
  4. 4Enter the interest rate from your lender quote and choose the loan term.
  5. 5Optionally add property tax rate and annual insurance to see the full monthly payment.

The formula

financed=loan+(loan×funding fee %)
total payment=PI+tax+insurance
The loan amount (home price minus down payment) plus the VA funding fee is amortized at your interest rate over the loan term. Unlike FHA or conventional loans, there is no monthly mortgage insurance, so the total monthly payment is just principal, interest, property tax, and homeowner's insurance.
Funding fee
— One-time VA fee (0–3.3% of loan), usually financed into the balance
P&I
— Principal and interest on the financed loan amount
PITI
— Principal, Interest, Taxes, and Insurance — your total monthly housing payment (no mortgage insurance on VA loans)

Worked example

The scenario

A first-time VA borrower buys a $350,000 home with $0 down at 6.5% over 30 years, with a 2.15% funding fee.

gives

The result

The loan is $350,000 + $7,525 funding fee = $357,525 financed. Monthly principal and interest is about $2,260. With no monthly mortgage insurance, a comparable FHA loan would add roughly $160/month in MIP — saving the veteran about $57,750 over 30 years.

Common use cases

  • Active-duty service members and veterans buying with no down payment
  • Comparing the true cost of a VA loan vs. an FHA or conventional loan
  • Estimating the one-time funding fee for first-time vs. repeat VA loan use
  • Disabled veterans confirming their funding-fee exemption savings

Limitations & assumptions

  • Funding fee rates shown are 2024 standard rates; the VA updates them periodically
  • Assumes the funding fee is financed into the loan — it can also be paid in cash at closing
  • Does not verify VA eligibility or Certificate of Eligibility (COE) requirements
  • VA loan limits no longer apply to borrowers with full entitlement, but may apply if you have an existing VA loan

Frequently asked questions

For first-time VA loan use, the funding fee is 2.15% of the loan amount with less than 5% down, 1.5% with 5–10% down, and 1.25% with 10%+ down. For subsequent use, it's 3.3% with under 5% down. On a $350,000 loan at 2.15%, the fee is $7,525, typically financed into the loan. Veterans receiving disability compensation are exempt.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.