Estimate a VA loan payment including the funding fee, with no mortgage insurance to add.
The method behind this calculator
The VA loan’s biggest advantages are no down payment requirement and no mortgage insurance, which typically saves a few hundred dollars a month compared with a conventional loan at the same balance.
In exchange there is a one-time funding fee, which varies with your down payment and whether this is your first VA loan. Veterans receiving disability compensation are exempt from it entirely, which the calculator accounts for.
Try it with these numbers
The calculator opens with a finance the funding fee into the loan? of Yes — roll it into the loan. On those figures the monthly payment is $3,040.82. Underneath, Funding fee rate comes out at 2.15% and Funding fee amount at $8,600 (financed). Change any field and every figure updates as you type.
Step by step
- Enter the home price and any down payment.
- Choose first-time or subsequent use, and whether you are fee exempt.
- Add taxes and insurance for the full monthly figure.