VA Loan Calculator
Estimate your monthly payment on a VA purchase loan. VA loans don’t require PMI, and the calculator adds the VA funding fee to the loan based on whether it’s your first VA loan and your down payment.
$0 · VA loans can have no down payment
Veterans receiving VA disability compensation are usually exempt
Estimated monthly payment
$2,999/mo
No PMI on VA loans
- Principal & interest$2,516
- Property taxes$333
- Homeowners insurance$150
- Base loan
- $400,000
- VA funding fee
- $8,600 (2.15%)
- Total loan
- $408,600
- Down payment
- $0 (0%)
Loan and costs
Example rate, not a quote
Percent of the home price
Disclaimer: These calculators are for educational and comparison purposes only. The interest rates and other values shown are hypothetical examples, not current rates, an advertisement of available terms, an offer of credit, a pre-qualification or pre-approval, or a commitment to lend. Payments shown are estimates of principal and interest plus any taxes, insurance, HOA dues and mortgage insurance you enter; they don’t include every cost of a loan, and the annual percentage rate (APR), which reflects the cost of credit including certain fees, may be higher than the interest rate. Your actual rate, APR, payment and terms depend on your credit, income, assets, loan amount, down payment, property type, occupancy, location and other factors, and are subject to underwriting approval. Rates, fees, taxes, insurance and other costs change without notice. VA funding fees are estimated from the U.S. Department of Veterans Affairs’ published schedule and depend on your eligibility; Federal First Lending LLC is not affiliated with or acting on behalf of the VA or any government agency. Rent vs. buy, DSCR and fix & flip results are not a guarantee of rent, property value, profit or return, and are not tax, legal or investment advice. DSCR and fix & flip loans are business-purpose loans for investment properties. Federal First Lending LLC, NMLS #2381991. Equal Housing Opportunity.
Common questions
What is the VA funding fee?
A one-time fee paid to the U.S. Department of Veterans Affairs that helps fund the program. It’s usually added to the loan amount, and the percentage depends on the type of loan, your down payment and whether you’ve used a VA loan before.
Who is exempt from the funding fee?
Veterans receiving VA compensation for a service-connected disability, and certain others, are generally exempt. Your Certificate of Eligibility shows your status.
Do VA loans require a down payment?
Many VA loans require no down payment. Putting 5% or 10% down lowers the funding fee percentage.