Skip to main content

VA Loan Calculator

Calculate VA loan payments with no down payment required for qualified veterans

VA Loan Details

$

Total price of the home

$

VA loans allow 0% down payment

$

Typically 2.15% for first-time use with 0% down (can be waived for disabled veterans)

%

Annual percentage rate

Length of the loan

Quick Scenarios:

🏠

Enter your VA loan details to calculate your monthly payment

About VA Loans

VA loans are home loans guaranteed by the U.S. Department of Veterans Affairs and are available to active-duty service members, veterans, and eligible surviving spouses. They offer several advantages:

  • No down payment required (0% down)
  • No private mortgage insurance (PMI)
  • Competitive interest rates
  • Limited closing costs
  • No prepayment penalties

VA Funding Fee

Most borrowers must pay a one-time VA funding fee, which can be financed into the loan. The fee varies based on:

  • Down payment amount (0%, 5%, 10%+)
  • Whether it's your first or subsequent use of the benefit
  • Type of service (Regular Military, Reserves/National Guard)
  • Veterans with service-connected disabilities are exempt

Frequently Asked Questions

Who is eligible for a VA loan?

Active-duty service members, veterans with qualifying service, National Guard and Reserve members, and certain surviving spouses may be eligible. You must obtain a Certificate of Eligibility (COE) from the VA.

Do I need a down payment for a VA loan?

No, VA loans offer 100% financing with no down payment required. However, you can choose to make a down payment to reduce your funding fee and monthly payment.

What is the VA funding fee?

The VA funding fee is a one-time fee that helps keep the program running for future generations of veterans. For first-time use with 0% down, the fee is typically 2.15% of the loan amount. Veterans with service-connected disabilities are exempt.

Can I use my VA loan benefit more than once?

Yes, your VA loan benefit is reusable. After paying off your VA loan, you can use the benefit again. In some cases, you may have remaining entitlement to use for a second home even before paying off the first.