VA loan calculator with the funding fee built in
Enter a home price and this calculator shows your VA funding fee, total loan amount, and monthly principal and interest. You don't need to give any contact details to see the result.
Monthly principal and interest
$2,319
- Total loan amount
- $357,525
- VA funding fee
- $7,525 (2.15%)
- Property tax and insurance
- Estimated total monthly payment
The funding fee is added to your loan by default, so it isn’t due at closing.
Example only. Not a quote, rate offer, or loan approval. Your rate and payment depend on your credit, the property, and lender approval.
Funding fee percentages from the VA funding fee chart effective April 7, 2023.
Check my VA eligibility in 60 seconds
Four questions. This doesn’t run your credit, and it isn’t an application or an approval.
Question 1 of 4
This check doesn’t run credit and isn’t an approval. A loan officer confirms eligibility against your COE.
Want a loan officer to follow up? Your answers go with your details, so you won’t have to repeat them. This part is optional.
How does the calculator work out my payment?
It subtracts your down payment from the price, adds the funding fee to that loan base, and amortizes the total at your rate and term. Property tax and insurance stay separate from principal and interest, so you can see each one.
A worked example
This example uses a $350,000 home, $0 down, an example rate of 6.75%, a 30-year term, and first use of the VA benefit.
| Step | Amount |
|---|---|
| Loan base ($350,000 − $0) | $350,000 |
| Funding fee (2.15% of $350,000) | $7,525 |
| Total loan amount | $357,525 |
| Monthly principal and interest | $2,319 |
What are the current VA funding fees?
The funding fee depends on your loan type, down payment, and whether you’ve used the benefit before. These are the percentages the calculator uses.
| Loan type | First use | Subsequent use |
|---|---|---|
| Purchase, under 5% down | 2.15% | 3.30% |
| Purchase, 5–9.99% down | 1.50% | 1.50% |
| Purchase, 10% or more down | 1.25% | 1.25% |
| Cash-out refinance | 2.15% | 3.30% |
| IRRRL (streamline refinance) | 0.50% | 0.50% |
| Exempt borrowers (see below) | 0% | 0% |
VA funding fee chart effective April 7, 2023.
Frequently asked questions
Does this VA calculator include the funding fee?
Yes. The funding fee is calculated from your down payment and VA use, then added to the loan amount, because most borrowers finance it. The monthly payment reflects that higher balance.
What happens if I receive VA disability compensation?
Veterans receiving VA compensation for a service-connected disability are exempt from the funding fee. Turn on that option and the calculator sets the fee to $0.
Why does the funding fee change with my down payment?
VA sets the fee by down payment. On a first-use purchase it is 2.15% with less than 5% down, 1.50% with 5% to 9.99% down, and 1.25% with 10% or more down.
Is this payment a quote?
No. It's an example based on the numbers you enter. Your actual rate and payment depend on your credit, the property, and lender approval.
Written by Sahaad Washington, licensed mortgage loan officer, NMLS #1446971. Licensed in North Carolina and South Carolina.
Published · Last reviewed
Sources
- VA: Funding fee and closing costs (chart effective April 7, 2023; page updated October 5, 2026)
Next step: confirm your VA benefit
A loan officer can check your COE and replace this estimate with real numbers.