VA Loan Calculator

A one-time fee paid on most VA-guaranteed home loans, which helps keep the VA loan program running at no cost to taxpayers, since VA loans don't require a down payment or private mortgage insurance (PMI). It's usually rolled into the loan amount rather than paid in cash at closing.

For a first-time use purchase loan: 2.15% with less than 5% down, 1.5% with 5-9.99% down, or 1.25% with 10%+ down. For a subsequent use (you've had a VA loan before): 3.3% with less than 5% down, or the same 1.5%/1.25% tiers at 5%+ down. Rates are set by law and apply the same way to active duty, veterans, and National Guard/Reserve borrowers.

Veterans receiving VA disability compensation, Purple Heart recipients on active duty, and certain surviving spouses are exempt from the funding fee entirely — check your Certificate of Eligibility (COE) to confirm your exemption status.

The VA guaranty itself (backed by the federal government) substitutes for the private mortgage insurance that conventional loans require below 20% down — this is one of the VA loan program's biggest cost advantages over a conventional low-down-payment loan.

Yes — most borrowers finance the funding fee into the total loan amount rather than paying it upfront, which is what this calculator assumes by default when estimating your total loan balance and monthly payment.