Estimate a VA home loan payment including the funding fee.
A $400,000 home with no down payment and the 2.15% funding fee financed, at 6.5% for 30 years, comes to a total monthly payment of $3,015.96 including tax and insurance.
VA loans are US mortgages for eligible veterans and service members. They usually need no down payment and no monthly mortgage insurance, but charge a one-time funding fee that is normally added to the loan. Enter the price, down payment, rate and fee to see the payment.
Funding fees depend on your service history, down payment and whether it is your first VA loan, and some veterans are exempt — verify the current fee table with the VA. The figures here are estimates; confirm with a VA-approved lender. Compare with an FHA loan.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Price | $400,000.00 |
| Down payment | $0.00 |
| Loan amount | $408,600.00 |
| VA funding fee | $8,600.00 |
| Monthly payment (principal + interest) | $2,582.63 |
| Property tax (monthly) | $333.33 |
| Insurance (monthly) | $100.00 |
| Maintenance / HOA (monthly) | $0.00 |
| Total monthly payment | $3,015.96 |
| Total interest | $521,146.78 |
| Total of all payments | $929,746.78 |
| Time to pay off | 30 years |
| Term | 5.5% p.a. | 6.5% p.a. | 7.5% p.a. |
|---|---|---|---|
| 15 years | $3,771.94 | $3,992.68 | $4,221.11 |
| 20 years | $3,244.04 | $3,479.75 | $3,724.99 |
| 30 years | $2,753.32 | $3,015.96 | $3,290.32 |
A one-time fee paid on a VA loan that helps fund the program. It varies with down payment and prior use and can be financed into the loan.
Usually not for eligible borrowers, though the lender's own requirements apply.
No monthly mortgage insurance, which is a major advantage over FHA and conventional loans with a small down payment.
Some veterans with service-connected disabilities and certain surviving spouses are exempt. Check with the VA.
The calculator lets you edit the fee. Always verify the current table on the official VA website.
Yes, subject to entitlement. A repeat-use funding fee is usually higher if you put down less than 5%.
It uses the standard formula: loan = (price − down payment) × (1 + funding fee %) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
