Home › Calculators › VA Loan
VA Loan Calculator
See how the VA funding fee changes with your down payment and whether it's your first use, and what your monthly payment looks like with no mortgage insurance.
| Down payment | First use | After first use |
|---|---|---|
| Less than 5% | 2.15% | 3.3% |
| 5% to less than 10% | 1.5% | 1.5% |
| 10% or more | 1.25% | 1.25% |
VA funding fee for purchase loans, in effect since April 7, 2023. Confirm the current table at VA.gov.
Estimated monthly payment
$0
| Down payment | |
| Funding fee rate | |
| Funding fee | |
| Funding fee paid in cash | |
| Total loan amount | |
| Principal & interest | |
| Mortgage insurance | $0 (VA has none) |
Estimates only. VA loans are made by private lenders and guaranteed by the VA; eligibility, entitlement, appraisal and lender requirements apply. Seasonal or cottage properties, septic, wells and condos can affect VA approval. See the VA loans guide. Not a loan offer.
Email me this estimate
Get a copy of these numbers, and Sherman will follow up with real figures for the homes you're looking at. No obligation.
Using your VA benefit on the Cape?
Sherman is a 20-year Coast Guard veteran. Call or text 508-534-3425.