VA Loan Calculator
Calculate your VA mortgage payment with funding fee and compare PMI savings
VA Loan Summary
No PMI Savings vs Conventional
About VA Loans
VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs, available to active-duty service members, veterans, and eligible surviving spouses.
Key Benefits
- No down payment required (0% down)
- No private mortgage insurance (PMI) required
- Lower interest rates than conventional loans
- Limited closing costs (seller can pay all)
- No prepayment penalty
- Assumable by qualified buyers
VA Funding Fee
The VA funding fee is a one-time payment that helps fund the VA loan program. It can be rolled into the loan amount.
| Down Payment | First Use | Subsequent |
|---|---|---|
| 0% | 2.15% | 3.30% |
| 5% – 9.99% | 1.50% | 1.50% |
| 10%+ | 1.25% | 1.25% |
Reserves/National Guard rates are slightly higher. Surviving spouses and veterans with service-connected disabilities are exempt from the funding fee.
VA Loan Eligibility
- Served 90+ consecutive days during wartime
- Served 181+ consecutive days during peacetime
- Served 6+ years in the Reserves or National Guard
- Surviving spouse of a service member who died in the line of duty
VA Entitlement
The basic entitlement is $36,000, and the bonus entitlement is 25% of the FHFA conforming loan limit minus the basic entitlement. This determines the maximum loan amount with $0 down. In 2024, most areas allow VA loans up to $766,550 with no down payment.
About this Calculator
The VA Loan Calculator is a free, easy-to-use tool for veteran, mortgage, zero down. Simply enter your values and get instant, accurate results — no signup, no ads, no tracking. All calculations run locally in your browser, so your data stays completely private.
Privacy Note: All calculations are performed locally in your browser. No data is ever sent to a server or third party.