Free VA Mortgage Calculator
Calculate your VA loan monthly payment including the VA funding fee, with $0 down payment support. Free. No signup required.
- Base Loan Amount$300,000.00 · 98%
- VA Funding Fee$6,450.00 · 2%
Rolling the funding fee into the loan means you're financing $6,450.00 extra — 2.1% of your total loan is fee, not home.
- VA Funding Fee (financed)$6,450.00
- Total Loan Amount$306,450.00
About the Free VA Mortgage Calculator
A VA loan's headline feature — $0 down for eligible veterans and active-duty service members — makes it easy to assume there's no extra cost involved, but most borrowers still pay a VA funding fee that gets rolled into the loan balance. This calculator adds that fee to the base loan so the payment you see reflects what you'll actually owe, not just the home price minus your down payment.
It's for veterans, active-duty members, and eligible surviving spouses comparing a VA loan against conventional financing, especially when deciding whether a $0-down purchase is really the better deal once the funding fee is accounted for.
Your service details and loan numbers don't need to go through a VA lender's portal just to get a rough estimate — this runs entirely in your browser first.
How it’s calculated
The funding fee is a percentage of your base loan amount that varies by your down payment size and whether it's your first time using your VA loan benefit — generally, a larger down payment and first-time use both lower the fee. Like FHA's upfront MIP, it's typically financed into the loan rather than paid in cash, which is why the total loan amount ends up larger than the home price minus your down payment.
Frequently asked questions
Who is exempt from paying the VA funding fee?
Veterans receiving VA disability compensation, and certain surviving spouses of veterans who died in service or from a service-connected disability, are typically exempt. Check your Certificate of Eligibility or with the VA directly to confirm your status before assuming either way.
Does a bigger down payment lower the VA funding fee?
Yes — the fee tiers down as your down payment increases, with the lowest fee tier generally kicking in around 10% down. Enter a few different down payment percentages here to see how much that actually saves on the fee itself.
Is a VA loan better than a conventional loan?
For eligible borrowers it's often cheaper overall, since it allows $0 down with no monthly private mortgage insurance — the funding fee is a one-time cost rather than an ongoing monthly one. Whether it beats a specific conventional offer still depends on the rates and terms both lenders quote you.
Can I pay the VA funding fee in cash instead of financing it?
Yes, it can be paid out of pocket at closing instead of rolled into the loan — doing so keeps your loan balance (and your monthly payment) lower, at the cost of more cash due upfront.
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