See your true VA loan monthly payment — principal, interest, taxes, insurance, HOA, and the VA funding fee — with $0 down and never any PMI.
| # | Payment | Principal | Interest | Balance |
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Enter VA Loan & Home Details
Fill in the home price, down payment, and interest rate, then click Calculate VA Payment to see your full monthly payment breakdown.
A VA mortgage calculator estimates the true monthly cost of a home loan backed by the U.S. Department of Veterans Affairs — the one government-backed loan program that lets eligible veterans, active-duty service members, and certain surviving spouses buy a home with $0 down and without ever paying monthly private mortgage insurance (PMI). NeftCal's VA Mortgage Calculator goes further as a VA funding fee calculator, automatically applying the correct funding fee tier based on your down payment percentage and whether this is your first or a subsequent use of your VA loan entitlement, so the numbers reflect the actual VA loan program rather than a generic mortgage estimate.
Most general mortgage calculators assume a conventional structure — 20% down to avoid PMI, or a monthly PMI charge below that threshold. VA loans work differently: qualifying borrowers can finance up to 100% of the purchase price with no PMI at any down payment level, in exchange for a one-time VA funding fee that can be paid in cash at closing or rolled into the loan balance. This calculator models both paths so you can see exactly how the funding fee affects your loan amount and monthly payment, and it includes an exemption toggle for veterans with a service-connected disability rating, who are not required to pay the fee at all.
Active-duty service members, veterans, National Guard and Reserve members, and eligible surviving spouses evaluating a home purchase with VA loan benefits; anyone comparing a $0-down VA loan against a conventional loan that would require PMI; and borrowers deciding whether to pay the funding fee upfront or finance it into the loan all benefit from seeing the real numbers side by side.
The VA funding fee and the no-PMI advantage are the two features that most distinguish a VA loan from a conventional mortgage, and both have a real, calculable dollar effect on your monthly payment and total interest over the life of the loan. Understanding how the funding fee tier changes with down payment and prior VA loan use — and how much you're saving by never paying PMI — is central to deciding whether a VA loan is the right financing path for your purchase.
Principal & interest use the standard amortization formula; the VA funding fee is layered on by tier, and PMI is never added
From home price to full payment breakdown in under a minute
Input the total purchase price of the home you're financing with a VA loan.
Leave it at 0% to model the signature $0-down VA benefit, or enter any amount — the calculator automatically applies the matching funding fee tier below the field.
Select First-Time Use or Subsequent Use to match your Certificate of Eligibility, and check the Exempt box if your COE documents a service-connected disability rating.
Enter your quoted interest rate and choose a 15 or 30-year term, add property tax, insurance and HOA, then decide whether to roll the funding fee into the loan or pay it in cash at closing.
See your Total Monthly Payment, Total Loan Amount, VA Funding Fee, and Total Interest, plus a payment breakdown, a comparison against an equivalent conventional loan with PMI, charts, and an amortization schedule.
A realistic calculation using this calculator's default $350,000 home price, 0% down, first-time use settings
Suppose you're buying a $350,000 home with a VA loan, $0 down, using your VA entitlement for the first time and not exempt from the funding fee. Your quoted rate is 6.25% on a 30-year (360-month) term, property tax runs 1.1%/yr, home insurance is $1,400/yr, HOA is $0, and you choose to finance the funding fee into the loan.
Explanation: Over the full 30-year term, this loan's principal & interest alone totals $792,483 — $434,958 of that is interest. Because the funding fee was financed, it quietly adds to that interest total too; paying the $7,525 fee in cash at closing instead would lower the loan amount back to $350,000 and the P&I payment to roughly $2,155.01/month.
Comparison to a conventional loan: An equivalent conventional loan at the same $350,000 base amount and rate, with 0% down, would typically require PMI at around 0.5%/yr — about $145.83/month — bringing its total monthly payment to roughly $2,738.34. This VA loan's $2,638.84/month is about $99.50/month lower (roughly $1,194/year), even after financing the funding fee, because VA loans never charge PMI.
Is your total monthly payment a comfortable share of your income?
A widely cited affordability rule of thumb is the front-end housing ratio — your total monthly payment (principal, interest, taxes, insurance, and HOA) divided by your gross monthly income. It's a general guideline, not a rule your lender is required to follow, but it's a useful gut-check, and VA lenders also weigh residual income guidelines that this calculator doesn't model.
| Housing Payment ÷ Gross Monthly Income | General Read | Typical Context |
|---|---|---|
| Under 28% | Comfortable | Within the traditional "28/36 rule" many lenders reference |
| 28% – 41% | Common but tighter | VA guidelines often reference a debt-to-income ceiling nearer 41% |
| Over 41% | Stretched | Higher risk of budget strain; VA residual income checks become critical |
For buyers: if your Total Monthly Payment pushes past 41% of gross income, consider a larger down payment (which lowers your funding fee tier), a longer term, or a lower price range before committing.
The funding fee as a cost signal: the VA Funding Fee result box is your one-time cost of using the VA loan benefit. A higher tier (0% down, subsequent use) means a larger fee — worth comparing against the cash-flow benefit of $0 down before deciding whether to finance or pay it upfront.
Risk considerations: this calculator assumes a fixed rate and steady payment schedule. It doesn't capture county loan limits, entitlement math, IRRRL refinance rules, or funding fee percentage changes made by the VA or Congress after this page's last update — treat every figure as a planning estimate, not a guarantee.
This tool provides general financial estimates for educational purposes only and does not constitute personalized financial, tax, or benefits advice. VA funding fee percentages are set by the Department of Veterans Affairs and Congress and are periodically revised; the disabled-veteran exemption shown here reflects a real VA rule but is only official once confirmed on your Certificate of Eligibility. Confirm final figures with a VA-approved lender before making a borrowing decision.
Where this VA mortgage calculator earns its keep
Model the full monthly cost of buying with no down payment, including the funding fee's effect on your loan amount.
See exactly how much more a subsequent-use, 0%-down purchase costs in funding fee versus a first-time use.
Compare rolling the fee into your loan against paying it upfront to see the true cost of each path.
See the dollar impact of the funding fee exemption once your COE confirms a service-connected disability rating.
Compare your VA loan's total monthly payment directly against an equivalent conventional loan that requires PMI.
Add HOA fees to see the real total monthly cost of buying into a condo or planned community with a VA loan.
Weigh a shorter term's higher payment against its dramatically lower total interest cost.
Re-run the calculation at different quoted rates to see how much a 0.25–0.5% difference changes your payment.
Get a rough starting estimate before speaking with a lender about a VA Interest Rate Reduction Refinance Loan.
See whether paying the funding fee in cash versus financing it changes how much cash you need at closing.
What this VA mortgage calculator does well, and where it can't replace a lender's official numbers
Approximate current tiers — always confirm with your lender or va.gov, since these percentages are set by the VA and Congress and change periodically
| Down Payment | First-Time Use Fee | Subsequent Use Fee | Example Fee on a $350,000 Home (First-Time Use) |
|---|---|---|---|
| Less than 5% (incl. $0 down) | 2.15% | 3.3% | $7,525 |
| 5% – 9.99% | 1.5% | 1.5% | $4,987.50 |
| 10% or more | 1.25% | 1.25% | $3,937.50 |
Example fees are calculated on the loan amount after down payment (home price minus down payment), so the base shrinks as the down payment percentage rises — e.g. $350,000 minus 10% down leaves a $315,000 base before the 1.25% fee is applied.
Common questions about VA loans, the funding fee, and this calculator
Official guidance to complement this calculator — not a substitute for licensed financial or benefits advice
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