VA loan calculator

Every other VA loan calculator on the internet is a lead form wearing a math costume — fill it in and your phone rings for a week. This one just does the arithmetic, using the funding-fee rates published on VA.gov, and tells you nothing you can't verify. Rates are your input, because anyone quoting you today's rate on a static page is guessing.

Your numbers

Home price

Down payment (%)

VA allows 0% down. More down = lower funding fee.

Interest rate (%)

Rates change daily — enter a quote from your lender.

Loan term

Loan purpose

VA loan history

Exempt from the funding feeYou receive VA compensation for a service-connected disability, are eligible but taking retirement/active-duty pay instead, are a DIC-receiving surviving spouse, have a proposed or memorandum rating before closing, or are an active-duty Purple Heart recipient.

Roll the funding fee into the loanOn purchase and construction loans, the funding fee is the only closing cost VA lets you finance.

Other monthly costs

Property tax (per year)

Homeowners insurance (per year)

HOA (per month)

Estimated monthly payment

$2,684.80

Principal & interest$2,259.80

Property tax$300.00

Homeowners insurance$125.00

Mortgage insurance (PMI)$0.00 — VA loans never have it

The funding fee

Fee rate2.15%

Fee amount$7,525.00

Financed into the loan$7,525.00

Loan summary

Down payment$0

Base loan amount$350,000

Total loan amount$357,525

Total interest over 30 years$456,003

The funding fee table

Effective April 7, 2023, per VA.gov. Percentages are of the loan amount.

Loan type	Down payment	First use	After first use
Purchase / construction	Less than 5%	2.15%	3.3%
Purchase / construction	5% to 9.99%	1.5%	1.5%
Purchase / construction	10% or more	1.25%	1.25%
Cash-out refinance	N/A	2.15%	3.3%
IRRRL (streamline)	N/A	0.5%	0.5%
Loan assumption	N/A	0.5%	0.5%

Who pays nothing

If any of these describe you, the funding fee is $0 — on a $350,000 zero-down first-use loan, that's about $7,500 you don't owe. Lenders do occasionally put the fee on a closing disclosure for an exempt borrower. That's an error you can get fixed, and it's worth checking the line item yourself.

You receive VA compensation for a service-connected disability.
You're eligible to receive VA compensation for a service-connected disability, but you receive retirement or active-duty pay instead.
You're a surviving spouse receiving Dependency and Indemnity Compensation (DIC).
You have a proposed or memorandum rating before the loan closing date showing eligibility for compensation.
You're an active-duty service member with evidence of a received Purple Heart, provided before or on the loan closing date.

“What's my VA loan limit?”

With full entitlement, you don't have one. VA's language: you have no loan limit as long as you can afford the loan and the appraisal supports the price. County limits only enter the picture when your entitlement is reduced — you already have a VA loan outstanding, or a past default hasn't been restored. Those limits follow FHFA's conforming loan limits, which for 2026 start at $832,750 for a one-unit property and run to $1,249,125 in high-cost areas (FHFA, 2025-11-25). What the lender will actually approve is a separate question from what VA allows — income, credit, and the appraisal still decide.

Quick answers

How much is the VA funding fee in 2026?

For a purchase or construction loan with no down payment, it's 2.15% of the loan amount the first time you use your VA benefit and 3.3% on subsequent uses. Put 5% down and both drop to 1.5%; put 10% down and both drop to 1.25%. Cash-out refinances are 2.15% first use and 3.3% after. An IRRRL (streamline refi) is a flat 0.5%. These rates have been in effect since April 7, 2023, per VA.

Who is exempt from the VA funding fee?

VA lists five categories: you receive VA compensation for a service-connected disability; you're eligible for that compensation but take retirement or active-duty pay instead; you're a surviving spouse receiving DIC; you have a proposed or memorandum rating before closing showing eligibility; or you're an active-duty Purple Heart recipient with evidence provided by closing. Note VA's wording is "receive compensation" — not a specific rating percentage.

Can you roll the VA funding fee into the loan?

On a purchase or construction loan, yes — and VA is explicit that the funding fee is the only closing cost you can finance. Everything else is due at closing. Rolling it in means you pay interest on it for the life of the loan, which is a real cost, not a free lunch.

Is there a VA loan limit?

Not if you have full entitlement. VA says you have no loan limit as long as you can afford the payment and the appraisal supports the price — VA guarantees up to 25% of loans above $144,000. County loan limits only matter if your entitlement is reduced (you have another active VA loan, or a prior default that hasn't been restored). Those limits track FHFA's conforming loan limits, which for 2026 start at $832,750 for a one-unit property.

Do VA loans require PMI?

No. VA states plainly that VA loans need no private mortgage insurance or mortgage insurance premiums, even at zero down. That's the whole reason the funding fee exists — it's the one-time cost that keeps the program running without monthly mortgage insurance or a down payment requirement.

Estimates only — your lender's Loan Estimate is the authoritative number. Funding-fee rates and exemptions from VA.gov, verified 2026-08-18. No lender pays for placement on this page, and no advertiser influences anything you just read.

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