VA Loan Calculator
Calculate your VA mortgage payment with $0 down and no PMI. See your VA funding fee, compare VA vs FHA vs conventional, and understand the financial benefits of your VA loan benefit.
Last updated October 18, 2026
How our math works
- 30-year fixed-rate VA loan at 6.25% interest, fully amortizing
- VA funding fee per the current published fee schedule, financed into the loan
- Rates shown are interest rates used for estimation only — not APRs and not offers. APR reflects fees and other loan costs and may differ from the interest rate shown.
My scenario
Enter income, debts, price, and rate once. Every calculator pre-fills.
Home & Loan
$
%
VA loans allow $0 down — but more down reduces the funding fee
%
Service Details
Income & Debts
$
$
Car payments, student loans, credit cards, etc.
$
$
Household (Residual Income)
Total Monthly VA Payment
$3,041
P&I: $2,516 + Tax: $400 + Ins: $125 • No PMI
$0
Zero down!$8,600
2.15% (financed)$408,600
incl. funding fee49.2%
41% is a guideline, not a capPayment Breakdown
Where your monthly payment goes — notice: no mortgage insurance
$3,041 monthly: Principal & Interest $2,516, Property Tax $400, Insurance $125.
Principal & Interest
$2,516
Property Tax
$400
Insurance
$125
Mortgage Insurance: $0/month
Residual Income Guidance
VA's primary affordability measure — money left over each month after major obligations
$1,809/mo
$1,067/mo
Includes +20% because DTI is above 41%+$742/mo
VA Residual Income Table — Loans $80,000 and Above
| Region | Family of 1 | Family of 2 | Family of 3 | Family of 4 | Family of 5 |
|---|---|---|---|---|---|
| Northeast | $450 | $755 | $909 | $1,025 | $1,062 |
| Midwest | $441 | $738 | $889 | $1,003 | $1,039 |
| South | $441 | $738 | $889 | $1,003 | $1,039 |
| West | $491 | $823 | $990 | $1,117 | $1,158 |
VA vs FHA vs Conventional
See how VA stacks up
$3,041
/month$3,120
/month$3,039
/monthVA saves you $79/month vs FHA • VA costs $2/month more vs Conventional
VA Funding Fee
The one-time cost of your VA benefit
2.15%
$8,600
Yes
The funding fee is a one-time charge that funds the VA loan program. It can be financed into the loan (adding $8,600 to your balance) or paid upfront at closing. Putting more down reduces the fee rate. Since 2020, Reserve and National Guard members pay the same rates as active duty.
Purchase Funding Fee by Down Payment (First Use)
0-4.99% down
2.15%
5-9.99% down
1.50%
10%+ down
1.25%
Key Insights
What these numbers mean for you
VA Advantage
VA loans require no down payment and no monthly mortgage insurance — saving you $174/month vs a conventional loan with PMI.
Insight
The VA funding fee is 2.15% ($8,600), financed into the loan. First-time use rate applies. Putting 5%+ down reduces this fee significantly.
VA Advantage
VA saves you $79/month vs FHA ($952/year) — primarily because VA has no monthly mortgage insurance.
Insight
In this scenario, a conventional loan with 5% down would cost $2/month less than VA, because the financed funding fee outweighs the PMI difference. VA may still win if minimizing upfront cash matters most to you.
Heads Up
Your estimated residual income of $1,809/month is above the guideline. VA guidance for a 3-person household in the South is $1,067/month residual income (20% above the standard table because DTI exceeds 41%).
Heads Up
Your DTI of 49.2% is above VA's 41% guideline, but VA has no hard DTI cap. Loans above 41% DTI are routinely approved when residual income exceeds the regional guideline by 20% or other compensating factors exist.
VA Advantage
Putting just 5% down ($20,000) would reduce your funding fee from 2.15% to 1.5%, saving $2,600.
The Bottom Line
Your VA loan on a $400,000 home costs $3,041/month with zero down payment and no monthly mortgage insurance. The 2.15% funding fee ($8,600) is financed into the loan. Compared to FHA, you save $79/month. Compared to conventional with 5% down, you pay $2/month more. Your estimated residual income is $1,809/month vs a VA guideline of $1,067/month for your region and family size.
Here are the exact formulas behind your numbers. No black boxes — just math.
VA Loan Math
VA Funding Fee Rate
Funding Fee Amount
Total Loan Amount
Monthly P&I
PMI
Total Monthly Payment
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Frequently Asked Questions
No — eligible veterans, service members, and some surviving spouses can finance 100% of the purchase with no monthly mortgage insurance. Instead, VA charges a one-time funding fee, which is typically financed into the loan and waived entirely for borrowers with service-connected disability ratings.
For first use with 0% down, 2.15% of the loan amount; subsequent use is 3.3%. Putting 5%+ down drops the fee to 1.5%, and 10%+ down to 1.25%. Borrowers receiving VA disability compensation are exempt.
VA rates typically run about 0.25-0.5 points below comparable conventional rates because the VA guaranty reduces lender risk. Combined with $0 down and no monthly mortgage insurance, the total monthly cost is usually the lowest of any loan type for eligible borrowers.