VA Funding Fee Calculator & VA Loan Payment — 0% Down Estimator
A VA loan calculator estimates monthly housing payments for eligible veterans and service members, including principal, interest, the VA funding fee, property tax, and insurance. On a $350,000 home with 0% down at 6.0% for 30 years, monthly PITI is roughly $2,400-$2,550 depending on funding fee and local costs. VA loans require no private mortgage insurance.
VA loans often allow 0% down with full entitlement.
Estimated Monthly Payment
$2,610
- Principal & Interest
- $2,144
- VA Funding Fee
- $7,525
- Total Loan Amount
- $357,525
- LTV
- 100.0%
- Total Interest
- $414,150
VA Loan Amortization Schedule (Annual Summary)
| Year | Payments | Interest | Principal | Ending balance |
|---|---|---|---|---|
| 1 | $25,723 | $21,332 | $4,390 | $353,135 |
| 2 | $25,723 | $21,061 | $4,661 | $348,473 |
| 3 | $25,723 | $20,774 | $4,949 | $343,525 |
| 4 | $25,723 | $20,469 | $5,254 | $338,271 |
| 5 | $25,723 | $20,144 | $5,578 | $332,693 |
| 6 | $25,723 | $19,800 | $5,922 | $326,771 |
| 7 | $25,723 | $19,435 | $6,287 | $320,483 |
| 8 | $25,723 | $19,047 | $6,675 | $313,808 |
| 9 | $25,723 | $18,636 | $7,087 | $306,721 |
| 10 | $25,723 | $18,199 | $7,524 | $299,197 |
Methodology and limitations
Last reviewed:
Methodology
Estimates VA payments with optional down payment, financed funding fee, P&I amortization, tax, and insurance.
Limitations
Requires VA eligibility and lender approval. Funding fee tables and entitlement limits vary.
Official sources
How to Use the VA Funding Fee Calculator & VA Loan Payment — 0% Down Estimator
A VA loan calculator estimates monthly housing payments for eligible veterans and service members, including principal, interest, the VA funding fee, property tax, and insurance. On a $350,000 home with 0% down at 6.0% for 30 years, monthly PITI is roughly $2,400-$2,550 depending on funding fee and local costs. VA loans require no private mortgage insurance.
Method used
Estimates VA loan with optional down payment, funding fee, P&I amortization, tax, and insurance.
Practical example
Example: $350,000 home, 0% down, 2.15% funding fee — see monthly PITI without PMI.
What this includes
- Includes funding fee and exemption toggle.
- Models 0% down scenarios.
What this excludes
- Requires VA eligibility and lender approval.
Frequently Asked Questions
Who qualifies for a VA home loan?
VA loans are available to eligible veterans, active-duty service members, National Guard and Reserve members with qualifying service, and some surviving spouses. You need a Certificate of Eligibility (COE) from the VA. Minimum service requirements vary by era and duty status. Credit and income standards are set by lenders, though VA backing often allows more flexible underwriting than conventional loans.
What is the VA funding fee?
The VA funding fee is a one-time charge that helps sustain the VA loan program. For first-time use with 0% down, it is typically 2.15% of the loan amount; subsequent use may be higher. Veterans with service-connected disabilities may be exempt. The fee can be financed into the loan. This calculator lets you toggle exemption and adjust the funding fee percentage for planning.
How do I calculate the VA funding fee?
Multiply your base loan amount by the funding fee percentage for your use case — for example, 2.15% on a first-time $350,000 loan with 0% down adds $7,525. If you finance the fee, add it to the loan balance before computing principal and interest. Disabled veterans with a VA exemption pay 0%. Enter home price, down payment, and your funding fee rate in this calculator to see the one-time fee, financed loan amount, and full monthly PITI payment.
Can I get a VA loan with no down payment?
Yes. VA loans allow 100% financing up to your available entitlement when the purchase price and loan amount are within county limits and lender guidelines. No PMI is required. You still pay closing costs, the funding fee (unless exempt), property taxes, and insurance. A down payment can reduce the funding fee percentage on subsequent loans.
How do I calculate a VA loan payment?
Add the base loan amount plus any financed funding fee, then apply the standard amortization formula for principal and interest. Add monthly property tax and insurance for total housing cost. Enter home price, down payment (if any), interest rate, term, and funding fee details in this calculator to see the full monthly payment and total interest over the loan life.
Are VA loan rates lower than conventional?
VA loans often price competitively because the VA guarantee reduces lender risk. Actual rates depend on credit score, loan amount, lender, and market conditions. Compare Loan Estimates from multiple VA-approved lenders. This calculator uses your entered rate as a planning assumption — verify current offers before locking.