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VA Mortgage Calculator

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🇺🇸 US-specific: VA loans are a US Department of Veterans Affairs benefit — this tool doesn't apply outside the US mortgage system.

Base loan amount $0.00
Funding fee () $0.00
Total loan (fee financed in) $0.00
Monthly payment (P&I) $0.00

VA loans have no mortgage insurance and no minimum down payment — the funding fee (unless exempt) replaces MIP/PMI as the government's cost recovery mechanism.

Free VA mortgage calculator with the actual 2026 VA funding fee schedule — first-time vs. subsequent use, tiered by down payment percentage, plus a disability exemption toggle.

This tool is for informational purposes only and is not a substitute for professional financial or medical advice. Consult a qualified professional before making decisions. See our Disclaimer.

How it works

  1. Enter the home price and down payment (VA loans allow 0% down)
  2. Choose first-time or subsequent use — the funding fee rate depends on both this and your down payment
  3. Check the exemption box if you qualify (service-connected disability, Purple Heart, or qualifying surviving spouse) to see the fee removed entirely

Frequently asked questions

What is the VA funding fee?

A one-time fee that replaces mortgage insurance on VA loans, since VA loans require no PMI/MIP regardless of down payment. For 2026: first-time use is 2.15% (under 5% down), dropping to 1.5% (5-9.9% down) or 1.25% (10%+ down). Subsequent use is higher at under 5% down (3.3%) but the same at 5%+ down.

Who's exempt from the funding fee?

Veterans with a service-connected disability rating, Purple Heart recipients on active duty, and certain qualifying surviving spouses don't pay the funding fee at all.

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From the blog

No down payment, no PMI — but the VA funding fee still depends on a tier you might not know you're in
finance-calc

No down payment, no PMI — but the VA funding fee still depends on a tier you might not know you're in

Putting 0% down as a first-time VA loan user costs 2.15% upfront. Do it a second time and that same 0% down jumps to 3.3%.

2026-09-01

Update history

  • 2026-09-03 Bounded numeric fields are now sliders instead of number inputs.
  • 2026-09-01 Added: a cover image (a small house with a five-pointed star badge overlapping its roof, a percentage sign beside the star) — used as the card thumbnail, social share image, and blog title image.
  • 2026-09-01 Launched: VA mortgage calculator (no button) — 2026 funding fee schedule by usage and down payment tier, with a disability exemption toggle, financed into the loan. Entirely client-side.