Monthly VA home loan payment with the funding fee, taxes and insurance, and no PMI
Estimates only, not financial advice. What you type stays on your device. Checked against sources on 30 Oct 2026.A VA loan has no PMI; its extra cost is VA's funding fee: 2.15% on a first-use purchase under 5% down, 3.3% on later use, 1.5% at 5% down, 1.25% at 10%. A $400,000 home at zero down borrows $408,600, the $8,600 fee included: $2,515.82 a month at 6.25% over 30 years, before tax and insurance.
| Down payment | First use | After first use | Fee on $400,000, first use |
|---|---|---|---|
| Less than 5% | 2.15% | 3.3% | $8,600 |
| 5% or more | 1.5% | 1.5% | $5,700 |
| 10% or more | 1.25% | 1.25% | $4,500 |
Rates and rules read from VA, VA funding fee and loan closing costs on 30 Oct 2026; they may have changed since.
Enter the "Home price", the "Down payment" percentage and the "Interest rate".
Under "VA loan use" choose "First use" or "Used before", and pick the Term in years.
Enter "Property tax a year" and "Homeowners insurance a year", and turn on "Exempt from the funding fee" if it applies.
Read "Total each month" with "Principal and interest" and the funding fee, then press "Share result".
A VA home loan is a mortgage from a private lender with part of it guaranteed by the Department of Veterans Affairs. The guarantee means an eligible Veteran, service member or surviving spouse can buy with no down payment and pays no monthly mortgage insurance. What VA charges instead is a one-time funding fee, and this calculator works it out along with the full monthly payment.
The funding fee. For a purchase or construction loan the fee depends on the down payment and on whether this is your first VA loan. With less than 5% down it is 2.15% of the loan the first time and 3.3% after that. With 5% or more down it is 1.5%, and with 10% or more it is 1.25%, whatever the use. These are the rates on va.gov, in force since 7 April 2023. Most buyers add the fee to the loan, which is the default here.
Who pays no fee. Veterans receiving VA compensation for a service-connected disability, those eligible for it but receiving retirement or active-duty pay instead, surviving spouses receiving Dependency and Indemnity Compensation, service members with a pre-discharge rating showing eligibility, and active-duty members who have received the Purple Heart. Your Certificate of Eligibility shows whether you are exempt.
The monthly payment. Principal and interest on the loan including any financed fee, plus property tax and homeowners insurance from your own figures. There is no PMI line because VA loans do not carry it.
What it does not do. It does not check your entitlement, set a loan limit, or include closing costs, HOA dues or lender credits. The table under the calculator lists VA's fees for refinances, assumptions and other loan types, but the calculator itself handles purchases only. The rate, tax and insurance defaults are examples to replace with your own.
On the example $400,000 home at zero down on first use, the 2.15% funding fee ($8,600) is added to the loan, so $408,600 is borrowed. At 6.25% over 30 years the payment is $2,515.82 a month, and $497,095.37 of what is repaid is interest. Property tax and insurance come on top; there is no monthly PMI.
For a purchase loan with less than 5% down, VA charges 2.15% of the loan on first use and 3.3% on later use. With 5% or more down the fee is 1.5%, and with 10% or more it is 1.25%, for first and later use alike. On a $400,000 loan with nothing down, first use costs $8,600.
Veterans receiving VA disability compensation, or eligible for it while receiving retirement or active-duty pay, pay no fee. Neither do surviving spouses receiving DIC, service members with a pre-discharge rating showing eligibility, or active-duty Purple Heart recipients. Your Certificate of Eligibility states whether the fee applies.
No. VA loans carry no monthly mortgage insurance at any down payment, which is the main reason their monthly cost is usually lower than an FHA or low-down conventional loan. The one-time funding fee replaces it, and many borrowers add that fee to the loan balance.
Yes. On a purchase or construction loan, va.gov says the funding fee is the only closing cost that can be financed into the loan amount. Financing it raises the monthly payment slightly and adds interest over the term; paying it in cash keeps the loan smaller. Switch between the two to compare.
Subsequent use means you have had a VA-backed purchase loan before, even if it was paid off. The higher 3.3% rate applies only when you put less than 5% down; with 5% or more down, first and later use pay the same fee.
HOA dues, closing costs other than the funding fee, and lender credits are not included, and the calculator does not check entitlement or loan limits. Enter your own rate, property tax and homeowners insurance, since the defaults are examples only.
Rates and rules change; check the source before you rely on a figure.
Still stuck? Ask about VA Loan Calculator and anybody who knows can answer. No account needed.
Same job, other tools: PMI Calculator – Monthly PMI on a conventional loan and the month it ends under the 78% and 80% rules · FHA MIP Calculator – Upfront and annual FHA mortgage insurance, and whether it lasts 11 years or the whole loan · California LLC Cost Calculator – California LLC: $70 to file, the $800 annual tax from year one and the $20 statement · Lease vs Buy Car Calculator – Compare leasing a car with financing the same car over the lease term · Down Payment Calculator – How the size of your down payment changes the loan, the monthly payment and PMI · Credit Card Minimum Payment Calculator – How long paying only the minimum takes and what it costs, against the 36-month payment.
More for US: all 41 US calculators.