VA Loan Funding Fee Calculator

VA-backed home loans carry a one-time funding fee unless you're exempt, and this tool estimates what yours will run using the VA's fee table for purchase and construction loans, in effect since April 7, 2023. The amount matters to your planning because borrowers rarely pay it in cash at closing. Instead it gets folded into the loan, which nudges your principal, your monthly payment, and the total interest you pay over the life of the mortgage upward.

To find the fee, the calculator multiplies your loan amount by the rate that fits your situation. That rate depends on whether this is your first VA loan or a later one and how much you put down; the current table makes no distinction between active-duty, Reserve and National Guard borrowers. With less than 5% down, the fee is 2.15% on first use and 3.3% after that; with 5% or more down it is 1.5%, and with 10% or more down 1.25%, on either use. The tool applies whichever tier matches your inputs to the loan amount you enter. These are the purchase and construction rates; a cash-out refinance, an interest rate reduction refinance (IRRRL, 0.5%) and a loan assumption (0.5%) have their own fees, which the tool does not cover.

One detail catches borrowers off guard: certain veterans owe nothing at all. If you receive VA compensation for a service-connected disability, you may be exempt from the funding fee entirely, which can meaningfully lower the cost of the loan. Confirm your disability status before assuming the fee applies; the calculator has no exemption setting, so if you are exempt, your fee is zero.