VA Loan Calculator 2026 — No Down Payment & Funding Fee
Calculate VA loan payments with funding fee for eligible veterans and service members. No down payment, no PMI required. Free, instant results at the rate you enter.
By Konstantin Iakovlev · Updated September 2026 · Source: U.S. Department of Veterans Affairs — VA funding fee and loan closing costs
Monthly Payment (VA)
$2,589.38
VA Funding Fee
$7,525.00
No PMI Savings
$145.83/mo
VA Loan Details
| Home Price | $350,000.00 |
| Down Payment (0.0%) | $0.00 |
| Base Loan Amount | $350,000.00 |
| VA Funding Fee (2.15%) | + $7,525.00 |
| Total Loan Amount | $357,525.00 |
| Monthly P&I | $2,143.54 |
| Property Tax | $320.83 |
| Homeowners Insurance | $125.00 |
| PMI | None (VA benefit) |
| Total Monthly Payment | $2,589.38 |
| Total Interest Over Loan Life | $414,150.49 |
VA vs Conventional Comparison
VA Loan
Monthly: $2,589.38
Loan: $357,525.00
PMI: None
Funding Fee: $7,525.00
Conventional Loan
Monthly: $2,690.09
Loan: $350,000.00
PMI: $145.83/mo for ~150 months
Funding Fee: None
VA loan saves $100.72/mo compared to conventional
Use the VA Loan Calculator 2026 — No Down Payment & Funding Fee above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How It Works
Eligible veterans and active service members can estimate a monthly mortgage payment here without putting any money down, with the VA funding fee already worked into the figure. You enter the interest rate, property tax rate and insurance, so the figure follows the terms you are actually quoted.
For the underlying math, the tool amortizes the loan over a 30- or 15-year fixed term at the rate you enter (6.0% by default). The VA funding fee comes from the VA's table: 2.15% for a first-time borrower putting less than 5% down, 3.3% on later use, 1.5% with 5% or more down and 1.25% with 10% or more, or nothing if you mark yourself exempt. That amount is folded into the loan balance before the payment is amortized. Property tax (1.1% of the price a year by default) and homeowner's insurance ($1,500 a year by default) are added on top.
One advantage of a VA loan is that it carries no PMI, but the funding fee is a one-time charge you'll either pay upfront or finance into the loan. Getting pre-approved pins down your real borrowing power, and because rates move from week to week, it pays to compare offers from several lenders before you commit.
Example: $350,000 Home Purchase
- 1 Input a home purchase price of $350,000 with $0 down and keep the defaults: 6.0% for 30 years, first VA use, not exempt from the funding fee, 1.1% property tax and $1,500 a year of homeowner's insurance.
- 2 The calculator adds the 2.15% funding fee ($7,525) to the loan, making the total loan amount $357,525. Principal and interest on $357,525 at 6.0% over 30 years is $2,143.54 a month.
- 3 Adding property tax of $320.83 ($350,000 × 1.1% ÷ 12) and insurance of $125.00 ($1,500 ÷ 12) gives a total monthly payment of $2,589.38, with no PMI. Interest over the full 30 years comes to $414,150.49.
- 4 Financing the fee has a cost too: without it, principal and interest on $350,000 would be $2,098.43, so the fee adds about $45 a month for the life of the loan. Borrowers who are exempt, such as veterans receiving VA disability compensation, skip that cost entirely.
Source: U.S. Department of Veterans Affairs — VA funding fee and loan closing costs · Last updated: September 2026
Frequently Asked Questions
What is the VA loan funding fee for 2026?
Do VA loans require a down payment or PMI?
Who qualifies for a VA home loan?
You might also need
Mortgage Calculator 2026 — Payment, Amortization & PMI
Calculate your monthly mortgage payment with taxes, insurance, PMI, and HOA. Free, instant results at the interest rate you enter.
FHA Loan Calculator 2026 — MIP, Down Payment & Limits
Calculate FHA loan payments including upfront MIP (1.75%) and annual MIP premiums. See when MIP drops off. Free, instant results based on 2026 FHA limits.
Home Affordability Calculator — How Much House Can You Afford?
Find out how much house you can afford based on income, debts, down payment, and the mortgage rate you enter. Free, instant results with DTI ratio breakdown.