VA loan calculator (US, 2026)
VA loans are a US program for service members and veterans. The funding fee depends on your down payment and on first use.
Result
1,837.32Monthly payment (principal and interest)
- VA funding fee rate
- 2.15%
- VA funding fee (added to the loan)
- 6,450.00
- Total loan amount
- 306,450.00
- Total interest
- 354,986.13
- Total cost (interest + fee)
- 361,436.13
Inputs
- Home price
- 300000
- Down payment (optional)
- 0
- Rate per year
- 6
- Length
- 30
- VA loan use
- First time
- Exempt from the fee?
- No
How it is calculated
Fee: first use 2.15% (under 5% down), 1.5% (5 to 10%), 1.25% (10% or more). Used before: 3.3% under 5% down.
Result
Monthly payment (principal and interest)
- VA funding fee rate
- 2.15%
- VA funding fee (added to the loan)
- 6,450.00
- Total loan amount
- 306,450.00
How it is calculated
- Fee: first use 2.15% (under 5% down), 1.5% (5 to 10%), 1.25% (10% or more). Used before: 3.3% under 5% down.
- Loan = (price − down payment) + fee. Exempt: fee = 0.
- Payment = P × i ÷ (1 − (1 + i)^−n), with i = rate ÷ 12.
Example
$300,000 with no down payment, first use: fee 2.15% = $6,450. If exempt, at 6% over 30 years: $1,798.65 a month.
Good to know
- Eligibility and exemption must be confirmed by the VA (Certificate of Eligibility).
- Taxes, home insurance and closing costs are not included.
- Fee table in force in 2026: check the official VA page.
Sources
- U.S. Department of Veterans Affairs – VA funding fee and loan closing costs
Frequently asked questions
What is this tool used for?
VA loans are a US program for service members and veterans. The funding fee depends on your down payment and on first use.
How is the result calculated?
Fee: first use 2.15% (under 5% down), 1.5% (5 to 10%), 1.25% (10% or more). Used before: 3.3% under 5% down.
What should I check before using the result?
Eligibility and exemption must be confirmed by the VA (Certificate of Eligibility).