Veterans Home Loan
VA Loan
Calculator
Down Payment
0%
PMI
None
Calculate your VA loan monthly payment with zero down payment and no PMI. See the funding fee based on your service type and down payment, compare against a conventional mortgage, and view the full amortization schedule. Available to eligible veterans, active-duty service members and surviving spouses.
Loan Details
Monthly Payment
$0
Down Payment
0%
LTV
100%
Total Interest
$0
Base Loan
$0
Funding Fee (2.15%)
$0
Total Loan
$0
VA Loan vs Conventional (5% down)
Conventional PMI
$0
Conventional Total Monthly
$0
VA saves $0/mo
How the VA loan calculator works
Enter the home price and any optional down payment. The calculator applies the VA funding fee based on your usage type (first-time or subsequent) and down payment percentage, then finances it into the loan. The monthly payment is calculated on the total loan amount (base loan + funding fee) at your interest rate and term.
The key advantage of VA loans is zero down payment and no PMI. Conventional loans with less than 20% down require private mortgage insurance (typically 0.5-1% of the loan annually), which adds $100-300+ per month. VA loans replace this with a one-time funding fee that's rolled into the mortgage. For most veterans, this saves thousands over the life of the loan.
The comparison section shows what the same purchase would cost with a conventional 5% down mortgage including PMI, so you can see the monthly saving. For FHA loan comparison, use our FHA loan calculator. For general US mortgage calculations, try our mortgage calculator.
Frequently asked questions
Do VA loans require a down payment?
No. VA loans allow 0% down with no loan limit for eligible veterans. However, putting some money down reduces the funding fee and monthly payment.
What is the VA funding fee for 2025?
First-time use: 2.15% with 0% down, 1.5% with 5-9.99% down, 1.25% with 10%+ down. Subsequent use: 3.3% with 0% down. Veterans with 10%+ disability rating are exempt.
Is a VA loan better than a conventional mortgage?
For eligible veterans, usually yes. 0% down, no PMI, competitive rates (often 0.25-0.5% lower), and no prepayment penalties. The one-time funding fee is typically less than years of PMI on a conventional loan.