acalculator

What will my VA loan payment be?

See your VA home loan payment with the funding fee from the VA's table for loans closed since April 7, 2023, property tax, and insurance.

Your numbers

An example rate, not today’s rate. Use the rate your lender quotes.
VA loan benefit
Exempt: for example, veterans who get VA disability compensation.
Funding fee
Taxes, insurance, and HOA
Monthly payment
$2,589.38

A VA loan of $357,525.00 at 6% over 30 years costs $2,589.38 a month; the funding fee is $7,525.00.

Principal and interest
$2,143.54
Property tax
$320.83
Home insurance
$125.00
HOA dues
$0.00
VA funding fee
$7,525.00
Funding fee rate
2.15%
Loan amount
$357,525.00
Down payment
0%
Total interest
$414,150.49
Total cost
$932,175.49
Months
360

Answer for the example date Wednesday, September 30, 2026. It changes to today's date when the page loads.

Monthly payment: $2,589.38. A VA loan of $357,525.00 at 6% over 30 years costs $2,589.38 a month; the funding fee is $7,525.00.

What makes up the monthly payment?

Where does each year of payments go?

What does every payment look like?

The results are estimates for information only. They are not financial, tax, or legal advice. Check the numbers with your lender or a qualified professional before you decide. Terms of use

How to calculate

Computes the monthly payment on a VA home loan with the VA funding fee, property tax, home insurance, and HOA dues, with the full amortization schedule.

Example with the default inputs (Home price $350,000.00, Down payment $0.00, Interest rate 6%, Loan term (years) 30, VA loan benefit First use, Funding fee Add to the loan, Property tax (per year) 1.1%, Home insurance $1,500.00, HOA dues $0.00, Loan start date September 30, 2026) on the example date Wednesday, September 30, 2026: A VA loan of $357,525.00 at 6% over 30 years costs $2,589.38 a month; the funding fee is $7,525.00.

Method: funding fee = VA rate × the base loan; principal and interest = L × r ÷ (1 − (1 + r)^−n), with L the loan (plus the fee if added), r the rate ÷ 12, and n the months; tax, insurance, and HOA dues are added.

  • Funding fees follow the VA’s table for purchase loans closed from April 7, 2023 (38 U.S.C. 3729), checked September 2026.
  • VA loans have no monthly mortgage insurance.
  • The rate is fixed, interest is charged monthly at the rate ÷ 12, and the first payment is one month after the start.
  • Tax, insurance, and HOA dues stay the same; closing costs are not included; nothing is rounded between months.

Machine-readable copies: Markdown, JSON.

Worked examples

Each example is checked against the calculator on every build.

  1. Home price $350,000.00, Down payment $0.00, Interest rate 6%, Loan term (years) 30, VA loan benefit First use, Funding fee Add to the loan gives VA funding fee $7,525.00, Funding fee rate 2.15%, Loan amount $357,525.00, Principal and interest $2,143.54, Monthly payment $2,143.54.
  2. Home price $300,000.00, Down payment $15,000.00, Interest rate 6.5%, Loan term (years) 30, VA loan benefit Used before, Funding fee Pay in cash, Property tax (per year) 1%, Home insurance $1,800.00 gives Funding fee rate 1.5%, VA funding fee $4,275.00, Loan amount $285,000.00, Principal and interest $1,801.39, Monthly payment $2,201.39.
  3. Home price $300,000.00, Down payment $0.00, Interest rate 6%, Loan term (years) 30, VA loan benefit Used before, Funding fee Add to the loan gives Funding fee rate 3.3%, VA funding fee $9,900.00, Loan amount $309,900.00, Principal and interest $1,858.01.Source: 38 U.S.C. 3729 and the VA funding fee table: 3.3% for a later use with less than 5% down
  4. Home price $300,000.00, Down payment $0.00, Interest rate 6%, Loan term (years) 30, VA loan benefit Exempt, Funding fee Add to the loan gives Funding fee rate 0%, VA funding fee $0.00, Loan amount $300,000.00, Principal and interest $1,798.65.
  5. Home price $300,000.00, Down payment $30,000.00, Interest rate 0%, Loan term (years) 30, VA loan benefit First use, Funding fee Add to the loan gives Funding fee rate 1.25%, VA funding fee $3,375.00, Loan amount $273,375.00, Principal and interest $759.38, Total interest $0.00.

How it works

Write V for the home price, D for the down payment, r for the yearly rate ÷ 1200 (the monthly rate as a decimal), and n for the months (years × 12, at most 30 years). The base loan is B = V − D, which must be more than 0. The down payment percent is D × 100 ÷ V.

1. Funding fee rate from the VA's table for purchase loans closed from April 7, 2023:

  • First use: 2.15% with a down payment under 5%; 1.5% from 5% up to under 10%; 1.25% from 10%.
  • Used before: 3.3% under 5%; 1.5% from 5% up to under 10%; 1.25% from 10%.
  • Exempt: 0%.

2. Funding fee = the rate × B ÷ 100. When it is added to the loan, L = B + fee; when it is paid in cash, L = B.

3. Principal and interest. P = L × r ÷ (1 − (1 + r)^−n), or L ÷ n at 0%.

4. Other monthly costs. Property tax = the yearly tax rate × V ÷ 12. Home insurance = the yearly premium ÷ 12. HOA dues are monthly. There is no monthly mortgage insurance.

5. Monthly payment (the headline) = P + property tax + home insurance + HOA dues.

6. Schedule and totals. Each month: interest = balance × r; principal = P − interest, except that payment n clears the balance. Total interest is the sum over the rows. The total cost is D, plus the fee when paid in cash, plus everything paid in every row.

Assumptions

  • Funding fees are the VA's rates for purchase and construction loans closed from April 7, 2023 (38 U.S.C. 3729), checked in September 2026.
  • Refinance fees (cash-out and IRRRL) and manufactured-home loans have other rates and are not covered.
  • The rate is fixed, and the first payment is one month after the start date.
  • Property tax, insurance, and HOA dues stay the same. Closing costs are not included, and nothing is rounded between months.
  • The default rate is an example, not a current market rate.

When the data is out of date

The funding fees are the VA's table for loans closed from April 7, 2023, checked in September 2026 and due for review by September 30, 2027. After that date the calculator keeps using them, and the result says “Uses the VA funding fee table (loans from April 7, 2023) as checked in September 2026”.

Worked examples by hand

A $350,000 home, no down payment, first use, 6% over 30 years, fee added to the loan. The rate is 2.15%, so the fee is 0.0215 × 350,000 = $7,525 and L = $357,525. With r = 0.005 and (1.005)^−360 = 0.166042, P = 357,525 × 0.005 ÷ 0.833958 = $2,143.54, which is also the monthly payment with no tax or insurance.

A $300,000 home, 5% down ($15,000), used before, 6.5% over 30 years, fee paid in cash, 1% property tax, $1,800 a year of insurance. The down payment is exactly 5%, so the rate is 1.5% and the fee is 0.015 × 285,000 = $4,275, paid in cash, so L = $285,000. With r = 0.00541667 and (1 + r)^−360 = 0.143025, P = 285,000 × 0.00541667 ÷ 0.856975 = $1,801.39. Tax is 0.01 × 300,000 ÷ 12 = $250 and insurance $150, so the monthly payment is $2,201.39.

Later use with no down payment: the rate is 3.3%, so on a $300,000 home the fee is $9,900 and L = $309,900; at 6% over 30 years P = $1,858.01. Exempt: the fee is $0, L = $300,000, and P = $1,798.65.

A $300,000 home with 10% down, first use, at 0% over 30 years. The rate is 1.25%, so the fee is 0.0125 × 270,000 = $3,375 and L = $273,375. At 0%, P = 273,375 ÷ 360 = $759.375, with $0 of interest.

Other questions people ask

What is the VA funding fee?

A one-time fee most VA borrowers pay, as a percent of the loan. For a first use it is 2.15% with less than 5% down, 1.5% with 5% or more, and 1.25% with 10% or more. After a first use it is 3.3% with less than 5% down. These are the VA's rates for purchase loans closed from April 7, 2023.

Who is exempt from the VA funding fee?

Veterans who receive VA compensation for a service-connected disability, surviving spouses who receive Dependency and Indemnity Compensation, and service members with a Purple Heart, among others. Your certificate of eligibility shows whether you are exempt.

Do VA loans need a down payment?

Often no. The VA guarantees part of the loan, so many lenders lend the full price. A down payment of 5% or 10% lowers the funding fee and the loan.

Do VA loans have mortgage insurance?

No. VA loans have no monthly mortgage insurance, even with no down payment. The funding fee takes its place and is paid once.

Should I add the funding fee to the loan?

Adding it means no extra cash at closing, but you pay interest on it for the whole loan. On a $350,000 home with no down payment, the $7,525 fee adds about $45 a month at 6% over 30 years.

What else do I pay at closing on a VA loan?

Closing costs such as the appraisal, title, and recording fees, which this page does not include. The VA limits some fees lenders may charge; your Loan Estimate lists them.