VA Loan Calculator Estimate VA mortgage payments — with $0 down, no PMI, and funding fee details — for veterans, service ...
VA Loan Calculator
Estimate VA mortgage payments — with $0 down, no PMI, and funding fee details — for veterans, service members, and surviving spouses.
Standard VA
VA vs. Conventional
IRRRL Refinance
$0
Monthly Payment
$0
Funding Fee
$0
Total Interest (30-Yr)
$0
PMI Savings vs. Conv.
VA vs. Conventional: Lifetime Cost
VA Loan Benefits
✅ Key Advantages**:
- $0 Down Payment** — No minimum required (vs. 3–5% for FHA/conventional)
- No PMI** — Saves $100–$300/mo for most borrowers
- Lower Rates** — Avg. 0.5–0.75% below conventional (6.25% vs. 6.8% in 2025)
- No Loan Limits** — Full entitlement = no cap (2025: $1,089,300 high-cost limit for partial entitlement)
- Easier Qualifying** — More flexible credit/debt guidelines
📌 Funding Fee Tiers (2025)**:
- First Use, $0 Down: 2.15% (Regular), 2.40% (Guard/Reserve)
- Second Use, $0 Down: 3.30% / 3.55%
- With 5%+ Down: 1.25% / 1.50% (first use)
- Exempt: Purple Heart, surviving spouses, service-connected disabled
Common VA Loan Mistakes
⚠️ Watch for these:
- Rolling in the funding fee** — increases loan balance → higher interest over time
- Lender overlays** — some lenders require min 640 credit or 5% down (not VA rules!)
- Skipping the COE** — Certificate of Eligibility is required; apply via VA.gov, DMDC, or lender
- Assuming all lenders are equal** — shop 3+; fees and rates vary wildly
✅ Pro Tips**:
- Ask: “Do you charge a VA loan origination fee?” (VA limits to 1%)
- Get pre-approval *before* house hunting — shows serious buying power
- Use IRRRL to refinance later — no appraisal, no income verification
2025 VA Loan Benchmarks
| Loan | Payment | Funding Fee | 30-Yr Interest |
|---|---|---|---|
| $350K VA, 0% down | $2,150 | $7,525 | $424,000 |
| $350K Conv, 5% down | $2,340 | $0 | $452,000 + $28,800 PMI |
| IRRRL Refi ($300K) | −$290/mo | $0 (waived) | Save $104K over life |
📉 Who Qualifies?**:
- 90 consecutive days active duty (wartime) or 181 days (peacetime)
- 6 years Guard/Reserve
- Surviving spouse of service member who died in line of duty
💡 Source: VA Circular 26-24-22, Freddie Mac Primary Mortgage Market Survey (May 2025)
How to Use This Calculator
➡️ Standard VA
See payment, funding fee, and amortization for a new purchase.
➡️ VA vs. Conventional
Compare monthly cost, lifetime interest, and PMI savings.
➡️ IRRRL Refinance
Model streamline refinance — no appraisal, no income docs.
You’ll get:
- Exact monthly P&I (no PMI!)
- Funding fee amount & exemption status
- 30-yr interest total
- SVG cost comparison chart
Note: Assumes 30-yr fixed, no property tax/insurance. Funding fee can be financed.