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Calculate your VA loan payments with 0% down and no PMI. Includes funding fee calculator and disability exemptions. Thank you for your service! đēđ¸
VA loans allow 0% down payment!
Recommended 620+, some lenders accept 580+
Lower funding fee for first-time users
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs, designed to help veterans, active-duty service members, National Guard and Reserve members, and eligible surviving spouses achieve homeownership. This benefit is one of the most valuable perks of military service.
The VA doesn't actually lend money - instead, it guarantees a portion of the loan, which allows approved lenders to offer better terms. The most significant advantages are 0% down payment requirement and no private mortgage insurance (PMI), which can save you hundreds of dollars monthly and tens of thousands over the life of the loan.
Accurate funding fee calculations for all service types
Calculate payments with no down payment required
See savings from never paying mortgage insurance
Automatic funding fee waiver for 10%+ disability
Input the home price and down payment (0% is available for all eligible veterans). Most veterans choose 0% down to maximize their benefit.
Choose your service type (Regular Military, Reserves/National Guard, or Surviving Spouse) and indicate if this is your first VA loan use.
If you have a service-connected disability rating of 10% or higher, check the box to automatically waive the VA funding fee.
View your monthly payment, funding fee, total costs, and see how much you save compared to conventional loans with PMI.
Veterans with 10%+ Disability
Service-connected disability rating
Purple Heart Recipients
Automatic exemption
Surviving Spouses
Of veterans who died in service
VA Compensation Recipients
Receiving disability compensation
| Feature | VA Loan đī¸ | Conventional | FHA |
|---|---|---|---|
| Down Payment | 0% | 3-20% | 3.5% |
| Mortgage Insurance | None | PMI if <20% down | MIP for life |
| Credit Score Min | 580-620 | 620-640 | 580 |
| Funding/Upfront Fee | 1.25-3.3% | None | 1.75% |
| Seller Concessions | Up to 4% | Up to 3% | Up to 6% |
| Loan Limits | None* | $766,550 | $498,257 |
| Assumable | Yes | Rarely | Yes |
| Prepayment Penalty | None | None | None |
* With full entitlement. Partial entitlement has limits.
Calculate monthly mortgage payments
Calculate FHA loan with MIP
Calculate refinancing savings
Calculate true loan cost with fees
How much house can you afford?
Calculate down payment needs
Apply for your Certificate of Eligibility through eBenefits or your lender before house hunting. It's free and can be instant for many veterans.
While VA loans are flexible, a 640+ credit score gets you the best rates. Pay down debts and fix credit report errors before applying.
Ensure the property meets VA Minimum Property Requirements. Your VA appraiser will check for safety and structural issues.
Our VA mortgage calculator uses official VA guidelines and funding fee rates. For more information about VA home loans and benefits, consult these authoritative sources:
Official U.S. Department of Veterans Affairs home loan information
Apply for Certificate of Eligibility (COE) online
Find VA-approved lenders in your area
Consumer protection information for VA loans
Clean, military-friendly design that's easy to use on any device
Perfect experience on mobile, tablet, and desktop screens
Automatic funding fee waiver for service-connected disabilities
4-tab interface with Calculator, Amortization, Benefits, and Info
See exactly how much you save vs conventional loans
Different calculations for Regular Military, Reserves, and Surviving Spouses
Month-by-month payment breakdown with principal and interest
Instant eligibility status based on your service type
Accurate funding fees for both first-time and repeat VA loan users
Your VA home loan benefit is one of the most valuable perks of military service. We're honored to help you understand and maximize this benefit.
Ready to Start Your Home Buying Journey?
Use our calculator above to estimate your payments and explore your options.