VA Purchase Calculator — estimate your VA loan payment with funding fee

The VA funding fee is a one-time cost paid to the Department of Veterans Affairs that helps keep the VA loan program running. For a first-use purchase with no down payment, it's 2.15% of the loan amount; with 5–9.99% down, 1.50%; with 10%+ down, 1.25%. Subsequent-use purchases are 3.30%. The fee can be financed into the loan.

No. VA loans do not require private mortgage insurance (PMI), even with $0 down. That's one of the most valuable benefits of the program and a key reason VA payments often beat low-down-payment conventional loans.

Veterans with full entitlement have no VA loan limit — you can borrow as much as a lender approves based on income, credit, and the property's appraised value. Veterans with partial entitlement are still subject to county conforming loan limits.

Veterans receiving VA disability compensation, Purple Heart recipients on active duty, and eligible surviving spouses are exempt from the funding fee. Select 'Exempt' in the calculator to remove it from your estimate.