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VA Loan Payment Calculator
Zero down, no mortgage insurance, and the funding fee handled properly — including the exemption if you are rated disabled. Change any number and everything updates instantly.
Estimated monthly payment
$0
| Principal & interest | $0 |
|---|---|
| Property taxes | $0 |
| Homeowners insurance | $0 |
| HOA dues | $0 |
| Mortgage insurance | $0 — VA never charges it |
Funding fee & cash to close
| Base loan amount | $0 |
|---|---|
| VA funding fee | $0 |
| Total loan amount | $0 |
| Estimated cash to close | $0 |
Cash to close assumes roughly 1.5% of the price in other closing costs and prepaids, and does not subtract seller concessions or lender credits — both of which a well-negotiated VA purchase often uses to cut this number substantially.
What the same house costs with other loans
| VA | FHA | Conventional | |
|---|---|---|---|
| Down payment | $0 | $0 | $0 |
| Monthly mortgage insurance | $0 | $0 | $0 |
| Total monthly payment | $0 | $0 | $0 |
Comparison assumes the same interest rate across all three so you are seeing the structural difference, not a rate guess: FHA at 3.5% down with 1.75% upfront MIP financed and 0.55% annual MIP; conventional at 5% down with 0.5% annual PMI. Real PMI varies with credit score and can run higher or lower.
Estimates only, for education. Not a quote, not a commitment to lend, and not an offer of credit. Actual rate, fees, taxes and insurance will differ. The VA funding fee schedule is set by statute and changes periodically — confirm the current rates at va.gov.
How to read it
Three numbers worth staring at
The mortgage insurance row
It says $0, and it will always say $0. FHA charges mortgage insurance for the life of the loan in most cases. Conventional charges it until you reach roughly 20% equity. VA charges none, ever. Over thirty years this is usually the largest single dollar advantage the VA loan holds, and it is the one most buyers do not price in when comparing offers.
The funding fee line
Toggle the exemption checkbox and watch what happens. If you receive VA compensation for a service-connected disability, that entire line goes to zero — frequently five figures on a larger loan. Veterans miss this constantly, and it is worth confirming your status before you close rather than after.
Then try changing the down payment to 5%. The fee rate drops, and for a subsequent-use borrower it drops by more than half. You are not required to put anything down — but if you happen to have the cash, that is where it does the most work.
Cash to close
This is the number that decides whether you can actually buy this month, and it is the one most calculators hide. It assumes no seller concessions. A well-negotiated VA purchase frequently uses seller credits and the fees VA does not allow you to pay at all to bring this figure down substantially — sometimes close to nothing.
Once you have a real address, replace the tax rate and insurance estimates with actual numbers. In Texas the tax rate varies enormously by school district, and in Florida insurance varies more by roof age than by anything else. Those two fields move the payment more than a quarter point of rate ever will.
Straight answers
Calculator questions
Does this calculator include the VA funding fee?
Yes, and it is one of the few that does it correctly. The fee is calculated on the loan amount after your down payment, at the rate matching your down payment tier and whether this is your first or a subsequent use — and it is set to zero if you tell it you are exempt.
Why does my down payment change the funding fee?
Because VA charges less when you have more skin in the game. Putting down 5% drops the fee meaningfully, and 10% drops it further. For a subsequent-use borrower, going from 0% down to 5% down cuts the fee by more than half — which occasionally makes a small down payment worth it even though none is required.
Are the property tax and insurance defaults accurate for my house?
They are state-level averages and nothing more. Texas rates vary enormously by school district, and Florida insurance varies by roof age and flood zone more than by county. Override both fields with real numbers as soon as you have them — that is what makes an estimate useful.
Why is there no PMI line?
Because VA loans do not have monthly mortgage insurance. That is not a promotional claim, it is how the program is built, and over a 30-year loan it is usually the single largest dollar advantage the VA loan has over the alternatives.
Is this a quote?
No. It is arithmetic on the numbers you typed. Your actual rate depends on credit, loan amount, lock period and market conditions on the day you lock. Use this to understand the shape of the payment, then call me for a real one.
What is not included in the monthly payment shown?
Utilities, maintenance, and any flood insurance if your property requires it. Flood is separate from homeowners insurance and it can be substantial in parts of Florida, coastal Texas and the Sacramento area.
Talk to a person
Turn the estimate into a real number
Send me what you plugged in and I will come back with an actual rate, the real tax rate for that address, and a genuine insurance quote — not a state average.
- No cost, no obligation — and no credit pull to start the conversation.
- Zero down on a VA purchase with full entitlement, and no monthly mortgage insurance.
- Licensed in AZ, CA, FL & TX — one lender across your sale and your purchase.
- Straight answers. If a VA loan is the wrong tool for your situation, I will say so.
Would rather just talk?
(480) 203-6263
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