VA Loan Calculator
VA loans, for eligible veterans and service members, offer 0% down, no monthly mortgage insurance, and competitive rates — backed by the Department of Veterans Affairs. The main cost is a one-time VA funding fee. Estimate your VA payment below.
- Down payment
- $0 for eligible borrowers
- Mortgage insurance
- None (no PMI)
- VA funding fee
- ~1.25%–3.3% (often financed)
Payment breakdown
- Principal & interest$2,489.99
- Property tax$348.33
- Home insurance$110.83
- PMI$348.33
Balance over time
| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $3,973 | $25,907 | $376,027 |
| 2 | $4,254 | $25,626 | $371,773 |
| 3 | $4,555 | $25,325 | $367,218 |
| 4 | $4,877 | $25,003 | $362,342 |
| 5 | $5,221 | $24,659 | $357,120 |
| 6 | $5,591 | $24,289 | $351,530 |
| 7 | $5,986 | $23,894 | $345,544 |
| 8 | $6,409 | $23,471 | $339,135 |
| 9 | $6,862 | $23,018 | $332,273 |
| 10 | $7,347 | $22,533 | $324,926 |
| 11 | $7,866 | $22,014 | $317,060 |
| 12 | $8,422 | $21,457 | $308,638 |
| 13 | $9,018 | $20,862 | $299,620 |
| 14 | $9,655 | $20,225 | $289,964 |
| 15 | $10,338 | $19,542 | $279,627 |
| 16 | $11,069 | $18,811 | $268,558 |
| 17 | $11,851 | $18,029 | $256,707 |
| 18 | $12,689 | $17,191 | $244,018 |
| 19 | $13,586 | $16,294 | $230,432 |
| 20 | $14,546 | $15,334 | $215,885 |
| 21 | $15,575 | $14,305 | $200,311 |
| 22 | $16,676 | $13,204 | $183,635 |
| 23 | $17,855 | $12,025 | $165,781 |
| 24 | $19,117 | $10,763 | $146,664 |
| 25 | $20,468 | $9,412 | $126,196 |
| 26 | $21,915 | $7,965 | $104,281 |
| 27 | $23,464 | $6,416 | $80,816 |
| 28 | $25,123 | $4,757 | $55,693 |
| 29 | $26,899 | $2,981 | $28,795 |
| 30 | $28,795 | $1,079 | $0 |
Frequently asked questions
Do VA loans really require no down payment?
Yes. Eligible veterans, active-duty service members, and some surviving spouses can buy with 0% down and no monthly mortgage insurance. That makes the VA loan one of the most affordable ways to buy a home if you qualify.
What is the VA funding fee?
It's a one-time fee (roughly 1.25%–3.3% of the loan, depending on down payment and prior use) that funds the program in place of mortgage insurance. It can be rolled into the loan, and some borrowers — such as those with service-connected disabilities — are exempt.
Sources: U.S. Department of Housing and Urban Development (FHA); U.S. Department of Veterans Affairs (VA loans); Consumer Financial Protection Bureau.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.