VA Mortgage Calculator
VA loan payment calculator for military service members, veterans, and surviving spouses. Features 0% down payment, funding fee tiers, and disability fee waivers.
VA Mortgage & Funding Fee Calculator
Calculate 0% down VA home loan payments with funding fee exemptions and amortization
VA Loan Eligibility
Financing Breakdown
VA Loans: Zero Down Payment, Zero PMI, and Funding Fee Guidelines
Backed by the U.S. Department of Veterans Affairs, the VA home loan program is one of the most powerful mortgage instruments in existence. Active-duty service members, military veterans, and qualifying surviving spouses can purchase primary residences with 0% down payment and zero monthly private mortgage insurance (PMI).
The VA Funding Fee Schedule & Disability Exemptions
Because VA loans charge no monthly mortgage insurance, Congress mandates a one-time VA Funding Fee to sustain the loan guaranty fund. The fee scale depends on down payment size and whether it is the veteran's first or subsequent use:
First-time use with 0% down: 2.15% of loan amount.
Subsequent use with 0% down: 3.30% of loan amount.
Putting 5% down lowers the fee to 1.50%; putting 10%+ down reduces it to 1.25%.
100% Exemption: Veterans receiving VA compensation for a service-connected disability, Purple Heart recipients, and surviving spouses receiving DIC are entirely exempt from paying the VA funding fee.
Step-by-Step Instructions
Enter Home Purchase Price
Input the contract purchase price of the home.
Specify Down Payment (Optional 0% Down)
Input your down payment amount (VA loans offer 100% financing with $0 down payment required).
Select VA Funding Fee Tier
Select military service category, first-time vs subsequent VA loan use, or check disability exemption status.
Review Total Monthly PITI Payment
Calculate principal, interest, property taxes, and homeowners insurance with $0 monthly private mortgage insurance.
Key Features & Capabilities
- 100% financing ($0 down payment) mortgage payment calculation
- VA Funding Fee schedule matrix (2.15% first use with 0% down; 3.30% subsequent use; reducible with 5% or 10% down)
- 100% exemption modeling from the VA Funding Fee for service-connected disabled veterans and Purple Heart recipients
- Zero monthly Private Mortgage Insurance (PMI / MIP) benefit comparison vs Conventional and FHA loans
Frequently Asked Questions
What is the VA Funding Fee and how much does it cost?
The VA Funding Fee is a one-time federal fee paid directly to the Department of Veterans Affairs to sustain the loan program for future generations. For first-time VA homebuyers putting 0% down, the fee is **2.15%** of the loan amount. For subsequent uses with 0% down, the fee is **3.30%**. The fee decreases to 1.50% with 5% down, and 1.25% with 10% down, and can be financed into the loan balance.
Who is exempt from paying the VA Funding Fee?
Veterans receiving VA disability compensation for a service-connected disability, surviving spouses receiving Dependency and Indemnity Compensation (DIC), and active-duty service members who have been awarded the Purple Heart are **100% exempt** from paying the VA Funding Fee.
Do VA loans require monthly private mortgage insurance (PMI)?
No. Unlike Conventional loans (which require PMI with less than 20% down) and FHA loans (which require monthly MIP for life), VA loans **never require monthly mortgage insurance**, saving eligible veterans hundreds of dollars every month.
What is the VA loan limit for eligible veterans?
Under the Blue Water Navy Vietnam Veterans Act, there are **no statutory VA loan limits** for veterans with full entitlement. Eligible military borrowers can purchase a home at any price with $0 down payment, provided they have sufficient income and credit to satisfy the lender's underwriting and residual income standards.
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