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VA Loan Calculator

Most VA calculators show you a payment and stop there. Ours goes further. Enter your loan details, veteran status, and monthly costs to see your full estimated payment, a complete funding fee breakdown, and a side-by-side comparison with conventional financing so you can see exactly what your VA benefit is worth.

Purchase, IRRRL & Cash-OutNo PMI everFunding fee explainedTX, FL, MN & CO licensed
State aware estimates: Property taxes and homeowners insurance are pre-filled from typical averages for TX, FL, MN, and CO. Select your state or override any field with your own numbers for a more accurate result.

Why VA loans are worth understanding

Veterans and active duty service members earn one of the most powerful loan benefits available, and most never fully use it. No private mortgage insurance, competitive rates, and flexible qualification standards put VA loans ahead of conventional and FHA financing in the majority of scenarios where a borrower qualifies.

The funding fee is the one cost unique to VA loans, and it trips people up more than anything else. Understanding how it is calculated, how your down payment affects the rate, and whether your service history qualifies you for an exemption can make a meaningful difference in what you actually pay.

How the funding fee works

The VA funding fee is a one-time charge paid to the Department of Veterans Affairs, not to your lender. It ranges from 0.5% to 3.6% of the loan amount depending on your service type, down payment, and whether this is your first time using the benefit.

Most veterans roll it into the loan rather than paying it upfront. If you have a service-connected disability rating, you may be fully exempt. Use the exemption checkbox in the calculator to see the difference it makes on your payment.

Common questions about VA loans

Do I have to pay the VA funding fee upfront?
No. Most veterans choose to roll the funding fee into the loan amount rather than paying it at closing. This slightly increases your monthly payment but reduces the cash you need to bring to the table. The calculator shows you both scenarios so you can see the difference before you decide.
Can I use my VA benefit more than once?
Yes. Your VA loan benefit is not a one-time use. You can use it again after paying off a previous VA loan, or in some cases even while still carrying one. Subsequent use does come with a higher funding fee than first-time use, which the calculator accounts for automatically.
What is the difference between a VA purchase loan and an IRRRL?
A VA purchase loan is used to buy a home. An IRRRL, which stands for Interest Rate Reduction Refinance Loan, is used to refinance an existing VA loan into a lower rate with minimal paperwork and no appraisal required in most cases. The IRRRL has a lower funding fee of 0.5% and is one of the fastest refinance options available.
Does this calculator show whether I qualify for a VA loan?
No. This is an educational planning tool, not a pre-approval. Actual qualification depends on your Certificate of Eligibility, credit score, income, employment history, and the specific property. To find out what you actually qualify for, request a free quote. It takes about 60 seconds and does not affect your credit.
How does a VA loan compare to FHA or conventional?
VA loans have no down payment requirement and no monthly PMI, which gives them a payment advantage over both FHA and conventional in most scenarios. FHA loans require mortgage insurance for the life of the loan in most cases. Conventional loans drop PMI once you reach 20% equity but require it until then. The VA funding fee is the tradeoff, but for eligible borrowers the math almost always favors VA.

Ready to use your VA benefit?

We are licensed in TX, FL, MN, and CO and have helped veterans navigate the VA loan process from certificate of eligibility to closing. No pressure, no credit pull to start.

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