For veterans & service members

VA Loan Calculator

VA loans, guaranteed by the Department of Veterans Affairs, let eligible veterans and service members buy with no down payment and no monthly mortgage insurance. The main cost is a one-time funding fee. Enter a price below to estimate the full VA payment.

Zero down modelingNo monthly PMINo sign-up

Your numbers

Down payment
= $0 down · under 20% adds PMI
Loan term
This week's US averages: 6.49% for 30-year, 5.82% for 15-year (updated Jul 2026). Your rate depends on credit and lender. Freddie Mac PMMS
Estimated monthly payment
$2,753/mo
Principal
$32612%
Interest
$1,94771%
Property tax
$33012%
Home insurance
$1505%
Loan amount
$360,000
Total interest
$458,308
Total cost
$991,108
principal, interest & fees
Payoff
Jun 2056
30 yr
Over the life of the loan

Loan balance over time

$0$90K$180K$270K$360K5y10y15y20y25y30y
Crossover in year 20, the point where more of each payment builds equity than pays interest.

Nothing is saved or sent. The share link holds your numbers, in your browser only.

Full breakdown

Amortization schedule

Every payment, split into principal and interest. Export it or print a copy.

YearPrincipalInterestBalance
2026$1,983$11,655$358,017
2027$4,164$23,113$353,853
2028$4,442$22,834$349,410
2029$4,740$22,537$344,671
2030$5,056$22,220$339,614
2031$5,395$21,882$334,220
2032$5,755$21,522$328,465
2033$6,140$21,137$322,324
2034$6,551$20,726$315,774
2035$6,989$20,288$308,785
2036$7,456$19,821$301,329
2037$7,955$19,322$293,375
2038$8,486$18,791$284,888
2039$9,054$18,223$275,834
2040$9,659$17,618$266,175
2041$10,305$16,972$255,870
2042$10,994$16,283$244,876
2043$11,729$15,548$233,147
2044$12,514$14,763$220,633
2045$13,350$13,927$207,283
2046$14,243$13,034$193,040
2047$15,195$12,082$177,844
2048$16,211$11,065$161,633
2049$17,295$9,982$144,337
2050$18,452$8,825$125,885
2051$19,686$7,591$106,200
2052$21,002$6,275$85,198
2053$22,406$4,871$62,791
2054$23,905$3,372$38,887
2055$25,503$1,774$13,384
2056$13,384$254$0
The big advantage

No down payment, no monthly insurance

Two features make VA loans stand out. First, eligible borrowers can finance the full purchase price, so no down payment is required. Second, there is no monthly mortgage insurance at all, unlike conventional PMI or FHA premiums. That combination often makes the monthly payment lower than any comparable option.

Because there is no PMI, this calculator hides the mortgage-insurance field for VA. Your payment is principal, interest, property tax, and homeowners insurance.

The one cost

Understanding the VA funding fee

In place of insurance, the VA charges a one-time funding fee, a percentage of the loan that varies with your down payment and whether it is your first VA loan. It is usually financed into the balance rather than paid in cash. Some borrowers, including many with service-connected disabilities, are exempt. To model it, add the fee to your loan amount.

Questions & answers

Frequently asked

Do VA loans really require no down payment?
Yes, eligible borrowers can finance 100% of the purchase price up to the county loan limit, which is a defining benefit of the program.
Is there mortgage insurance on a VA loan?
No monthly mortgage insurance, which is a major saving versus conventional or FHA loans. The one-time funding fee takes its place.
What is the VA funding fee?
A one-time charge, typically financed into the loan, that varies by down payment and usage. Some veterans, including many receiving disability compensation, are exempt from it.
Who is eligible for a VA loan?
Qualifying veterans, active-duty service members, and certain surviving spouses who meet the VA's service requirements and obtain a Certificate of Eligibility.
MF
Marcus Fielding· Mortgage analyst & editor
Published June 2026 · Updated July 2026
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