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VA Loan Calculator

Calculate VA loan payments with no PMI and potential zero down payment for eligible veterans. Currently calculating in US Dollar.

Loan Details
Enter your VA loan information

Veterans with 10%+ disability rating are exempt from funding fee

0% ($0)

Higher down payment reduces funding fee

6%

VA Funding Fee

  • Rate: 2.15%
  • Amount: $7,525
  • Can be financed into loan
Base Loan Amount$350,000
+ Funding Fee$7,525
Total Loan Amount$357,525

VA Loan Benefits

No down payment required
No private mortgage insurance (PMI)
Competitive interest rates
Limited closing costs
No prepayment penalty

Monthly Payment

$2,144

No PMI included

Total Payment

$771,675

Total Interest

$414,150

Funding Fee

$7,525

2.15%

Total Cost Breakdown
Principal, interest, and funding fee
Principal
Interest
Funding Fee
Balance Over Time
Remaining balance by year
Annual Payment Split
Principal vs interest paid each year
Principal
Interest
Amortization Schedule
Year-by-year payment breakdown
YearPrincipalInterestBalance
1$4,390$21,332$353,135
2$4,661$21,061$348,473
3$4,949$20,774$343,525
4$5,254$20,469$338,271
5$5,578$20,144$332,693
6$5,922$19,800$326,771
7$6,287$19,435$320,483
8$6,675$19,047$313,808
9$7,087$18,636$306,721
10$7,524$18,199$299,197
11$7,988$17,735$291,209
12$8,481$17,242$282,729
13$9,004$16,719$273,725
14$9,559$16,163$264,166
15$10,149$15,574$254,017
16$10,775$14,948$243,243
17$11,439$14,283$231,804
18$12,145$13,578$219,659
19$12,894$12,829$206,765
20$13,689$12,034$193,076
21$14,533$11,189$178,543
22$15,430$10,293$163,113
23$16,381$9,341$146,732
24$17,392$8,331$129,340
25$18,464$7,258$110,876
26$19,603$6,119$91,273
27$20,812$4,910$70,460
28$22,096$3,627$48,364
29$23,459$2,264$24,906
30$24,906$817$0
About VA Loans
Understanding VA loan eligibility and benefits

Eligibility Requirements

  • 90+ days active duty during wartime
  • 181+ days active duty during peacetime
  • 6+ years in National Guard or Reserves
  • Surviving spouse of veteran

Funding Fee Exemptions

  • 10%+ VA disability rating
  • Purple Heart recipient on active duty
  • Surviving spouse of veteran who died in service
  • Service member receiving VA compensation