{"id":67359,"date":"2026-10-21T10:02:36","date_gmt":"2026-10-21T07:02:36","guid":{"rendered":"https:\/\/wpcalc.com\/en\/?p=67359"},"modified":"2026-10-21T10:02:36","modified_gmt":"2026-10-21T07:02:36","slug":"va-loan-calculator-payment-with-funding-fee","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/en\/finance\/va-loan-calculator-payment-with-funding-fee\/","title":{"rendered":"VA Loan Calculator \u2013 Payment with Funding Fee"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 id=\"calculator-title\" class=\"text-lg font-display font-bold\">Estimate Your Monthly VA Payment and the Savings over FHA<\/h2><\/div><div class=\"calcdash-favorite group\">\n  <button type=\"button\" class=\"favorite\" id=\"favorite\" data-favorite-id=\"67359\" data-favorite-title=\"VA Loan\" data-favorite-url=\"https:\/\/wpcalc.com\/en\/finance\/va-loan-calculator-payment-with-funding-fee\/\" data-favorite-excerpt=\"Estimates your full monthly VA loan payment \u2014 principal &amp; interest plus the VA funding fee, property tax, insurance and HOA \u2014 and compares the result side by side with an FHA loan. Enter the home price, rate, term, loan type and entitlement use.\" aria-label=\"Add to Favorites\" data-favorite-icon=\"icon icon-loan\">\n    <span class=\"icon icon-shape-star-empty\" aria-hidden=\"true\"><\/span>\n  <\/button>\n  <div class=\"calcdash-favorite__tip\" aria-hidden=\"true\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n  <span class=\"sr-only\" role=\"status\" id=\"favorite-status\"><\/span>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/en\/finance\/va-loan-calculator-payment-with-funding-fee\/\" method=\"POST\" class=\"calculator\" id=\"calculator-67359\" data-post=\"67359\"><fieldset class=\"fieldset-input is-2\"><legend class=\"sr-only\">Input Fields<\/legend><div class=\"is-single field\" id=\"input-1\"><span class=\"font-semibold\">Loan Details<\/span><\/div><div class=\"field\" id=\"input-2\"><label for=\"field-2\">Home price<\/label><input type=\"text\" name=\"home_price\" id=\"field-2\" aria-describedby=\"calc-unit-2 calc-info-2\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0.01\" value=\"400000\"\/><div class=\"unit\" id=\"calc-unit-2\">$<\/div><small id=\"calc-info-2\">Purchase price of the home. For an IRRRL, enter the loan amount being refinanced.<\/small><\/div><div class=\"field\" id=\"input-3\"><label for=\"field-3\">Down payment<\/label><input type=\"text\" name=\"down_payment\" id=\"field-3\" aria-describedby=\"calc-unit-3 calc-info-3\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"100\" value=\"0\"\/><div class=\"unit\" id=\"calc-unit-3\">%<\/div><small id=\"calc-info-3\">VA purchase loans allow 0% down. Your down payment sets the funding fee tier.<\/small><\/div><div class=\"field\" id=\"input-4\"><label for=\"field-4\">Interest rate (APR)<\/label><input type=\"text\" name=\"interest_rate_apr\" id=\"field-4\" aria-describedby=\"calc-unit-4\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"100\" value=\"6.5\"\/><div class=\"unit\" id=\"calc-unit-4\">%<\/div><\/div><div class=\"field\" id=\"input-5\"><label for=\"field-5\">Loan term<\/label><div class=\"grid grid-cols-1\"><select id=\"field-5\" name=\"loan_term\"><option value=\"15\">15 years<\/option><option value=\"30\" selected>30 years<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-6\"><label for=\"field-6\">Loan type<\/label><div class=\"grid grid-cols-1\"><select id=\"field-6\" name=\"loan_type\"><option value=\"purchase\" selected>Purchase<\/option><option value=\"cashout\">Cash-out refinance<\/option><option value=\"irrrl\">IRRRL (streamline refinance)<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-7\"><label for=\"field-7\">VA entitlement use<\/label><div class=\"grid grid-cols-1\"><select id=\"field-7\" name=\"va_entitlement_use\"><option value=\"first\" selected>First use<\/option><option value=\"sub\">Subsequent use<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field is-checkbox\" id=\"input-8\"><input type=\"checkbox\" id=\"field-8\" value=\"1\"\/><label for=\"field-8\">Exempt from funding fee<\/label><\/div><div class=\"field is-checkbox\" id=\"input-9\"><input type=\"checkbox\" id=\"field-9\" value=\"1\" checked=\"checked\"\/><label for=\"field-9\">Finance the funding fee<\/label><\/div><div class=\"is-single field\" id=\"input-10\"><span class=\"font-semibold\">VA Funding Fee Rates (%) \u2014 edit if the VA changes them<\/span><\/div><div class=\"field\" id=\"input-11\"><label for=\"field-11\">First use \u2014 under 5% down<\/label><input type=\"text\" name=\"first_use_under_5_down\" id=\"field-11\" aria-describedby=\"calc-unit-11\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"2.15\"\/><div class=\"unit\" id=\"calc-unit-11\">%<\/div><\/div><div class=\"field\" id=\"input-12\"><label for=\"field-12\">First use \u2014 5\u20139.99% down<\/label><input type=\"text\" name=\"first_use_5999_down\" id=\"field-12\" aria-describedby=\"calc-unit-12\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"1.5\"\/><div class=\"unit\" id=\"calc-unit-12\">%<\/div><\/div><div class=\"field\" id=\"input-13\"><label for=\"field-13\">First use \u2014 10%+ down<\/label><input type=\"text\" name=\"first_use_10_down\" id=\"field-13\" aria-describedby=\"calc-unit-13\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"1.25\"\/><div class=\"unit\" id=\"calc-unit-13\">%<\/div><\/div><div class=\"field\" id=\"input-14\" hidden><label for=\"field-14\">Subsequent \u2014 under 5% down<\/label><input type=\"text\" name=\"subsequent_under_5_down\" id=\"field-14\" aria-describedby=\"calc-unit-14\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"3.3\"\/><div class=\"unit\" id=\"calc-unit-14\">%<\/div><\/div><div class=\"field\" id=\"input-15\" hidden><label for=\"field-15\">Subsequent \u2014 5\u20139.99% down<\/label><input type=\"text\" name=\"subsequent_5999_down\" id=\"field-15\" aria-describedby=\"calc-unit-15\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"1.5\"\/><div class=\"unit\" id=\"calc-unit-15\">%<\/div><\/div><div class=\"field\" id=\"input-16\" hidden><label for=\"field-16\">Subsequent \u2014 10%+ down<\/label><input type=\"text\" name=\"subsequent_10_down\" id=\"field-16\" aria-describedby=\"calc-unit-16\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"1.25\"\/><div class=\"unit\" id=\"calc-unit-16\">%<\/div><\/div><div class=\"field\" id=\"input-17\" hidden><label for=\"field-17\">Cash-out \u2014 first use<\/label><input type=\"text\" name=\"cashout_first_use\" id=\"field-17\" aria-describedby=\"calc-unit-17\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"2.15\"\/><div class=\"unit\" id=\"calc-unit-17\">%<\/div><\/div><div class=\"field\" id=\"input-18\" hidden><label for=\"field-18\">Cash-out \u2014 subsequent use<\/label><input type=\"text\" name=\"cashout_subsequent_use\" id=\"field-18\" aria-describedby=\"calc-unit-18\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"3.3\"\/><div class=\"unit\" id=\"calc-unit-18\">%<\/div><\/div><div class=\"field\" id=\"input-19\" hidden><label for=\"field-19\">IRRRL \u2014 any use<\/label><input type=\"text\" name=\"irrrl_any_use\" id=\"field-19\" aria-describedby=\"calc-unit-19\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"0.5\"\/><div class=\"unit\" id=\"calc-unit-19\">%<\/div><\/div><div class=\"is-single field\" id=\"input-20\"><span class=\"font-semibold\">Taxes, Insurance and HOA<\/span><\/div><div class=\"field\" id=\"input-21\"><label for=\"field-21\">Property tax rate<\/label><input type=\"text\" name=\"property_tax_rate\" id=\"field-21\" aria-describedby=\"calc-unit-21 calc-info-21\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"10\" value=\"1.1\"\/><div class=\"unit\" id=\"calc-unit-21\">% \/ yr<\/div><small id=\"calc-info-21\">Annual property tax as a share of the home price; the U.S. average is about 1.1%.<\/small><\/div><div class=\"field\" id=\"input-22\"><label for=\"field-22\">Homeowner&#039;s insurance<\/label><input type=\"text\" name=\"homeowners_insurance\" id=\"field-22\" aria-describedby=\"calc-unit-22\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"1500\"\/><div class=\"unit\" id=\"calc-unit-22\">$ \/ yr<\/div><\/div><div class=\"field\" id=\"input-23\"><label for=\"field-23\">HOA dues<\/label><input type=\"text\" name=\"hoa_dues\" id=\"field-23\" aria-describedby=\"calc-unit-23 calc-info-23\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"0\"\/><div class=\"unit\" id=\"calc-unit-23\">$ \/ mo<\/div><small id=\"calc-info-23\">Include condo or homeowners association dues if any.<\/small><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Re-Calculate\" id=\"calculate-button\" data-post=\"67359\">Calculate<\/button><button type=\"reset\">Reset<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Calculate automatically<\/label><small>If enabled, the result will update automatically when you change any value.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> VA Loan Results<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>VA funding fee<\/span><\/span><span class=\"field-value\" id=\"result-1\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-2\"><span class=\"field-title\"><span>Total VA loan amount<\/span><\/span><span class=\"field-value\" id=\"result-2\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-3\"><span class=\"field-title\"><span>Monthly principal &amp; interest<\/span><\/span><span class=\"field-value\" id=\"result-3\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-4\"><span class=\"field-title\"><span>Monthly property tax<\/span><\/span><span class=\"field-value\" id=\"result-4\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-5\"><span class=\"field-title\"><span>Monthly homeowner&#039;s insurance<\/span><\/span><span class=\"field-value\" id=\"result-5\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-6\"><span class=\"field-title\"><span>Monthly HOA dues<\/span><\/span><span class=\"field-value\" id=\"result-6\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-7\"><span class=\"field-title\"><span>Total monthly payment<\/span><\/span><span class=\"field-value\" id=\"result-7\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-8\"><span class=\"field-title\"><span>Total interest over the term<\/span><\/span><span class=\"field-value\" id=\"result-8\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-9\"><span class=\"field-title\"><span>VA vs FHA Monthly Payment<\/span><\/span><span class=\"field-value\" id=\"result-9\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><\/div><div class=\"result-actions\"><button type=\"button\" class=\"copy-link\"><svg viewBox=\"0 0 20 20\" fill=\"currentColor\" aria-hidden=\"true\"><path d=\"M12.232 4.232a2.5 2.5 0 0 1 3.536 3.536l-1.225 1.224a.75.75 0 0 0 1.061 1.06l1.224-1.224a4 4 0 0 0-5.656-5.656l-3 3a4 4 0 0 0 .225 5.865.75.75 0 0 0 .977-1.138 2.5 2.5 0 0 1-.142-3.667l3-3Z\"\/><path d=\"M11.603 7.963a.75.75 0 0 0-.977 1.138 2.5 2.5 0 0 1 .142 3.667l-3 3a2.5 2.5 0 0 1-3.536-3.536l1.225-1.224a.75.75 0 0 0-1.061-1.06l-1.224 1.224a4 4 0 1 0 5.656 5.656l3-3a4 4 0 0 0-.225-5.865Z\"\/><\/svg><span class=\"copy-link__text\">Copy link to this calculation<\/span><\/button><span class=\"sr-only\" role=\"status\" id=\"copy-link-status\"><\/span><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Leave a Comment<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"67359\" aria-live=\"polite\" aria-labelledby=\"calc-reactions-title\"><p id=\"calc-reactions-title\" class=\"text-sm text-gray-500 text-center mb-2\">How did this result make you feel?<\/p><div role=\"group\" aria-labelledby=\"calc-reactions-title\" class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Like <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">Helpful <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Confused <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Disappointed <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\u274c <\/span><span class=\"reaction-description font-medium\">Inaccurate <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><div class=\"calcdash-ad not-prose calcdash-ad--calc_result calcdash-ad--in-article\"><ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-1721569815777345\" data-ad-slot=\"6317458308\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div>\n<style id=\"wpcoderpro-inline-1\">.formula-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>VA Loan Formula<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">Formula<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[ B = P\\left(1 - \\frac{d}{100}\\right) \\\\ \\text{fee} = B \\cdot \\frac{f}{100} \\\\ L = B + \\text{fee} \\\\ M = L \\cdot \\frac{r\\,(1+r)^n}{(1+r)^n - 1} \\]\n<\/div>\r\n\t<\/figure>\r\n\t<\/p>\n<p><strong>Where:<\/strong><\/p>\n<ul>\n<li>\\(P\\) \u2014 home price in dollars (for a refinance, the loan balance being refinanced)<\/li>\n<li>\\(d\\) \u2014 down payment as a percentage of the price (0% is allowed on VA purchase loans)<\/li>\n<li>\\(B\\) \u2014 base loan amount: price minus the down payment<\/li>\n<li>\\(f\\) \u2014 VA funding fee rate (%), set by your down payment, entitlement use and loan type<\/li>\n<li>\\(L\\) \u2014 total VA loan amount, base plus the fee when the fee is financed; if you are exempt or pay the fee in cash, \\(L = B\\) or the fee is 0<\/li>\n<li>\\(r\\) \u2014 monthly interest rate (APR \u00f7 12)<\/li>\n<li>\\(n\\) \u2014 total number of monthly payments (term in years \u00d7 12)<\/li>\n<li>\\(M\\) \u2014 monthly principal &amp; interest<\/li>\n<\/ul>\n<p>The funding fee is a one-time charge, not a monthly cost. The calculator adds monthly property tax, homeowner's insurance and HOA dues to \\(M\\) to produce the total monthly payment.<\/p>\n<p>\r\n<\/section>\n<style id=\"wpcoderpro-inline-459\">.calculation-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section id=\"calculation\" class=\"calculation-box\" aria-labelledby=\"calculation-title\">\r\n\t<div id=\"calculation-title\" class=\"not-prose font-display\"><span class=\"icon icon-unordered-list\" aria-hidden=\"true\"><\/span><h2>VA Loan \u2013 Calculation Example<\/h2><\/div>\r\n\r\n<\/p>\n<p><strong>Example:<\/strong> a veteran using the entitlement for the first time buys a $400,000 home with $0 down at 6.5% APR for 30 years, is not exempt from the funding fee, and finances the 2.15% first-use fee into the loan.<\/p>\n<p>\\[ \\text{fee} = 400{,}000 \\times 0.0215 = 8{,}600 \\]<\/p>\n<p>\\[ L = 400{,}000 + 8{,}600 = 408{,}600 \\]<\/p>\n<p>\\[ M = 408{,}600 \\cdot \\frac{0.00541667\\,(1.00541667)^{360}}{(1.00541667)^{360} - 1} \\approx 2{,}582.64 \\]<\/p>\n<p><strong>Result:<\/strong> a funding fee of $8,600, a total VA loan amount of $408,600, and monthly principal &amp; interest of about $2,582.64. With property tax of $366.67\/mo (1.1% of the price) and homeowner's insurance of $125\/mo, the total monthly payment is roughly $3,074.31, and total interest over 30 years is about $521,150. On the same home an FHA loan would cost about $77 more per month and require $14,000 down instead of $0.<\/p>\n<p>\n\r\n<\/section>\n<h2>How to use the calculator<\/h2>\n<ol>\n<li>Enter the <strong>Home price<\/strong>. For an IRRRL, enter the loan balance being refinanced instead of a purchase price.<\/li>\n<li>Set the <strong>Down payment<\/strong> \u2014 0% is fine on a purchase; the amount you put down determines which funding fee rate applies.<\/li>\n<li>Fill in the <strong>Interest rate (APR)<\/strong> and choose a <strong>Loan term<\/strong> of 15 or 30 years.<\/li>\n<li>Choose the <strong>Loan type<\/strong>: Purchase, Cash-out refinance, or IRRRL (streamline refinance).<\/li>\n<li>Select <strong>VA entitlement use<\/strong> \u2014 First use or Subsequent use. Subsequent use with less than 5% down carries a much higher fee (3.3%).<\/li>\n<li>Tick <strong>Exempt from funding fee<\/strong> if you have a 10%+ disability rating, received a Purple Heart, or are an eligible surviving spouse \u2014 the fee then drops to zero.<\/li>\n<li>Leave <strong>Finance the funding fee<\/strong> checked to roll the fee into the loan, or uncheck it to pay the fee in cash at closing.<\/li>\n<li>Adjust the <strong>VA Funding Fee Rates<\/strong> fields if the VA changes its schedule \u2014 only the rates relevant to your loan type and entitlement use are shown.<\/li>\n<li>Enter the <strong>Property tax rate<\/strong>, <strong>Homeowner's insurance<\/strong> premium and any <strong>HOA dues<\/strong> so the result reflects the full monthly payment.<\/li>\n<\/ol>\n<h2>What a VA loan is and how the funding fee works<\/h2>\n<p>A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs and offered by private lenders to eligible veterans, service members and surviving spouses. Its two headline benefits are that no down payment is required and that no monthly mortgage insurance is charged regardless of how little you put down. FHA and low-down-payment conventional loans, by contrast, add a monthly insurance premium that can add hundreds of dollars to the payment.<\/p>\n<p>In exchange, the VA charges a one-time funding fee at closing. The fee funds the program so the guarantee costs taxpayers nothing, and its rate depends on three things: your down payment (bigger down payments mean lower rates), whether it is your first or subsequent use of the entitlement, and the loan type. A first-time purchase with 0% down currently costs 2.15% of the base loan, subsequent use with less than 5% down costs 3.3%, and an IRRRL streamline refinance costs a flat 0.5%. Most borrowers finance the fee into the loan, which slightly increases the balance and the monthly payment.<\/p>\n<p>Some borrowers pay no fee at all: veterans with a VA disability rating of 10% or higher, Purple Heart recipients, and eligible surviving spouses are exempt. If you are unsure about your rating, the <a href=\"https:\/\/wpcalc.com\/en\/finance\/va-disability-rating-calculator\/\">VA disability rating calculator<\/a> can help you estimate combined ratings from multiple conditions. If you paid a fee and later receive a qualifying rating that is retroactive to before the loan closed, the VA will refund it.<\/p>\n<p>The results table splits your costs the way a lender's estimate does: the funding fee itself, the total loan amount with the fee financed, and monthly principal &amp; interest, plus taxes, insurance and HOA as an escrow-style add-on. The side-by-side FHA comparison, estimated with the same rate and term in our <a href=\"https:\/\/wpcalc.com\/en\/finance\/fha-loan-calculator-payment-with-mip\/\">FHA loan calculator<\/a>, shows the monthly mortgage premium you avoid \u2014 typically the single biggest reason the VA payment comes out lower.<\/p>\n<h2>VA funding fee reference rates<\/h2>\n<table>\n<thead>\n<tr>\n<th>Loan type and entitlement use<\/th>\n<th>&lt;5% down<\/th>\n<th>5\u20139.99% down<\/th>\n<th>10%+ down<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Purchase, first use<\/td>\n<td>2.15%<\/td>\n<td>1.5%<\/td>\n<td>1.25%<\/td>\n<\/tr>\n<tr>\n<td>Purchase, subsequent use<\/td>\n<td>3.3%<\/td>\n<td>1.5%<\/td>\n<td>1.25%<\/td>\n<\/tr>\n<tr>\n<td>Cash-out refinance, first use<\/td>\n<td>2.15% (flat)<\/td>\n<td>\u2014<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>Cash-out refinance, subsequent use<\/td>\n<td>3.3% (flat)<\/td>\n<td>\u2014<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>IRRRL (streamline), any use<\/td>\n<td>0.5% (flat)<\/td>\n<td>\u2014<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>These are the rates preloaded in the calculator; the VA adjusts them periodically, so verify the current schedule before you lock a loan.<\/p>\n<h2>Assumptions and practical tips<\/h2>\n<ul>\n<li><strong>Rates and figures are estimates.<\/strong> The interest rate, tax rate, insurance premium and HOA dues are simplified inputs; your lender's quote and local tax bill control the real numbers. For a better tax estimate, use our <a href=\"https:\/\/wpcalc.com\/en\/finance\/property-tax-calculator\/\">property tax calculator<\/a>.<\/li>\n<li><strong>Closing costs are not included.<\/strong> VA loans limit what the veteran can pay in fees, but appraisal, title and lender charges still exist at closing \u2014 budget for them separately with the <a href=\"https:\/\/wpcalc.com\/en\/finance\/closing-cost-calculator\/\">closing costs calculator<\/a>.<\/li>\n<li><strong>A larger down payment cuts the fee twice.<\/strong> Putting 5% down drops the first-use rate from 2.15% to 1.5%, and 10% down drops it to 1.25% \u2014 while also shrinking the balance itself.<\/li>\n<li><strong>Paying the fee in cash vs. financing it.<\/strong> Financing preserves your cash but you pay interest on the fee for the life of the loan; at 6.5% over 30 years, a financed $8,600 fee adds roughly $56\/mo.<\/li>\n<li><strong>The FHA comparison assumes the same interest rate<\/strong> for both loans, a 3.5% minimum FHA down payment, a financed 1.75% upfront MIP and a typical annual MIP. In practice FHA rates often differ from VA rates, so treat the comparison as a rough benchmark, especially for an IRRRL.<\/li>\n<li><strong>Full entitlement assumed.<\/strong> With full entitlement there is no VA loan limit regardless of home price; borrowers with reduced or bonus entitlement should confirm their remaining entitlement with a lender.<\/li>\n<li><strong>The monthly payment is not the whole cost picture.<\/strong> Compare total interest over the term too, and remember that stronger repayment habits \u2014 modeled in the <a href=\"https:\/\/wpcalc.com\/en\/finance\/mortgage-payoff-calculator-with-extra-payments\/\">mortgage payoff calculator<\/a> \u2014 can cut a VA loan's interest dramatically.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Estimates your full monthly VA loan payment \u2014 principal &#038; interest plus the VA funding fee, property tax, insurance and HOA \u2014 and compares the result side by side with an FHA loan. Enter the home price, rate, term, loan type and entitlement use.<\/p>\n","protected":false},"author":3168,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[30],"class_list":["post-67359","post","type-post","status-publish","format-standard","hentry","category-finance","tag-mortgage"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/users\/3168"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/comments?post=67359"}],"version-history":[{"count":1,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67359\/revisions"}],"predecessor-version":[{"id":67360,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67359\/revisions\/67360"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/media?parent=67359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/categories?post=67359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/tags?post=67359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}