How much is the VA funding fee?

For purchases, the fee is commonly 2.15% of the loan for first use with less than 5% down, 1.5% with 5% to under 10% down, and 1.25% with 10% or more. Subsequent use with less than 5% down is 3.3%. The VA sets these rates and can change them.

Do VA loans have a loan limit?

Borrowers with full entitlement have no VA loan limit, though lenders still review income and credit. If part of your entitlement is tied up in another VA loan, county limits can affect how much you can borrow with no money down.

Does a VA loan really need no down payment?

Eligible borrowers with full entitlement can buy with 0% down. Putting 5% or more down lowers the funding fee, and any down payment reduces the loan and the payment.

All calculators · Buying a home

VA Loan Calculator

VA loans let eligible veterans and service members buy with no down payment and no monthly mortgage insurance. The main extra cost is the one-time funding fee, which most borrowers finance.

Estimated VA payment

$5,915

On a $817,200 total loan at 6.25% for 30 years. No monthly mortgage insurance.

Principal and interest85%
Property tax12%
Insurance3%

Down payment (0.0%): $0
Base loan amount: $800,000
Funding fee (2.15%, financed): $17,200
Total loan with funding fee: $817,200
Principal and interest: $5,032
Property tax: $733
Homeowners insurance: $150
Mortgage insurance: None
Total monthly payment: $5,915

Putting 5% down would lower the funding fee to 1.5%, about $5,800 less in fees on this home.

Check my VA options (949) 774-9599

Down payment	First use	Subsequent use	Your fee
Less than 5%	2.15%	3.30%	2.15% = $17,200
5% to under 10%	1.50%	1.50%
10% or more	1.25%	1.25%

Estimates for illustration only, not a loan offer or a commitment to lend. Rates, taxes, insurance and program rules vary; our team will confirm exact figures for your situation.

How this calculator works.

The funding fee depends on your down payment and whether you have used your VA benefit before. The calculator applies the fee table in the schedule below to the base loan and adds it to the loan amount.

Veterans receiving VA compensation for a service-connected disability, and some surviving spouses and Purple Heart recipients on active duty, are exempt from the funding fee. Turn on the exemption to remove it.

Principal and interest are calculated on the total loan including the financed fee. Property tax, insurance and HOA dues are added to show the full monthly payment. There is no monthly mortgage insurance on a VA loan.

Total loan = (price − down) × (1 + funding fee %). Payment = P&I on total loan + tax + insurance + HOA.