VA Loan Calculator 2026 — No Down Payment & Funding Fee
Calculate VA loan payments with funding fee for eligible veterans and service members. No down payment, no PMI required. Free, instant results for 2026 rates.
By Konstantin Iakovlev · Updated April 2026 · Source: CFPB — Owning a Home
Monthly Payment (VA)
$2,589.38
VA Funding Fee
$7,525.00
No PMI Savings
$145.83/mo
VA Loan Details
| Home Price | $350,000.00 |
| Down Payment (0.0%) | $0.00 |
| Base Loan Amount | $350,000.00 |
| VA Funding Fee (2.15%) | + $7,525.00 |
| Total Loan Amount | $357,525.00 |
| Monthly P&I | $2,143.54 |
| Property Tax | $320.83 |
| Homeowners Insurance | $125.00 |
| PMI | None (VA benefit) |
| Total Monthly Payment | $2,589.38 |
| Total Interest Over Loan Life | $414,150.49 |
VA vs Conventional Comparison
VA Loan
Monthly: $2,589.38
Loan: $357,525.00
PMI: None
Funding Fee: $7,525.00
Conventional Loan
Monthly: $2,690.09
Loan: $350,000.00
PMI: $145.83/mo for ~150 months
Funding Fee: None
VA loan saves $100.72/mo compared to conventional
Use the VA Loan Calculator 2026 — No Down Payment & Funding Fee above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How It Works
Eligible veterans and active service members can estimate a monthly mortgage payment here without putting any money down, with the VA funding fee already worked into the figure. The projection draws on current 2026 rate estimates so you get a grounded sense of what owning a home would cost month to month.
For the underlying math, the tool assumes the estimated 2026 average VA loan interest rate of 6.25% on a 30-year fixed term. The VA funding fee runs 2.15% for a first-time borrower making no down payment, and that amount is folded into the loan balance before the payment is amortized. National averages stand in for property taxes and homeowner's insurance.
One advantage of a VA loan is that it carries no PMI, but the funding fee is a one-time charge you'll either pay upfront or finance into the loan. Getting pre-approved pins down your real borrowing power, and because rates move from week to week, it pays to compare offers from several lenders before you commit.
Example: $350,000 Home Purchase
- 1 Input a home purchase price of $350,000. Assume this is your first VA loan and you're not exempt from the funding fee.
- 2 The calculator adds a 2.15% funding fee ($7,525) to the loan, making the total loan amount $357,525. Using a 6.25% interest rate over 30 years, it then calculates the principal and interest payment. Estimated property taxes (1% annually) and homeowner's insurance ($1,200 annually) are added.
- 3 Your estimated monthly payment for principal and interest would be $2,197.80. Adding estimated property taxes of $291.67 and homeowner's insurance of $100, your total estimated monthly payment is $2,589.47.
- 4 This example demonstrates how the VA funding fee impacts your total loan amount and subsequent monthly payments. While no down payment is required, understanding the funding fee helps in budgeting for your home purchase in 2026.
Source: CFPB — Owning a Home · Last updated: April 2026
Frequently Asked Questions
What is the VA loan funding fee for 2026?
Do VA loans require a down payment or PMI?
Who qualifies for a VA home loan?
You might also need
Mortgage Calculator 2026 — Payment, Amortization & PMI
Calculate your monthly mortgage payment with taxes, insurance, PMI, and HOA. View full amortization schedule. Free, instant results based on current rates.
FHA Loan Calculator 2026 — MIP, Down Payment & Limits
Calculate FHA loan payments including upfront MIP (1.75%) and annual MIP premiums. See when MIP drops off. Free, instant results based on 2026 FHA limits.
Home Affordability Calculator — How Much House Can You Afford?
Find out how much house you can afford based on income, debts, down payment, and current mortgage rates. Free, instant results with DTI ratio breakdown.