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.
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
Our VA Loan Calculator for 2026 helps eligible veterans and service members estimate their monthly mortgage payments, including the VA funding fee, without the need for a down payment. Get a clear picture of your future homeownership costs with current estimated 2026 interest rates.
The calculation uses the estimated 2026 average VA loan interest rate of 6.25% for a 30-year fixed loan. The VA funding fee, which is 2.15% for first-time use with no down payment, is added to the loan amount before amortization. Property taxes and homeowner's insurance are estimated based on national averages.
Remember that while VA loans don't require PMI, the funding fee is a one-time cost that can be financed. Always get pre-approved to understand your exact borrowing power and shop around for the best interest rates, as they can fluctuate.
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?
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