Who is eligible for a VA loan?

Veterans with sufficient service, active-duty members (90+ days wartime or 181+ days peacetime), National Guard/Reserve members with 6 years of service, and unremarried surviving spouses of veterans who died in service.

What is the VA funding fee?

The funding fee is a one-time charge that funds the VA loan program. First-time use: 2.3% with 0% down, 1.65% with 5–9.99% down, 1.4% with 10%+ down. Subsequent use: 3.6% with 0% down. Veterans with a service-connected disability rating are exempt.

Can I avoid the funding fee?

Yes, if you receive VA compensation for a service-connected disability, you are rated as eligible for compensation but receive retirement pay instead, or you are a surviving spouse of a veteran who died in service or from a service-connected disability.

Does a VA loan require a down payment?

No, VA loans allow 100% financing. However, making a down payment of 5% or 10% reduces your funding fee and lowers your monthly payment.

Is there a VA loan limit?

As of 2020, there are no VA loan limits for eligible borrowers with full entitlement. Limits still apply for borrowers with reduced entitlement. Lenders may still impose their own limits based on debt-to-income ratios.

Finance

↵ to calculate

VA Mortgage Calculator - VA Loan Payment No Down Online

Calculate your VA loan monthly payment, funding fee, and total loan amount with no PMI required.

✨

How to use this calculator

👉 Fill in the boxes below and your answer appears instantly — no maths needed, we do it all for you! 🎉

👶

In plain English — what does this do?

🏠 You want to buy something big (like a house or car) but you don’t have all the money right now. A bank gives you the money today, and you pay it back little by little every month. This tool tells you ‘how much do I pay each month?’

📌 Direct Answer & Summary

A VA mortgage calculator estimates monthly payments for VA home loans, available to eligible veterans, active-duty service members, and surviving spouses. VA loans require no down payment and no private mortgage insurance (PMI), but do include a one-time VA funding fee that can be financed into the loan.

Home Price ($)

Down Payment ($)

Annual Interest Rate (%)

Loan Term (years)

Funding Fee Type

What is VA Mortgage Calculator - VA Loan Payment No Down Online?

How to use it

1️⃣ Enter the home price.
2️⃣ Enter your down payment (VA loans allow 0% down).
3️⃣ Enter the annual interest rate.
4️⃣ Select the loan term.
5️⃣ Choose your funding fee type based on your usage and disability status.
6️⃣ See your monthly payment, funding fee, and total loan amount.

Formula

Funding fee is added to the loan: total loan = (price − down) + funding fee. Monthly payment uses standard amortization: P × r(1+r)ⁿ / [(1+r)ⁿ − 1]. No PMI is applied.

💡 See it in action — a real example

A $350,000 home with 0% down at 6.75% for 30 years, first-time VA use: loan = $350,000 + $8,050 (2.3%) = $358,050. Monthly payment ≈ $2,321.

❓ Common questions

Who is eligible for a VA loan?: Veterans with sufficient service, active-duty members (90+ days wartime or 181+ days peacetime), National Guard/Reserve members with 6 years of service, and unremarried surviving spouses of veterans who died in service.
What is the VA funding fee?: The funding fee is a one-time charge that funds the VA loan program. First-time use: 2.3% with 0% down, 1.65% with 5–9.99% down, 1.4% with 10%+ down. Subsequent use: 3.6% with 0% down. Veterans with a service-connected disability rating are exempt.
Can I avoid the funding fee?: Yes, if you receive VA compensation for a service-connected disability, you are rated as eligible for compensation but receive retirement pay instead, or you are a surviving spouse of a veteran who died in service or from a service-connected disability.
Does a VA loan require a down payment?: No, VA loans allow 100% financing. However, making a down payment of 5% or 10% reduces your funding fee and lowers your monthly payment.
Is there a VA loan limit?: As of 2020, there are no VA loan limits for eligible borrowers with full entitlement. Limits still apply for borrowers with reduced entitlement. Lenders may still impose their own limits based on debt-to-income ratios.

⚡ Related Finance Tools & Calculators

FHA Loan Calculator Down Payment Calculator Amortization Schedule