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VA Loan Calculator

Zero-down payment estimate, 2026 funding fee by use and down payment, PMI savings, and a VA versus conventional 20% down comparison.

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Quick Answer

A VA payment estimate excludes monthly mortgage insurance entirely, since VA loans do not carry PMI at any loan-to-value, but it should include the one-time funding fee if it is being financed into the loan. The financed funding fee increases the loan balance and therefore the monthly payment. Funding fee percentage depends on transaction type, prior use, and down payment, and exempt veterans pay none.

Estimated monthly payment

$5,555

Principal & interest
$4,717
Property taxes
$688
Home insurance
$150
HOA
$0
Down payment
$0
VA funding fee
$16,125 (2.15%)
Total financed
$766,125

Estimates only. Not a commitment to lend, quote, or loan approval. Actual payment depends on credit, property, and lender underwriting. Cascada Mortgage Advisors, Inc. DBA HomeFlow is a licensed mortgage broker, not a direct lender.

Frequently Asked Questions

It is a percentage of the base loan amount determined by whether it is your first or a subsequent use and by your down payment: 2.15% first use with zero down, 3.3% subsequent use with zero down, 1.5% with 5% down, and 1.25% with 10% down.

Veterans receiving compensation for a service-connected disability are exempt, as are certain surviving spouses. The exemption appears on your Certificate of Eligibility.

On a low-down-payment conventional loan, PMI commonly runs 0.3% to 1.1% of the loan amount annually. On a $700,000 loan that is roughly $175 to $640 per month that a VA borrower does not pay.

Yes. The funding fee is normally added to the loan amount rather than paid in cash at closing, which is why a zero-down VA loan can exceed the purchase price slightly.

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