VA Loan Calculator

Calculate your estimated VA loan payment with no down payment and no PMI. See how much you could save with a VA mortgage compared to conventional financing.

Last updated February 27, 2026

$350,000
20% ($70,000)
6.500%

Estimated Monthly Payment

$1,770

Principal & Interest Only

Loan Amount$280,000
Total Interest$357,125
Total Cost$637,125
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How the VA Loan Calculator Works

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VA Loan Benefits

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VA Funding Fee Explained

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Frequently Asked Questions

Do VA loans require a down payment?

No. VA loans offer 100% financing with zero down payment required. This is one of the biggest advantages of the VA loan benefit.

Is there PMI on a VA loan?

No. VA loans do not require private mortgage insurance (PMI), which can save you hundreds of dollars per month compared to conventional loans with less than 20% down.

What is the VA funding fee?

The VA funding fee is a one-time fee that helps fund the VA loan program. It ranges from 1.25% to 3.3% depending on your down payment and whether it's your first VA loan. Some veterans are exempt.

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