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Your VA loan payment with the right funding fee and no PMI.
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VA Mortgage Calculator
VA loan payment with the current funding fee
Of the home price (or loan amount when refinancing).
Monthly payment
$2,974.76
$2,449.76 principal and interest
- Base loan amount
- $400,000.00
- VA funding feeAdded to the loan
- $8,600.00 (2.15%)
- Total loan amount
- $408,600.00
- Property tax
- $400.00
- Home insurance
- $125.00
- Total interest
- $473,314.84
- Total of 360 payments
- $881,914.84
Funding fee rates as of 2026 (VA table effective April 7, 2023). Purchase: 2.15% first use or 3.3% after (under 5% down), 1.5% with 5% down, 1.25% with 10% down. Cash-out: 2.15% / 3.3%. IRRRL: 0.5%. VA loans have no PMI.
- Principal and interest$2,450
- Property tax$400.00
- Insurance$125.00
- Balance
- Interest paid
- Principal paid
| Period | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| Year 1 | $29,397.16 | $24,379.51 | $5,017.66 | $403,582.34 |
| Year 2 | $29,397.16 | $24,070.03 | $5,327.13 | $398,255.21 |
| Year 3 | $29,397.16 | $23,741.46 | $5,655.70 | $392,599.51 |
| Year 4 | $29,397.16 | $23,392.63 | $6,004.53 | $386,594.98 |
| Year 5 | $29,397.16 | $23,022.28 | $6,374.88 | $380,220.10 |
| Year 6 | $29,397.16 | $22,629.10 | $6,768.07 | $373,452.04 |
| Year 7 | $29,397.16 | $22,211.66 | $7,185.51 | $366,266.53 |
| Year 8 | $29,397.16 | $21,768.47 | $7,628.69 | $358,637.84 |
| Year 9 | $29,397.16 | $21,297.95 | $8,099.21 | $350,538.63 |
| Year 10 | $29,397.16 | $20,798.41 | $8,598.75 | $341,939.87 |
| Year 11 | $29,397.16 | $20,268.05 | $9,129.11 | $332,810.77 |
| Year 12 | $29,397.16 | $19,704.99 | $9,692.17 | $323,118.60 |
| Year 13 | $29,397.16 | $19,107.20 | $10,289.96 | $312,828.63 |
| Year 14 | $29,397.16 | $18,472.54 | $10,924.62 | $301,904.01 |
| Year 15 | $29,397.16 | $17,798.73 | $11,598.43 | $290,305.58 |
| Year 16 | $29,397.16 | $17,083.36 | $12,313.80 | $277,991.78 |
| Year 17 | $29,397.16 | $16,323.88 | $13,073.28 | $264,918.50 |
| Year 18 | $29,397.16 | $15,517.54 | $13,879.62 | $251,038.88 |
| Year 19 | $29,397.16 | $14,661.48 | $14,735.68 | $236,303.20 |
| Year 20 | $29,397.16 | $13,752.62 | $15,644.55 | $220,658.65 |
| Year 21 | $29,397.16 | $12,787.69 | $16,609.47 | $204,049.19 |
| Year 22 | $29,397.16 | $11,763.26 | $17,633.90 | $186,415.28 |
| Year 23 | $29,397.16 | $10,675.64 | $18,721.52 | $167,693.76 |
| Year 24 | $29,397.16 | $9,520.94 | $19,876.23 | $147,817.54 |
| Year 25 | $29,397.16 | $8,295.01 | $21,102.15 | $126,715.39 |
| Year 26 | $29,397.16 | $6,993.48 | $22,403.68 | $104,311.71 |
| Year 27 | $29,397.16 | $5,611.67 | $23,785.49 | $80,526.21 |
| Year 28 | $29,397.16 | $4,144.63 | $25,252.53 | $55,273.68 |
| Year 29 | $29,397.16 | $2,587.11 | $26,810.05 | $28,463.64 |
| Year 30 | $29,397.16 | $933.53 | $28,463.64 | $0.00 |
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How the va mortgage calculator works
VA loans need no down payment and no monthly mortgage insurance. Instead there's a one-time funding fee, set by the VA as a percentage of the loan. It depends on the down payment, whether you've used a VA loan before, and the loan purpose. Most borrowers add it to the loan.
Veterans receiving VA disability compensation, Purple Heart recipients on active duty and some surviving spouses are exempt from the fee.
The monthly payment is principal and interest on the total loan, plus property tax, insurance and HOA dues.
Using and checking your result
Published by JustYourCalculator. Check the units and assumptions above, and compare a known example before relying on the output. Calculations use browser arithmetic and may round displayed values.
This is an educational estimate, not a lender quote, tax filing calculation or investment recommendation. Actual costs depend on current rules, fees and your circumstances. Verify important decisions with official sources and a qualified adviser.
Share links may contain your input values. Anyone with the URL can read them; avoid sharing sensitive personal or financial information.
Primary references and further reading
- VA: funding fees, exemptions and closing costs
- CFPB: comparing mortgages and understanding loan estimates
Reference links help you check assumptions; they do not mean the publisher has reviewed or endorsed this calculator.