Estimate a VA-backed mortgage payment and see how the funding fee, exemption status and down payment affect the financed amount.
Planning estimate only. VA eligibility, entitlement, exemption and lender costs must be confirmed through VA and the lender.
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Estimated initial VA monthly payment
$3,107.63
VA rate table effective April 7, 2023; reviewed 2026-09-11. Confirm exemption and loan-specific costs with VA and the lender. This does not determine eligibility, entitlement or approval.
Select the VA funding-fee rate from use and 0.00% down.
Add a financed fee to principal, then amortize the loan at the entered fixed rate.
Add entered property tax, home insurance and HOA to the monthly payment. VA loans do not use monthly mortgage insurance.
The rate depends on whether this is first or subsequent use and whether the down payment is below 5%, at least 5%, or at least 10%. An eligible exemption makes the modeled fee zero.
On a $400,000 first-use purchase with no down payment and no exemption, the 2.15% funding fee is $8,600. Financing it raises the modeled principal to $408,600.
VA-backed loans do not use monthly mortgage insurance. A one-time funding fee may apply unless the borrower qualifies for an exemption.
Last updated . Results are estimates for informational purposes only.