Handeware
Money

Monthly payment

$2,582.63
Funding fee rate
2.15%
Funding fee
$8,600.00
Loan amount
$408,600.00
Cash needed up front
$0.00
Total of all payments
$929,746.78
Total interest
$521,146.78
See every row
MonthInterestPrincipalBalance

This is arithmetic for general information, not financial advice.

Uses the VA funding fee rates in effect since April 2023, as published by the U.S. Department of Veterans Affairs. Re-checked in November 2026.

VA Loan Calculator

See the monthly payment on a VA home purchase loan, with the VA funding fee added in. This is an unofficial estimate built from published rules. The real fee rates and rules are published by the U.S. Department of Veterans Affairs on its home loans pages, and your lender gives the final numbers.

Pick whether this is your first use of the benefit, whether you are exempt from the fee, and whether you roll the fee into the loan. The page shows the fee, the loan, the payment and every month of the schedule.

How it works

The funding fee is a percent of the loan before the fee. For a purchase loan, a first use is 2.15% with under 5% down, 1.5% with 5% up to 10% down, and 1.25% with 10% or more down. For later use it is 3.3% with under 5% down, and the same 1.5% and 1.25% above that. Some people are exempt, such as those who receive VA disability compensation, and then the fee is zero.

If you roll the fee in, it is added to the loan. The monthly payment uses the standard loan formula: loan × r ÷ (1 − (1 + r)^−n), where r is the yearly rate divided by 12 and n is the number of months. Property tax, home insurance and any association dues are not included.

Worked example

A $400,000.00 home with 0% down leaves a loan of $400,000.00. The funding fee is 2.15%, which is $8,600.00. With the fee rolled in, the loan is $408,600.00. At 6.5% for 30 years, the payment is $2,582.63 a month. Over the whole loan you pay $929,746.78, of which $521,146.78 is interest.

Questions

Do I have to pay the funding fee?

Some people do not. This includes veterans who receive VA compensation for a service-connected disability, and certain surviving spouses. Choose the exempt option to see the payment without the fee.

Why does a bigger down payment lower the fee?

The published rates step down as the down payment grows: one rate under 5%, a lower one from 5%, and the lowest from 10%. Try a few down payments to see where the steps fall.

What is left out of this payment?

Property tax, home insurance, any association dues and closing costs. The rates for refinance loans differ from the ones used here, so this page covers purchase loans only.

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