# VA loan calculator

> VA loan payment with the VA funding fee from the current table (first or later use, by down payment), the financed loan amount, taxes and insurance.

交互版本：https://www.calcopenly.com/zh/finance/va-loan-calculator
主题：财务计算器

A VA purchase loan needs no down payment and no monthly mortgage insurance; most borrowers pay a one-time funding fee instead. The fee is a percentage of the loan from VA's table: 2.15% with less than 5% down on first use and 3.3% on later use, falling to 1.5% with 5% down and 1.25% with 10% down. It can be added to the loan, and veterans receiving VA disability compensation, among others, pay nothing.

With the defaults, a 400,000 home bought with nothing down on first use carries a funding fee of 8,600. Financed, it takes the loan to 408,600; principal and interest at 6.25% over 30 years are 2,515.82, or 3,007.49 a month with property tax and insurance.

Veterans with full entitlement have no VA loan limit, as long as they can afford the loan and the appraisal supports the price. With partial entitlement the lender may ask for a down payment, which this calculator does not work out.

## 输入

- **Home price**
- **Enter down payment as** (选项：Percent of price, Amount)
- **首付款**: The funding fee falls at 5% and at 10% down.
- **首付款**: The funding fee falls at 5% and at 10% down.
- **VA loan use**: Later use costs more only with less than 5% down. (选项：First use, Used before)
- **Exempt from the funding fee**: For example, veterans receiving VA compensation for a service-connected disability, surviving spouses receiving DIC, and active-duty Purple Heart recipients (VA).
- **Add the funding fee to the loan**
- **Interest rate (per year)**
- **Loan term**
- **Property tax (per year, of home price)**
- **Homeowners insurance (per year)**
- **HOA dues (per month)**

## 结果

- Total monthly payment — 主要结果
- Principal and interest
- Property tax per month
- Insurance per month
- Funding fee rate
- VA funding fee
- Loan before the fee
- Total loan amount
- 首付款
- Down payment and fee paid in cash
- Loan-to-value with the fee
- Total interest
- Interest paid on the financed fee

## 公式

$$
F = f\times L,\quad T = L + F,\quad M = \frac{T\,r\,(1+r)^n}{(1+r)^n-1}
$$

## 计算示例

### 400k, nothing down, first use

- Home price: 400,000
- Enter down payment as: Percent of price
- 首付款: 0%
- VA loan use: First use
- Exempt from the funding fee: 否
- Add the funding fee to the loan: 是
- Interest rate (per year): 6.25%
- Loan term: 30 years
- Property tax (per year, of home price): 1.1%
- Homeowners insurance (per year): 1500
- HOA dues (per month): 0
- **Funding fee rate: 2.15%**
- **VA funding fee: 8,600.00**
- **Total loan amount: 408,600.00**
- **Principal and interest: 2,515.82**
- **Total monthly payment: 3,007.49**
- **Interest paid on the financed fee: 10,462.60**
- 核验来源：VA funding fee table (2.15%, first use, under 5% down); Python decimal annuity on 408,600 at 6.25%/12 over 360 months; fee interest = 497,095.37 − 486,632.77

### Later use, nothing down

- Home price: 400,000
- Enter down payment as: Percent of price
- 首付款: 0%
- VA loan use: Used before
- Interest rate (per year): 6.25%
- Loan term: 30 years
- Property tax (per year, of home price): 1.1%
- Homeowners insurance (per year): 1500
- HOA dues (per month): 0
- **Funding fee rate: 3.30%**
- **VA funding fee: 13,200.00**
- **Total loan amount: 413,200.00**
- **Principal and interest: 2,544.14**
- 核验来源：VA funding fee table (3.3% after first use, under 5% down); Python decimal annuity

### Exactly 5% down on later use

- Home price: 350,000
- Enter down payment as: Percent of price
- 首付款: 5%
- VA loan use: Used before
- Interest rate (per year): 6%
- Loan term: 30 years
- Property tax (per year, of home price): 1.1%
- Homeowners insurance (per year): 1500
- HOA dues (per month): 0
- **Funding fee rate: 1.50%**
- **VA funding fee: 4,987.50**
- **Total loan amount: 337,487.50**
- **Principal and interest: 2,023.41**
- 核验来源：VA funding fee table: '5% or more' is 1.5% for first and later use; 1.5% × 332,500 = 4,987.50; Python decimal annuity

### 10% down on a 15-year loan

- Home price: 300,000
- Enter down payment as: Amount
- 首付款: 30,000
- VA loan use: First use
- Interest rate (per year): 5.5%
- Loan term: 15 years
- Property tax (per year, of home price): 1.1%
- Homeowners insurance (per year): 1500
- HOA dues (per month): 0
- **Funding fee rate: 1.25%**
- **VA funding fee: 3,375.00**
- **Total loan amount: 273,375.00**
- **Principal and interest: 2,233.70**
- **Total monthly payment: 2,633.70**
- 核验来源：VA funding fee table (1.25% at 10% or more down); Python decimal annuity on 273,375 at 5.5%/12 over 180 months

### Exempt veteran

- Home price: 400,000
- Enter down payment as: Percent of price
- 首付款: 0%
- VA loan use: First use
- Exempt from the funding fee: 是
- Interest rate (per year): 6.25%
- Loan term: 30 years
- Property tax (per year, of home price): 1.1%
- Homeowners insurance (per year): 1500
- HOA dues (per month): 0
- **VA funding fee: 0.00**
- **Total loan amount: 400,000.00**
- **Principal and interest: 2,462.87**
- **Interest paid on the financed fee: 不适用**
- 核验来源：VA: veterans receiving service-connected disability compensation pay no funding fee; Python decimal annuity on 400,000

### Just under 5% down (4.99%)

- Home price: 400,000
- Enter down payment as: Amount
- 首付款: 19,960
- VA loan use: First use
- Interest rate (per year): 6.25%
- Loan term: 30 years
- Property tax (per year, of home price): 1.1%
- Homeowners insurance (per year): 1500
- HOA dues (per month): 0
- **Funding fee rate: 2.15%**
- **VA funding fee: 8,170.86**
- **Total loan amount: 388,210.86**
- **Down payment and fee paid in cash: 19,960.00**
- 核验来源：VA funding fee table: 19,960 is 4.99% of the price, below the 5% tier, so 2.15% × 380,040 = 8,170.86

## 常见问题

### How much is the VA funding fee in 2026?

For a purchase loan it is 2.15% of the loan with less than 5% down on first use, and 3.3% on any later use. With 5% or more down it is 1.5%, and with 10% or more 1.25%, whatever the use. These rates have applied since April 7, 2023 (VA). On a 400,000 loan with nothing down, first use costs 8,600 and later use 13,200.

### Who is exempt from the VA funding fee?

You pay no fee if you receive VA compensation for a service-connected disability, or are eligible for it but draw retirement or active-duty pay instead. Surviving spouses receiving Dependency and Indemnity Compensation are exempt, as are service members with a proposed or memorandum rating before closing and active-duty members who received a Purple Heart. The exemption saves 8,600 on a 400,000 first-use loan.

### Can you roll the VA funding fee into the loan?

Yes. On a purchase loan the funding fee is the only cost you can finance; you can also pay it in cash at closing (VA). Financing the 8,600 fee on a 400,000 loan at 6.25% for 30 years adds 52.95 to the monthly payment and 10,462.60 of interest over the term.

### Does a down payment lower the VA funding fee?

Yes, twice: the rate falls and it applies to a smaller loan. On a 400,000 home on first use, nothing down costs 2.15% of 400,000, or 8,600. Putting 5% (20,000) down cuts the rate to 1.5% of 380,000, or 5,700; 10% down gives 1.25% of 360,000, or 4,500. On later use, 5% down cuts the rate from 3.3% to 1.5%.

### Do VA loans have PMI or a loan limit?

No PMI or FHA-style mortgage insurance premium is charged on a VA loan. Borrowers with full entitlement have no VA loan limit, as long as they can afford the loan and the appraisal supports the price. With partial entitlement, most lenders want your entitlement and down payment together to cover 25% of the loan (VA).

### “VA loan calculator”有多准确？

准确性取决于输入值和方法的假设。十进制运算使用50位有效数字，但估算、数值方法和源数据的精度可能较低；显示时的舍入并不能消除这些限制。 已按独立来源核验的计算示例：6。 例如，“400k, nothing down, first use”根据VA funding fee table (2.15%, first use, under 5% down); Python decimal annuity on 408,600 at 6.25%/12 over 360 months; fee interest = 497,095.37 − 486,632.77进行核验。

### 这种方法出自哪里？

U.S. Department of Veterans Affairs — VA funding fee and loan closing costs (rates effective April 7, 2023); U.S. Department of Veterans Affairs — VA home loan limits; U.S. Department of Veterans Affairs — VA-backed purchase loan.

## 来源

- [U.S. Department of Veterans Affairs — VA funding fee and loan closing costs (rates effective April 7, 2023)](https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/)
- [U.S. Department of Veterans Affairs — VA home loan limits](https://www.va.gov/housing-assistance/home-loans/loan-limits/)
- [U.S. Department of Veterans Affairs — VA-backed purchase loan](https://www.va.gov/housing-assistance/home-loans/loan-types/purchase-loan/)

_仅用于规划。贷款机构、税务机关和市场采用各自的舍入方式、费用和规则；作出承诺前，请向相关机构确认数值。_