Your numbers
2026 funding fee: first use 2.15% (<5% down), 1.50% (5%+), 1.25% (10%+); subsequent use 3.30% (<5% down), then 1.50%/1.25%. Financed into the loan. Default rate reflects mid-2026 VA pricing (~6.25%). Enter your quote for accuracy.
Your estimated payment
- Principal & interest$0
- Property tax$0
- Home insurance$0
- HOA$0
Estimate only — not a loan offer. The funding fee is financed into the loan unless you pay it in cash or are exempt.
| VA loan summary | |
|---|---|
| Base loan amount | $0 |
| Funding fee (2.15%, financed) | $0 |
| Total loan (base + funding fee) | $0 |
| Down payment | $0 |
| Monthly mortgage insurance | $0 |
What makes this a VA calculator
Two things set a VA payment apart from every other loan — and both are built in above:
- No monthly mortgage insurance. FHA and low-down conventional loans add MI to every payment. VA never does. Notice there's no MI line in the breakdown — that absence is real money saved each month.
- The funding fee, financed and tiered. Instead of MI, VA charges a one-time funding fee that most buyers roll into the loan. The rate depends on your down payment and whether it's your first or subsequent use — and it's $0 if you're exempt. Change those inputs and watch the summary update.
Understanding the VA funding fee
The funding fee is VA's version of mortgage insurance — except it's a one-time charge, not a monthly one. For 2026, a first-use buyer with $0 down pays 2.15% of the loan; putting 5% down drops it to 1.50%, and 10% down to 1.25%. Subsequent use is 3.30% with no down payment, but a 5% down payment erases that penalty back to 1.50%. Most buyers finance it in, so your total loan (and your P&I) is based on the base loan plus the fee — shown in the summary table. Full detail on Requirements.
FAQs
How is the payment calculated?
P&I on the loan plus financed funding fee, plus taxes, insurance, and any HOA. No MI line — VA loans have none.
Does the funding fee get added to my loan?
Usually — most borrowers finance it in rather than pay cash. The calculator does this and shows both base and total loan.
What if I'm exempt?
Toggle the exemption box and the fee drops to $0 — a loan with no down, no MI, and no funding fee.
Why is there no mortgage insurance line?
Because VA loans never charge monthly MI — one of their biggest advantages over FHA and low-down conventional.
Provided by Save Financial, a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766) founded in 2009 and serving all 58 counties from offices in Newport Beach and Marina del Rey.