Loan Details
0% down — VA allows $0 down
VA Funding Fee
Exempt veterans pay $0 funding fee.
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How to Use This VA Loan Calculator
Enter your home price, down payment (VA loans allow 0% down), and interest rate. Select your loan term and service type — the calculator automatically applies the correct VA funding fee rate. Check the disability exemption box if you receive VA disability compensation at 10% or higher to waive the funding fee entirely.
VA Funding Fee Rates (2026)
| Use | 0% Down | 5–9.99% | 10%+ Down |
|---|---|---|---|
| First Use — Regular Military | 2.15% | 1.50% | 1.25% |
| Subsequent Use — Regular Military | 3.30% | 1.50% | 1.25% |
| First Use — Reserves / Guard | 2.40% | 1.75% | 1.50% |
| Subsequent Use — Reserves / Guard | 3.30% | 1.75% | 1.50% |
VA Loan Benefits vs. Conventional
- No down payment required — Eligible veterans can buy with $0 down
- No private mortgage insurance (PMI) — Saves $100–$200/month vs. conventional loans
- Competitive interest rates — Typically 0.25–0.5% lower than conventional
- No prepayment penalty — Pay off early with no fees
- Assumable loans — A buyer can take over your VA loan at your original rate
- Easier qualification — More flexible credit and debt-to-income requirements
Frequently Asked Questions
What is the VA funding fee?
The VA funding fee is a one-time charge paid to the Department of Veterans Affairs to sustain the VA home loan program. It ranges from 1.25% to 3.3% of the loan amount depending on your service type, down payment, and whether it's your first VA loan.
Who is exempt from the VA funding fee?
Veterans receiving VA disability compensation at a rating of 10% or higher are exempt from paying the VA funding fee. Surviving spouses of veterans who died in service or from a service-connected disability are also exempt.
Can I use a VA loan with no down payment?
Yes. One of the most significant benefits of the VA loan program is the ability to purchase a home with zero down payment, provided the purchase price does not exceed the appraised value of the home.
How does a VA loan differ from a conventional loan?
VA loans offer no down payment requirement, no private mortgage insurance (PMI), competitive interest rates typically 0.25–0.5% lower than conventional, and no prepayment penalties. They are available only to eligible veterans, active-duty service members, and surviving spouses.
What is a good interest rate for a VA loan in 2026?
VA loan interest rates in 2026 typically range from 6.0% to 7.5% for a 30-year fixed loan, depending on credit score, lender, and market conditions. VA rates are generally 0.25–0.5% lower than comparable conventional loans.
Can I roll the VA funding fee into my loan?
Yes. Most borrowers roll the VA funding fee into the loan amount rather than paying it upfront. This increases your monthly payment slightly but avoids a large out-of-pocket expense at closing.