MasterTool

VA Loan Calculator

Calculate va loan from your own entered figures.

VA funding fee and loan closing costs (va.gov) — purchase/construction rates in effect since April 7, 2023 last updated · reference source

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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.

Dated static reference; no live data is fetched. Verify current source values and assumptions before relying on results.

What this tool does

Calculate va loan from your own entered figures. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.

How to use the VA Loan Calculator

  1. Enter or select home price.
  2. Enter or select down payment.
  3. Enter or select interest rate (%).
  4. Enter or select loan term (years).
  5. Enter or select va loan use.
  6. Enter or select funding-fee exempt?.
  7. Read the calculated result; change any measurement to compare alternatives.

Formula

funding fee = loan amount × the VA table rate for your use and down-payment band, financed into the loan; VA loans charge no monthly mortgage insurance
price
Home price
down
Down payment
rate
Interest rate (%)
termYears
Loan term (years)
use
VA loan use
exempt
Funding-fee exempt?

Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.

Worked example

For va loan calculator, the following measurements illustrate the exact method: Home price: 400000; Down payment: 0; Interest rate (%): 6; Loan term (years): 30; VA loan use: first; Funding-fee exempt?: no.

Inputs

  • Home price$400000
  • Down payment$0
  • Interest rate (%)6 %
  • Loan term (years)30
  • VA loan useFirst use
  • Funding-fee exempt?No

Result

  • Monthly principal & interest$2,449.76
  • VA funding fee (financed)$8,600.00
  • Funding fee rate2.15%
  • Base loan amount$400,000.00
  • Total loan amount$408,600.00
  • Total interest$473,314.84
  • Monthly mortgage insuranceNone — VA loans never charge monthly MI

Results explained

Monthly principal & interest
Monthly principal & interest from the formula above. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.
VA funding fee (financed)
VA funding fee (financed) from the formula above. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.
Funding fee rate
Funding fee rate from the formula above. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.
Base loan amount
Base loan amount from the formula above. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.
Total loan amount
Total loan amount from the formula above. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.
Total interest
Total interest from the formula above. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.
Monthly mortgage insurance
Monthly mortgage insurance from the formula above. Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.

Frequently asked questions

funding fee = loan amount × the VA table rate for your use and down-payment band, financed into the loan; VA loans charge no monthly mortgage insurance

Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.

No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.

This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.

Check period consistency, currency, percentage inputs and the assumptions: Funding-fee rates are the VA's published purchase/construction table (in effect since April 7, 2023) stored in the dated loan-programs data file. Cash-out refinance (2.15% first use / 3.3% after) and IRRRL (0.5%) rates differ and are listed in the reference data; entitlement limits are not modeled.