The complete VA payment — funding fee, taxes, and insurance included. Zero down, no PMI. Free, no sign-up.
Calculate my VA payment →If you're a veteran, active-duty service member, or an eligible surviving spouse, the VA loan is a benefit you earned — and it's a big one: zero down payment required, no monthly mortgage insurance at all, and rates that are typically as good or better than conventional loans. On a $350,000 home, skipping PMI alone can save $150–$250 every month compared to a low-down-payment conventional loan.
Most VA borrowers pay a one-time funding fee instead of monthly insurance. It's 2.15% of the loan on first use with nothing down (3.30% on subsequent use), dropping to 1.50% with 5–10% down and 1.25% with 10%+ down. It's usually financed into the loan rather than paid in cash. And here's the part many lenders forget to mention: veterans with a service-connected disability rating are exempt from the fee entirely — our calculator has a checkbox for exactly that.
No. VA loans allow 100% financing — zero down. A down payment does lower the funding fee (1.50% at 5–10% down, 1.25% at 10%+) and your monthly payment, but it's optional.
No. VA loans have no monthly mortgage insurance regardless of down payment — one of the biggest advantages over conventional and FHA loans.
Veterans receiving (or eligible to receive) VA disability compensation for a service-connected condition, and eligible surviving spouses. The exemption saves thousands — make sure your lender applies it.
Yes. The benefit is reusable. The funding fee rises to 3.30% on subsequent zero-down uses, which our calculator models with the first-use toggle.