Calculate VA loan payments including the VA Funding Fee. VA loans allow eligible veterans and service members to buy homes with 0% down and no PMI.
VA Loan Details
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🎖️ VA Funding Fee
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Total Monthly Payment
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P+I Payment
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Down Payment
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VA Funding Fee
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Total Loan
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No PMI Savings
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🎖️ VA Loan Benefits: No down payment required · No PMI (saves $300-400+/mo) · Competitive rates · No prepayment penalty · Lifetime benefit (can be used again)
Home Price
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Down Payment
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Base Loan
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VA Funding Fee
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Total Loan (base + fee)
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P&I Payment
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Property Tax + Insurance
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Total Monthly (PITI)
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No-PMI Monthly Savings vs Conv.
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FAQ
Who is eligible for VA loans?
VA loans are available to: Active duty service members (90 continuous days), Veterans (181 days peacetime / 90 days wartime), National Guard/Reserves (6 years service or 90 days active), surviving spouses of veterans.
What is the VA Funding Fee?
The VAF Funding Fee is a one-time upfront fee (typically 1.25-3.3% of loan) that finances the VA loan guarantee program. It can be financed into the loan. Veterans with 10%+ service-related disability rating are exempt.
Do VA loans have PMI?
No. VA loans have no Private Mortgage Insurance (PMI), which is a major savings. At 0% down on a $400K loan, you'd pay $150-250/month in PMI with a conventional loan. VA saves you thousands per year.
Can I use a VA loan more than once?
Yes. Your VA loan entitlement is restored when you sell the home and pay off the VA loan, or when a qualified veteran assumes your loan. You can also use VA loans multiple times simultaneously in some cases.