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VA funding fee

What does the funding fee add, and what is left to pay monthly?

Illustrative example only — not a rate quote, not an APR offer, and not a commitment to lend.

Your inputs

A VA loan does not require one. Putting 5% or 10% down lowers the funding fee — the slider shows you by how much.

Some borrowers pay no funding fee at all — for example those receiving compensation for a service-connected disability, and some surviving spouses. Whether an exemption applies is determined by the VA, not by this page.

Of the price, per year.

Every month, all in

$3,825

On a $536,288 loan at 6.50%over 30 years, with the funding fee rolled into the balance. An illustration produced by the inputs on this page — not a quote, not an APR, and not a statement that anyone qualifies for anything.

2.15%Funding fee rateFirst use, 0.0% down.
$11,288Funding fee in dollarsCharged on the loan amount, before it is added to it.
$536,288Loan after the feeBorrowed before the fee: $525,000.
$0Monthly mortgage insuranceNone. This is the single biggest difference from FHA and from conventional lending below 20% down.

What the payment is made of

Widths are to scale. Every figure is repeated below in words and numbers, so nothing here depends on telling colors apart.

Principal & interest$3,390
Property tax$241
Insurance$150
HOA$45
Mortgage insurance No monthly premium on a VA loan, at any down payment.$0
Total$3,825

Where the funding fee percentage comes from

The percentages this page applies are the VA's published funding fee schedule for purchase loans closed on or after 1 April 2023. They are the real published percentages rather than numbers this demonstration invented — but the dollar amount they produce here is still only an illustration of your inputs, and the schedule can be changed by the VA at any time.

VA purchase funding fee percentages by down payment and use, for loans closed on or after 1 April 2023
Down paymentFirst useSubsequent use
Less than 5%2.15%3.30%
5% or more, under 10%1.50%1.50%
10% or more1.25%1.25%

This calculator does not model eligibility, entitlement, the certificate of eligibility, or any county-level limit. Those are the VA's rules and a lender's underwriting, and nothing on this demonstration site can stand in for either.

The balance, with the fee inside it

Rolling the funding fee into the loan means you start owing more than the price of the home minus your down payment. The solid line starts at the financed amount, not at the purchase price. The dashed line is how much of it you have repaid.

Balance remaining (solid) Principal repaid (dashed)

Interest on the financed amount over the full term:$684,005, paid off in30 yr.

Every payment on the financed amount

Principal and interest on the loan including the funding fee. Property tax, insurance and HOA dues are in the monthly total above but not in these rows.

Loading the schedule…

What this page assumes

  • The funding fee percentages are the VA's published purchase schedule for loans closed on or after 1 April 2023. The dollar figure they produce here is an illustration of your inputs, not a fee anyone has quoted you.
  • Eligibility for a VA loan is determined by the VA and by a lender's underwriting — never by a calculator. This page does not model entitlement, the certificate of eligibility, county limits, or whether an exemption applies to you.
  • The funding fee is assumed to be financed into the loan. It can also be paid in cash at closing, which lowers the balance and the payment. Refinance and cash-out transactions carry their own separate percentages that this page does not cover.
  • VA loans carry no monthly mortgage insurance, so none is charged here at any down payment.
  • Property tax is a flat percentage of the price and is never reassessed; insurance and HOA dues are held flat for the whole term. In practice all three move.
  • The rate is fixed, every payment lands on time, and no closing costs, points, escrow shortfall or prepayment are modeled.
  • Every figure is an illustration produced by the numbers you typed. This site is a demonstration for a fictional lender, Copperline Home Loans, which does not exist, is not approved by anyone, and cannot lend.

Take this result with you

The address bar already holds every input on this page. Copy it and the result reopens exactly as you left it.

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Email it to yourself

Demonstration only. This form checks the address and shows you the confirmation a real one would show. It sends nothing, stores nothing and transmits nothing — there is no server behind this site. Use the mail-app button if you actually want the link.

Open mail app

Talk it through

Send the numbers to a person

On a live site this is where the arithmetic on the va funding fee calculator turns into a conversation. A loan officer would get what you enter here, along with the inputs already in the link.

This form is a demonstration and does not send anything. There is no server, no database and no third-party form service behind this page. Nothing you type is stored, transmitted or logged, and nobody will call you. If you want to see how the real thing would behave, fill it in — it validates properly and shows the confirmation.

A real enquiry would go to (720) 555-0139 or[email protected] — both invented for this demonstration.