What is a VA loan, and who qualifies?

A VA loan is a mortgage available to eligible U.S. veterans, active-duty service members, and certain surviving spouses. It offers benefits like no down payment and no PMI.

How is the VA funding fee calculated?

The VA funding fee is a percentage of your loan amount and depends on your down payment, loan type, and whether this is your first or subsequent use. Some borrowers may be exempt.

Can I use a VA loan more than once?

Yes. As long as you have remaining entitlement, you can use a VA loan multiple times. The funding fee may be higher for repeat use.

Can I adjust the down payment in the calculator?

Yes. Enter any down payment amount, including $0 if you have full VA entitlement, to see how it impacts your loan and payments.

How does the amortization schedule help me?

The amortization schedule shows exactly how much of each payment goes toward principal versus interest and tracks your remaining balance, helping you plan ahead.

How do I download my results?

After calculating, use the Export PDF or Export Excel buttons to save your full amortization schedule and loan breakdown for your records or to share with others.

VA Loan Calculator

Easily estimate your VA loan payments and funding fee.

Inputs

VA loan details (U.S.)

Home Price ($)

Down Payment ($)

Can be 0 for full VA entitlement

Interest Rate (APR %)

Loan Term (years, 1–50)

VA Funding Fee (%)

e.g. 2.3 first use, 3.6 repeat; 0 if exempt

Results

Principal, funding fee, and P&I

Loan Amount

$350,000

VA Funding Fee

$8,050

Monthly P&I

$2,212

Total Interest

$446,406

Balance Over Time

Remaining balance by year (30 years)

Principal vs Interest by Year

All 30 years

Yearly Breakdown

First 15 years. Download full schedule for all 30 years.

Year	Principal	Interest	Balance
1	$3,912	$22,635	$346,088
2	$4,174	$22,373	$341,914
3	$4,454	$22,093	$337,460
4	$4,752	$21,795	$332,709
5	$5,070	$21,477	$327,638
6	$5,410	$21,137	$322,229
7	$5,772	$20,775	$316,457
8	$6,158	$20,388	$310,298
9	$6,571	$19,976	$303,727
10	$7,011	$19,536	$296,716
11	$7,481	$19,066	$289,236
12	$7,982	$18,565	$281,254
13	$8,516	$18,031	$272,738
14	$9,086	$17,460	$263,652
15	$9,695	$16,852	$253,957

Amortization Schedule

First 15 months. Download full schedule for all 360 months.

Month	Payment	Principal	Interest	Balance
1	$2,212	$316	$1,896	$349,684
2	$2,212	$318	$1,894	$349,365
3	$2,212	$320	$1,892	$349,046
4	$2,212	$322	$1,891	$348,724
5	$2,212	$323	$1,889	$348,401
6	$2,212	$325	$1,887	$348,076
7	$2,212	$327	$1,885	$347,749
8	$2,212	$329	$1,884	$347,420
9	$2,212	$330	$1,882	$347,090
10	$2,212	$332	$1,880	$346,758
11	$2,212	$334	$1,878	$346,424
12	$2,212	$336	$1,876	$346,088
13	$2,212	$338	$1,875	$345,750
14	$2,212	$339	$1,873	$345,411
15	$2,212	$341	$1,871	$345,070

For educational and estimation purposes only; not financial or legal advice. VA loans are for eligible U.S. veterans. Funding fee and eligibility rules vary. Consult the VA and a qualified lender.

How It Works

Step 1: Enter Your Loan Details

You’ll see fields for:

Loan Amount: The base amount you plan to borrow (example: $350,000)
Down Payment: Enter an amount (can be $0 if you have full VA entitlement)
Interest Rate (%): The APR for your loan (for example, 6.5%)
Loan Term (years): Typical VA loans are 30 years, but you may adjust as needed
VA Funding Fee (%): Enter your funding fee percentage (e.g., 2.3% for first-time use, 3.6% for subsequent use, or 0% if you are exempt)

Step 2: Calculate

After entering your details, click “Calculate.” The calculator will display:

Loan Amount: Confirming the total borrowed
VA Funding Fee: The one-time fee is based on your loan amount and eligibility
Monthly P&I: Your estimated monthly principal and interest payment
Total Interest: The cumulative interest paid over the life of the loan

Step 3: Review Detailed Results

You’ll see:

Balance Over Time Chart: Shows your remaining balance year by year for up to 30 years
Principal vs Interest Chart: Visualizes how much of each year’s payment goes toward the loan principal versus interest

Step 4: Explore Yearly and Monthly Schedules

Yearly Breakdown: A table showing how your principal paid, interest paid, and balance change each year (first 15 years shown; download full schedule for all 30 years)
Amortization Schedule: A detailed month-by-month breakdown of payments for the first 15 months. For the full 30-year schedule, use the download option.

Step 5: Download & Share

You can easily:

Copy the results for your records
Export as PDF for printing or sharing

Export as Excel for further analysis or planning

Understanding VA Loans

A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, designed to help eligible veterans, active-duty service members, and some military spouses purchase or refinance a home.

VA loans often require no down payment, do not require private mortgage insurance (PMI), and tend to offer competitive interest rates compared to other loan types.

However, VA loans come with unique features, such as the VA funding fee a one-time cost that helps keep the program running but can be reduced or waived in certain cases.

Understanding these costs and how they affect your monthly payment can be confusing. This calculator is designed to clarify those numbers, helping you plan your home purchase with confidence.

How This Calculator Helps

This VA Loan Calculator lets you quickly estimate your total loan amount, VA funding fee, monthly principal and interest (P&I) payments, and total interest over the life of the loan. By inputting your loan amount, down payment, interest rate, loan term, and funding fee percentage, you receive:

An exact breakdown of the loan amount, funding fee, and monthly payment
A clear view of total interest paid over the loan’s term
Interactive charts showing your remaining loan balance and the relationship between principal and interest each year
Downloadable amortization schedules for in-depth planning

The calculator provides transparency into the true cost of your VA loan, empowering you to make well-informed financial decisions.