VA Loan Calculator – Funding Fee, Total Loan and Monthly Payment
A VA loan has exactly one built-in charge most calculators bury: the funding fee. This one puts it up front. It runs the VA’s own published table — the percentage set by your loan type, your down payment and whether this is your first use or a later one — applies it to the loan amount (not the price), and shows the total loan and monthly payment with the fee folded in, or set to zero if you are exempt.
Your loan, your use, your fee
Advanced options — funding-fee exemption and how the fee is paid
Exemption and fee payment are already included in the result with their default values — open Advanced options to change them.
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Your VA loan estimate
The 5% down payment lever
At zero down, first use, the fee is 2.15% of $400,000 = $8,600. Put 5% down ($20,000) instead and two things happen at once: the loan drops to $380,000 and the rate drops to 1.50%, so the fee falls to $5,700 — $2,900 less fee, before the smaller loan saves you interest every month after.
An estimate, not an approval: your lender confirms your Certificate of Eligibility (COE), your remaining entitlement and the final fee. Property taxes, homeowner’s insurance and HOA dues are not in the payment above — principal and interest only.
- The funding fee is a percentage of the loan amount, never the price — subtract the down payment first.
- The percentage comes from the VA’s published table (2023-04-07): loan type × first or subsequent use × down-payment band.
- Financing the fee raises the loan and the payment — on the default, $8,600 financed adds $54.36 a month for 30 years; exemption (disability, DIC, Purple Heart, proposed rating) zeroes it.
- The official funding fee table — and your row in it
- How the VA funding fee is worked out
- The VA’s own worked example, priced by hand
- Two things worth understanding before you apply
- Every cell of the table, priced on one loan
- Financed or cash: the monthly difference
- Exemption and entitlement: two checks before you trust the fee
- Checks before you apply
- VA loan questions, answered
The official funding fee table — and your row in it
This is the VA’s published funding fee table, the same one lenders use. Change the loan type, down payment or use above and the highlighted row follows you, so you can watch the percentage move before the dollars do.
| Loan type and down payment | First use | Subsequent use |
|---|---|---|
| Purchase or construction — less than 5% downYOUR ROW | 2.15% | 3.30% |
| Purchase or construction — 5% to 9.99% downYOUR ROW | 1.50% | 1.50% |
| Purchase or construction — 10% or more downYOUR ROW | 1.25% | 1.25% |
| Cash-out refinance (down payment does not apply)YOUR ROW | 2.15% | 3.30% |
| IRRRL — streamline refinanceYOUR ROW | 0.50% | 0.50% |
| Loan assumptionYOUR ROW | 0.50% | 0.50% |
No PMI. That is the trade.
A VA loan never charges monthly private mortgage insurance — not at zero down, not ever. The one-time funding fee is what stands in its place. Compare honestly: an FHA loan pairs a smaller upfront premium with an annual mortgage insurance premium that, on most loans today, runs for the life of the loan. The VA fee is paid once; the FHA premium keeps billing.
Exemption checker: who pays $0
Set the exemption toggle in the calculator to see your fee drop to zero. By law, the fee is waived for:
- Veterans receiving VA disability compensation for a service-connected disability (a compensable rating)
- Veterans who would receive that compensation but instead take military retirement pay or active-duty pay
- Surviving spouses who receive Dependency and Indemnity Compensation (DIC)
- Active-duty service members who received a Purple Heart
- Service members with a proposed or memorandum disability rating, pre-discharge
The 5% cliff, in dollars
The bands have hard edges, and the first edge is the steepest. On a $400,000 purchase, first use: at 4.99% down the fee is 2.15% of a $380,040 loan — $8,170.86. At exactly 5.00% down it is 1.50% of a $380,000 loan — $5,700. A few extra dollars of down payment, $2,470.86 of fee gone. The 10% edge is gentler: 1.50% down to 1.25%.
VA Disability Calculator
Combined ratings and monthly compensation — the same disability status that can exempt you from this fee.
🏠FHA Loan Calculator
The other government-backed route: upfront plus annual mortgage insurance, priced side by side.
🏡Mortgage Calculator
The plain conventional version — payment, amortization and total interest for any loan.
How the VA funding fee is worked out
Start with the loan amount, not the price
Subtract any down payment from the price first. The fee is a percentage of what you actually borrow — $400,000 borrowed is charged on $400,000, and $190,000 borrowed on a $200,000 home is charged on $190,000. This is the step quick calculators most often get wrong, quietly charging the fee on the full price.
Let the table pick your percentage
Three facts choose the cell: loan type (purchase, cash-out refinance or IRRRL), first use versus subsequent use, and — for purchases only — which down-payment band you land in: under 5%, 5% to 9.99%, or 10% and up. Exempt borrowers skip the table entirely: their percentage is zero.
Finance it, or pay it once at closing
Most buyers roll the fee into the loan, so the total loan is base plus fee and the monthly payment is figured on that sum. Paying the fee in cash at closing keeps the loan smaller. Either way it is a one-time charge — nothing about it recurs monthly, which is exactly what separates it from mortgage insurance.
The VA’s own worked example, priced by hand
The VA publishes this example itself: a $200,000 home bought with $10,000 down, on a first use. The down payment is exactly 5%, so the loan is $190,000 and the table rate for the 5% band is 1.5% — a funding fee of $2,850. Set the calculator above to those figures and it lands on the same number, because it is running the same table. If the fee is financed, the total loan becomes $192,850 and the payment is figured on that.
Now hold that example against the defaults this page opened with: a $400,000 home with nothing down. The loan is the whole $400,000, the band is under 5%, first use is 2.15%, and the fee is $8,600 — financed in, a total loan of $408,600 and a payment of $2,582.63 a month at 6.5% over 30 years. Same table, same arithmetic; the down payment and the band are the whole difference.
One warning the table itself gives you
Subsequent use under 5% down is the expensive cell: 3.30%. On that same $400,000 loan it is $13,200 — $4,600 more than a first use. But notice what the 5% band does to repeat buyers: at 5% down or more, first and subsequent use charge the identical 1.50% and 1.25%. For a repeat VA buyer, the down payment is not just equity — it is the difference between the table’s highest rate and its middle one.
Two things worth understanding before you apply
The funding fee is the borrower’s charge. Behind it sits the VA guaranty — the portion of the loan the VA promises to repay the lender if you default — and the size of that guaranty depends on your entitlement. With full entitlement and no other VA loan outstanding, eligible borrowers can generally buy with no down payment and no VA-imposed loan limit. With partial entitlement — say you still hold a VA loan on another home, or lost one to foreclosure — county loan limits come back into the picture and a down payment can be required to cover the gap between the limit and the price.
This calculator prices the fee and the payment for a loan you have already sized. It cannot see your entitlement: that lives on your Certificate of Eligibility, which your lender pulls directly from the VA. If you have used the benefit before, ask the lender to confirm your remaining entitlement before you rely on a zero-down figure.
If you pay a funding fee at closing and the VA later awards you disability compensation with an effective date before your loan closed, you can apply for a refund of the fee — because, in the VA’s eyes, you were exempt all along and did not know it yet. The refund goes to the borrower who paid, whether the fee was financed or paid in cash (if it was financed, the refund does not shrink the loan; it comes back as money).
The reverse also holds: a disability claim still pending at closing means the fee is charged now and settled later. Veterans in that position should keep the closing paperwork and ask their lender or the VA’s regional loan center about the refund the moment a rating lands.
Every cell of the table, priced on one loan
Scope first. The funding fee rates on this page are the VA’s published table effective 2023-04-07, and this section uses only that table — no newer rate is invented, and no rate is carried forward without its date. Confirm the current table with your lender or the VA before closing, because the table is the VA’s to change and this page’s figures date from its publication. The fee is charged on the loan amount, not on the price, and it replaces the mortgage insurance a conventional loan would require: a VA loan has no monthly mortgage insurance premium, and the funding fee is the one-time price of that structure. The table below prices every cell on a stated loan amount, so the cells can be compared without the down payment confusing the arithmetic — with the note that in practice the 1.50% and 1.25% bands come with a down payment that also shrinks the loan itself, which the next section prices properly.
| Use and band | Rate | Fee on $400,000 loan | Fee on $300,000 loan |
|---|---|---|---|
| Purchase, first use, under 5% down | 2.15% | $8,600 | $6,450 |
| Purchase, subsequent use, under 5% down | 3.30% | $13,200 | $9,900 |
| Purchase, 5% to under 10% down | 1.50% | $6,000 | $4,500 |
| Purchase, 10% down or more | 1.25% | $5,000 | $3,750 |
| Cash-out refinance, first use | 2.15% | $8,600 | $6,450 |
| Cash-out refinance, subsequent use | 3.30% | $13,200 | $9,900 |
| Interest rate reduction refinance (IRRRL) | 0.50% | $2,000 | $1,500 |
| Loan assumption | 0.50% | $2,000 | $1,500 |
The table’s shape tells the story before any single cell does. First use is cheaper than subsequent use in the under-5% band by 1.15 percentage points — $4,600 on a $400,000 loan — but the two uses cost exactly the same in the 5% and 10% bands, where the rate depends only on the down payment. That asymmetry is deliberate: the fee rewards a down payment, and it punishes repeat zero-down borrowing hardest, because a second zero-down loan is the riskiest loan the VA guarantees. Cash-out refinances ignore the down-payment bands entirely and price on use alone, which is why a cash-out borrower cannot buy a cheaper cell with a larger equity stake — the bands do not apply. And the IRRRL and assumption cells sit apart at 0.50% because neither creates a new purchase risk: the IRRRL refinances an existing VA loan to a lower rate, and an assumption transfers an existing loan to a new borrower.
The page’s own edge case proves the band boundary is a cliff, not a slope. On a $400,000 purchase, a 4.99% down payment leaves a $380,040 loan charged at 2.15% for a fee of $8,170.86, while a 5.00% down payment leaves a $380,000 loan charged at 1.50% for $5,700 — a difference of $2,470.86 bought by $40 of extra down payment ($20,000 against $19,960). The $40 does not buy $2,470 of value; the band does. Any buyer whose down payment lands within a few hundred dollars of a band edge should price both sides of the edge before closing, because the fee schedule’s steps are worth more than the down payment’s last dollars.
Financed or cash: the monthly difference
The funding fee is usually financed — rolled into the loan — which is why the page’s default loan is $408,600 rather than $400,000: a $400,000 purchase with $0 down, first use under 5%, carries a fee of $8,600 at 2.15%, and the financed loan is $400,000 + $8,600 = $408,600, paying $2,582.63 a month of principal and interest at 6.5% over 30 years. The alternative is to pay the fee in cash at closing, which keeps the loan at $400,000 and the payment at $2,528.27 a month. The difference is $54.36 a month, every month, for 30 years — about $19,570 over the life of the loan on the page’s rounded monthly figures ($54.36 × 360 = $19,569.60, against $19,569.80 from the totals) — for the convenience of not bringing $8,600 to closing. Financing the fee does not make it disappear; it amortises it at the loan’s rate, which is why the financed fee costs more than the fee itself.
That comparison is the whole financing question in miniature, and it generalises. The page’s 5% down example makes the same point from the other side: $20,000 down leaves a $380,000 loan, a 1.50% fee of $5,700, and a financed total of $385,700 — $2,900 less fee than the zero-down case, and a smaller loan besides, because the down payment shrinks the loan and the band together. The VA’s own example on the page is the cleanest version: a $200,000 home with $10,000 down, exactly 5%, leaves a $190,000 loan at 1.5% for a $2,850 fee and a financed total of $192,850. In every case the fee is a percentage of the loan, the loan is the price minus the down payment, and the financed total is the loan plus the fee — three numbers in a chain, each one feeding the next, and each one worth checking separately before the chain is signed.
One more cash-flow fact belongs here, because it is routinely missed. The funding fee is not part of the down payment: it is charged on top of the loan, in addition to whatever down payment you make, and paying it in cash does not reduce the down payment or count toward it. A buyer who budgets “$20,000 down and the fee is covered” has budgeted wrong twice — the $20,000 is the down payment, and the fee is separate, whether financed or paid in cash. The page’s cash-at-closing logic keeps them apart, and so should the buyer’s budget.
Exemption and entitlement: two checks before you trust the fee
Some borrowers pay no fee at all, and the exemption list is short enough to memorise. On this page’s list, the fee is waived for veterans receiving VA disability compensation (a compensable rating); for veterans who would receive it but take retirement or active-duty pay instead; for surviving spouses receiving Dependency and Indemnity Compensation; for active-duty Purple Heart recipients; and for service members with a proposed or memorandum rating before discharge. The exemption is a status, not a negotiation: it is established by the VA’s determination, and the lender applies it on the evidence of that determination. A borrower who believes they qualify should confirm the exemption with the lender before closing, not discover it after — the fee, once financed, is inside the loan, and unwinding it is harder than waiving it.
There is also a refund route the page states plainly. If disability compensation is awarded retroactively with an effective date before the closing date, the funding fee is refundable — but a refund of a financed fee comes back as money, it does not shrink the loan. The borrower gets the fee amount back and keeps the loan as it was written, which means the monthly payment does not fall. Expecting a refund to lower the payment is the same error as expecting a financed fee to vanish: the fee and the loan are separate numbers that happen to travel together, and separating them again does not reprice the loan.
Entitlement is the second check, and it is about the loan’s size, not its price. A VA loan is guaranteed against the veteran’s entitlement, established by the Certificate of Eligibility, and the county loan limit governs how much can be borrowed with zero down in full-entitlement cases. This page prices the fee and the payment for the loan you enter; it does not verify that your entitlement covers that loan, and a loan above the available entitlement may require a down payment the page does not compute. The Certificate of Eligibility is the document that answers the entitlement question, and it should be in hand before the fee is priced — because a fee priced on a loan the entitlement does not support is a fee priced on a loan that cannot close as written.
Checks before you apply
1. Is the table current? The rates here are the VA table effective 2023-04-07. Confirm the current table with your lender or the VA before closing — the VA publishes the table, and only the VA’s current publication governs your fee.
2. Is the exemption confirmed? Disability compensation, DIC, Purple Heart, or a proposed rating — if any applies, confirm it with the lender before closing. An exemption discovered after the fee is financed is a refund, not a waiver, and it does not shrink the loan.
3. Is the entitlement enough? Get the Certificate of Eligibility and confirm the county limit covers the loan with the down payment you plan. This page prices the fee; it does not verify entitlement.
4. Is this the whole monthly payment? No: this page computes principal and interest only. Property taxes, homeowner’s insurance, HOA dues and any other escrows are separate monthly costs, and the interest rate itself is set by the lender, not by the VA. This page is an estimate, not affiliated with the VA, and not a loan offer.
Who can use a VA loan: the service tests
Eligibility for a VA loan is a service question, decided by the VA, not by a lender and not by this calculator. In outline, the tests are:
- Active-duty service members: 90 continuous days of active service.
- Veterans: generally 90 days of service during wartime, or 181 days during peacetime. Longer minimums apply to people who enlisted after the early 1980s, with exceptions, including for a service-connected disability discharge.
- National Guard and Reserve members: generally six creditable years of service, or 90 days of active-duty service under qualifying orders, including at least 30 consecutive days in some cases.
- Surviving spouses: in defined cases, including spouses of service members who died in service or from a service-connected disability and who receive Dependency and Indemnity Compensation. Remarriage rules apply and depend on age and circumstances.
Those are summaries, not the full VA rules, and the full rules carry exceptions for discharges, service-connected disabilities, and other cases. The document that decides your case is your Certificate of Eligibility, covered in the next section. If your service does not fit the outline neatly, do not assume you are ineligible: ask the VA or your lender to check the Certificate of Eligibility, which is the decision that counts.
Eligibility and approval are different things. A valid Certificate of Eligibility proves you may use the benefit. Whether a lender will lend, and how much, depends on credit, income, and the property, which the lender decides. Veterans are refused VA loans every day while holding a perfectly valid Certificate of Eligibility.
The Certificate of Eligibility and your entitlement
The Certificate of Eligibility (COE) is the VA’s own statement that you are eligible, how much entitlement you have, and whether you are exempt from the funding fee. Lenders rely on what the COE shows, so it is worth getting it early, before you budget around a zero-down figure or a funding-fee exemption. There are three usual routes: apply online through VA.gov, ask your lender to request it (lenders can usually pull it in minutes), or apply by mail with your discharge papers.
Entitlement is the amount the VA guarantees to your lender, generally 25% of the loan. With full entitlement — you have never used the benefit, or a previous use has been fully restored — there is no VA loan limit: the lender decides how much you can borrow from your income and credit. With remaining entitlement — a VA loan is still open on another home, for example — the county loan limit comes back into the picture, and a down payment may be needed to cover the gap between the limit and the price.
Entitlement can be restored. The usual route is to pay off the VA loan and sell the home it secured. Restoration is also possible in other defined cases, including a one-time restoration without a sale in some circumstances, and entitlement tied up by a loan that another veteran assumes can be substituted. The exact route depends on your record, so ask the lender or the VA to confirm your remaining entitlement on the COE before you rely on it. Note that restoring entitlement makes it available again, but it does not reset the funding-fee tier: a restored borrower still pays the subsequent-use fee rate on the next loan, as the table on this page shows.
What the VA does not decide: rate, credit score, and the home itself
Three decisions that shape every VA loan are not the VA’s. First, the interest rate is set by the lender, not by the VA. The VA guarantee makes the loan safer for the lender, which is why VA rates are often competitive, but no rate on any page is a VA rate, and the only honest comparison is between lenders’ own quotes for the same loan on the same day.
Second, the VA sets no minimum credit score. Each lender sets its own minimum, often called an overlay, and overlays vary widely, so a refusal from one lender is not a refusal from all. What the VA does require, distinctively, is a residual-income check: after housing costs, taxes, insurance, and other obligations, enough income must remain for the household’s living costs, judged against guidelines that vary by region and family size. A borrower can pass a debt-to-income test and still fail on residual income, and lenders ask for the residual figure alongside the maximum loan amount, because it is the figure that more often decides the file.
Third, the home itself must be your primary residence, and it must meet the VA’s minimum property requirements, checked by a VA appraisal that also sets the reasonable value the loan is based on. A VA loan is not for investment property, a second home, or a property that fails the VA’s standards for safety and habitability. The appraisal protects the veteran as much as the lender: it is the check that the price is supported before the guarantee is given.
VA loan questions, answered
What is the VA funding fee?
The VA funding fee is a one-time charge paid to the Department of Veterans Affairs on every VA purchase loan and refinance, set as a percentage of the loan amount — never of the home price. The percentage comes from the VA’s published table: it depends on the loan type, whether the down payment reaches 5% or 10%, and whether this is your first use of the benefit or a subsequent one. Current rates have been in effect since April 7, 2023. The fee funds the loan program so it can run without monthly mortgage insurance, and most borrowers finance it into the loan rather than paying it in cash. Your lender collects it at closing and passes it to the VA.
Who is exempt from the VA funding fee?
The fee is waived entirely for several groups: veterans who receive VA compensation for a service-connected disability; veterans who would be receiving that compensation but take military retirement pay or active-duty pay instead; surviving spouses who receive Dependency and Indemnity Compensation (DIC); active-duty service members who have received a Purple Heart; and service members still on duty with a proposed or memorandum disability rating in the pre-discharge process. If you are exempt, the fee is zero regardless of loan type, down payment or how many times you have used the benefit — which is why the calculator above has an exemption setting that takes the fee straight to $0.
Do VA loans charge PMI?
No. A VA loan never charges private mortgage insurance — not at 20% down, not at 5% down, not at zero down. There is also no annual mortgage insurance premium of the kind FHA loans carry. The one-time funding fee is the entire insurance-style cost of the program, and once it is paid (or waived, for exempt borrowers) nothing similar is billed again for the life of that loan. When you compare a VA loan against a conventional loan with less than 20% down, the honest comparison is the single funding fee against years of monthly PMI payments that only stop when you reach enough equity or refinance.
Why is the funding fee higher on a second VA loan?
Because the VA’s table charges subsequent use at 3.30% when the down payment is under 5%, against 2.15% for a first use — on a $400,000 loan, $13,200 instead of $8,600. Using the benefit again counts as subsequent use even if your entitlement was fully restored after selling the first home. The jump disappears once you put real money down: at 5% to 9.99% down, first and subsequent use both pay 1.50%, and at 10% or more both pay 1.25%. For a repeat buyer who can manage 5% down, that single decision removes the repeat-use penalty completely.
Can I roll the funding fee into my loan?
Yes — most VA borrowers do exactly that, and lenders are used to it. The fee is added to the base loan, so on a $400,000 loan with an $8,600 fee the total loan is $408,600 and the monthly payment is figured on that amount. The trade-off is that you then pay interest on the fee for as long as you keep the loan: in the default example on this page, financing the fee costs $2,582.63 a month against $2,528.27 if the same fee were paid in cash at closing — a difference of $54.36 a month. Paying cash at closing keeps the loan smaller but uses money many buyers would rather keep for moving costs and reserves.
What funding fee does an IRRRL or a cash-out refinance charge?
An IRRRL — the VA’s streamlined Interest Rate Reduction Refinance Loan, for refinancing an existing VA loan into a lower rate — charges a flat 0.50% of the loan amount, with no down-payment bands and no first-versus-subsequent split: $1,500 on a $300,000 loan. A cash-out refinance sits at the other end: it charges the purchase-loan rates of 2.15% on first use and 3.30% on subsequent use, but the down-payment bands do not apply to it at all, so home equity does not lower the rate. A loan assumption, where a buyer takes over an existing VA loan, also charges 0.50%.
Can the funding fee change between estimate and closing?
Yes — whenever any of its inputs changes. The fee is a percentage of the loan amount, and the percentage comes from the table cell fixed by loan type, down-payment band and first-versus-subsequent use, while the loan amount itself moves with the price and the down payment. Change the price, change the down payment, cross a band edge, or have the first-versus-subsequent determination revised, and the fee reprices. The page’s own cliff proves the point: $40 of extra down payment crossing the 5% edge cuts the fee by $2,470.86. Confirm the fee against the final price, the final down payment and the lender’s use determination at closing — an estimate built on any earlier set of inputs is an estimate, not the fee.
Does the funding fee count toward my down payment?
No. The fee is charged on the loan, in addition to the down payment, and it is separate from it in both directions: paying the fee in cash does not reduce the down payment you must bring, and financing the fee does not increase your equity in the home. On the page’s default, the $0 down payment is $0 and the $8,600 fee is $8,600 — two different numbers that happen to be settled on the same day. A buyer who budgets a single lump sum for “down payment and fee” should split it into its two parts before closing, because the lender will: the down payment buys equity, the fee buys the guarantee, and neither substitutes for the other.
I used a VA loan before but sold the home — am I first use again?
No, as this page’s FAQ states: even if entitlement was fully restored when the home was sold, a borrower who has used a VA loan before is a subsequent user for funding-fee purposes, and the subsequent-use rate applies. The page’s example is direct — the subsequent-use fee on a $400,000 loan under 5% down is $13,200 at 3.30%, against $8,600 at 2.15% for first use, a $4,600 difference for the same loan. Restoration of entitlement governs how much can be borrowed with zero down; it does not reset the fee table. Budget the subsequent-use cell for every VA loan after the first, whatever happened to the earlier home.
Does an IRRRL need a down payment?
No. An interest rate reduction refinance loan refinances an existing VA loan to a lower rate, and its funding fee is a flat 0.50% of the loan amount — $1,500 on a $300,000 loan — with no down-payment bands at all, because there is no new purchase and no new down payment to band. The IRRRL exists to lower the rate on a loan the VA already guarantees, not to create a new purchase, so the band structure that prices purchase risk does not apply. That flat 0.50% is the same rate as a loan assumption, for the same reason: neither transaction creates the purchase risk the banded table prices.
How do I get my Certificate of Eligibility?
Three routes: apply online through VA.gov, ask your lender to request it (lenders can usually pull it in minutes), or apply by mail with your discharge papers. The Certificate of Eligibility states that you are eligible, how much entitlement you have, and whether you are exempt from the funding fee. Get it before you budget around a zero-down figure or an exemption.
I have used a VA loan before. Can I use the benefit again?
Yes, if you have entitlement available. With full entitlement restored, there is no VA loan limit. With remaining entitlement, the county loan limit applies and a down payment may be needed. Entitlement is usually restored by paying off the VA loan and selling the home, and restoration is possible in other defined cases. Ask your lender or the VA to confirm your remaining entitlement on your Certificate of Eligibility, and note that restoration does not reset the funding-fee tier to the first-use rate.
Does the VA set my interest rate or a minimum credit score?
No to both. The interest rate is set by the lender, and the VA sets no minimum credit score; each lender sets its own minimum, and overlays vary. What the VA does require is a residual-income check: enough income left after obligations for household living costs, judged against guidelines that vary by region and family size.
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An estimate — your lender and the VA have the final word.
This calculator applies the VA funding fee table published by the U.S. Department of Veterans Affairs (rates in effect since April 7, 2023): purchase and construction loans at 2.15% or 3.30% under 5% down, 1.50% from 5% to 9.99% down, and 1.25% at 10% down or more; cash-out refinances at 2.15% or 3.30%; IRRRLs and loan assumptions at 0.50%. The fee is charged on the loan amount, and the monthly figure shown is principal and interest only — property taxes, homeowner’s insurance and HOA dues will add to a real payment. Your lender confirms your Certificate of Eligibility, whether your use counts as first or subsequent, any exemption, and the final fee before closing. If you have partial entitlement from another VA loan or a prior foreclosure, county loan limits and a required down payment can change the picture in ways this page does not model. This page is a private calculator and is not affiliated with the U.S. Department of Veterans Affairs; nothing here is loan advice or a lending offer.
One fee, charged once, on the loan — never monthly, and never on the price.
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