VA loan calculator with zero down payment

How a VA payment is calculated

Your VA payment is principal and interest on the loan amount including any financed funding fee, plus escrowed property taxes, homeowners insurance, and HOA dues — with no monthly mortgage insurance.

• 0% down financing for eligible borrowers
• One-time VA funding fee, usually financed into the loan
• No monthly mortgage insurance at any loan-to-value
• Taxes, insurance, and HOA included in the monthly estimate

Why VA payments are often lowest

Because there is no monthly mortgage insurance and VA rates are competitive, a zero-down VA payment frequently beats an FHA or conventional payment on the same home price.

Compare VA against other programs

Use the program comparison in the simulator to price VA next to conventional, FHA, and USDA with identical assumptions and see the monthly difference.

Frequently asked questions

Do VA loans require a down payment?

Eligible veterans and service members can finance up to 100% of the purchase price, so no down payment is required in most cases.

Does a VA loan have monthly mortgage insurance?

No. VA loans have no monthly mortgage insurance, which usually makes the payment lower than a comparable FHA or low-down-payment conventional loan.

What is the VA funding fee?

It is a one-time fee based on down payment and whether it is your first VA loan. It is typically financed into the loan amount, and some borrowers are exempt.

Can I reuse my VA benefit?

Yes, VA entitlement can generally be restored and reused, though the funding fee percentage may differ on subsequent uses.