VA Loan Calculator 2026
Estimate your VA loan monthly payment with $0 down — including the VA funding fee, taxes, and insurance. No PMI, ever. Current VA rate: 5.85% (Feb 2026).
QUICK ANSWER: VA Loan Payments at 5.85%, $0 Down (Feb 2026)
$200K = $1,512/mo | $300K = $2,231/mo | $400K = $2,950/mo | $500K = $3,668/mo (includes P&I + VA funding fee financed + taxes + insurance). No PMI ever — saves $100-$250/mo vs conventional.
Down Payment
$0
No down payment required
Current VA Rate
5.85%
Feb 2026 avg (30-yr)
PMI Required
Never
Regardless of down payment
VA Funding Fee
2.15%
First use, 0% down
VA Loan Monthly Payment by Home Price (5.85%, $0 Down, 30-Year)
| Home Price | Loan Amount* | P&I | Taxes/mo | Insurance | Total |
|---|---|---|---|---|---|
| $200,000 | $204,300* | $1,204 | $183 | $125 | $1,512 |
| $250,000 | $255,375* | $1,505 | $229 | $138 | $1,872 |
| $300,000 | $306,450* | $1,806 | $275 | $150 | $2,231 |
| $350,000 | $357,525* | $2,107 | $321 | $163 | $2,591 |
| $400,000 | $408,600* | $2,408 | $367 | $175 | $2,950 |
| $500,000 | $510,750* | $3,010 | $458 | $200 | $3,668 |
*Loan amount includes 2.15% VA funding fee financed into loan (first use). Assumes 1.1% property tax, national avg insurance. No PMI.
You earned this benefit — use it. Compare VA lenders now.
$0 down. No PMI. Rates from 5.75%. Get your COE in minutes.
Mortgage Calculator
Monthly Payment
$1,616
Payment Breakdown
Loan Summary
Understanding Your Mortgage
Principal vs Interest
In the early years of your mortgage, most of your monthly payment goes toward interest. As you pay down your loan, more goes toward principal.
Extra Payments
Making even small additional payments can significantly reduce your loan term and save thousands in interest over the life of your loan.
Amortization
An amortization schedule shows how your loan balance decreases over time as you make payments, eventually reaching zero at the end of your loan term.
VA Funding Fee 2026: Complete Chart
The VA funding fee replaces PMI and helps keep the VA loan program self-sustaining. It can be financed into the loan or paid at closing.
| Down Payment | First Use | Subsequent Use |
|---|---|---|
| 0% (no down payment) | 2.15% | 3.30% |
| 5% – 9.99% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
| Reserves/National Guard (0% down) | 2.15% | 3.30% |
Funding Fee Exemptions (Pay $0)
- • Veterans receiving VA compensation for service-connected disability
- • Veterans entitled to receive compensation but receiving retirement pay instead
- • Surviving spouses of veterans who died in service or from service-connected disability
- • Active duty service members who have received a Purple Heart
VA Loan vs Conventional: Side-by-Side 2026
| Factor | VA Loan | Conventional | Winner |
|---|---|---|---|
| Down Payment | $0 (0%) | $15,000-$60,000 (5-20%) | VA |
| Current Rate (Feb 2026) | 5.85% | 6.10% | VA |
| PMI/Mortgage Insurance | Never required | $100-$250/mo until 20% equity | VA |
| Funding Fee (first use) | 2.15% (financeable) | None | Conventional |
| Loan Limit | No limit (full entitlement) | $766,550 conforming | VA |
| Credit Score Min. | 580-620 (lender) | 620+ | VA |
| Investment Properties | Primary only | Yes (investment loans) | Conventional |
| Appraisal | VA appraisal required | Standard appraisal | Tie |
| 30-yr total cost ($300K) | ~$650,160 | ~$680,400 (20% down) | VA |
How Much Does No PMI Save You?
On a $300,000 home with 5% down, a conventional borrower pays PMI until they reach 20% equity (~9 years at current rates). Here's the VA advantage:
Monthly PMI savings
$150-$250/mo
On a $300K loan with 5% down
5-year PMI savings
$9,000-$15,000
Money back in your pocket
Full PMI period savings
$16,200-$27,000
Until 20% equity (~9 years)
VA Loan Eligibility Requirements 2026
Active Duty Service Members
90+ consecutive days of active service
Veterans (Wartime)
90+ days active duty during wartime
Veterans (Peacetime)
181+ days continuous active duty
National Guard / Reserves
6 years of service OR 90 days active duty (Title 10)
Surviving Spouses
Spouse died in service or from service-connected disability. Not remarried (or remarried after age 57).
Credit Score
No VA minimum — most lenders require 580-620. Best rates at 680+.
DTI Ratio
VA guideline: 41% preferred, but higher accepted with compensating factors
Occupancy
Primary residence only. Must intend to occupy within 60 days of closing.
You Earned This Benefit — Use It
$0 down. No PMI. Rates from 5.75%. Compare VA-approved lenders and get your Certificate of Eligibility in minutes.