Estimate a VA home loan payment with $0 down and the VA funding fee. See your loan amount, the financed funding fee, and monthly principal & interest — no PMI, ever.
$0 down • VA funding fee • no PMI
VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs for eligible service members, veterans, and surviving spouses. Their headline benefits: no down payment required and no private mortgage insurance (PMI), ever. In place of PMI, most borrowers pay a one-time VA funding fee, which can be financed into the loan. The fee varies by service type, down payment, and whether it's your first VA loan — commonly 2.15% for a first-time use with no down payment, dropping with larger down payments and waived entirely for veterans with a service-connected disability.
For example, a $350,000 home with $0 down has a base loan of $350,000. A 2.15% funding fee adds $7,525, financed into a total loan of $357,525. At 6.25% over 30 years, that's about $2,202/month in principal and interest — with no monthly mortgage insurance on top, which is where VA loans save borrowers the most versus FHA or low-down conventional loans.
Eligible borrowers can finance 100% of the purchase price up to the county loan limit — no down payment needed.
VA loans never charge monthly mortgage insurance, unlike FHA and low-down conventional loans — a major monthly savings.
A one-time fee (often ~2.15% first use, 0 down), usually financed. Larger down payments lower it; disabled veterans are exempt.
Veterans, active-duty service members, National Guard/Reserves with sufficient service, and many surviving spouses — with a valid Certificate of Eligibility.