VA Loan Calculator — Zero Down Payment Mortgage for Veterans
Free VA loan calculator for veterans and military. Calculate monthly payments with no down payment no PMI and competitive interest rates.
VA loans are arguably the best mortgage product available in the United States offering eligible veterans active-duty service members and surviving spouses the ability to buy a home with zero down payment and no private mortgage insurance. VA loan rates are typically 0.25-0.50% lower than conventional rates. The only additional cost is the VA funding fee which ranges from 1.25% to 3.3% depending on down payment and prior usage.
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Key Information
| Parameter | Details |
|---|---|
| Down Payment Required | 0% (no down payment needed) |
| Private Mortgage Insurance | Not required |
| VA Funding Fee | 1.25% - 3.3% (waived for disabled veterans) |
| 2026 VA Loan Limit | No limit (with full entitlement) |
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Use Calculator NowFrequently Asked Questions
Who qualifies for a VA loan?
You need at least 90 days of active service during wartime or 181 days during peacetime or 6 years in the National Guard or Reserves. Surviving spouses of veterans who died in service or from service-connected disability also qualify. You need a Certificate of Eligibility (COE) from the VA which your lender can help obtain electronically in minutes.
VA loan vs conventional which is better?
VA wins for most eligible veterans: zero down payment saves $40000-$80000 upfront on a typical home. No PMI saves $100-$300/month. Lower rates save thousands over the loan life. The only conventional advantage is avoiding the VA funding fee (1.25-3.3%) but this is far less than the total PMI cost. Veterans with disability ratings get the funding fee waived entirely.
Can I use VA loan more than once?
Yes VA loan entitlement is reusable. You can have multiple VA loans simultaneously if you have remaining entitlement. After selling a VA-financed home and paying off the loan your full entitlement is restored. The VA funding fee increases slightly on subsequent use (from 1.25% to 1.25% with 5%+ down or 3.3% with no down) unless you are exempt due to disability.
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Last updated: 24 March 2026