Your Military Service
We need to verify basic eligibility and determine your VA funding fee.
Honorable
General (Under Honorable)
Other than Honorable
Dishonorable
✓ Based on your selections, you likely qualify for VA loan benefits. Honorable discharge veterans are fully eligible.
First time use
Subsequent use
No disability rating
10%+ disability rating
Your Financial Picture
Used to estimate your loan amount, monthly payment, and savings.
Car loans, student loans, credit cards, etc.
VA loans require $0 down. Enter any amount you choose to put down.
The Property
Tell us about the home you're looking to purchase.
30 Year Fixed
15 Year Fixed
Your estimated VA loan benefit
$0
Total savings vs. conventional loan over 30 years
Monthly Payment
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Principal + interest only
VA Funding Fee
—
Rolled into loan
Max Loan Amount
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Based on income & DTI
VA Loan vs. Conventional — Side by Side
VA LOAN ✓
Conventional
Down payment
$0 required
—
Monthly payment
—
—
PMI required
None — ever
—
Interest rate (est.)
—
—
Loan amount
—
—
Total loan cost
—
—
Your VA Loan Benefits Checklist
No down payment required
VA loans are one of only two major loan programs (along with USDA) that require zero down payment on a home purchase.
No private mortgage insurance (PMI) — ever
Conventional loans charge PMI until you reach 20% equity. VA loans never require PMI, saving you hundreds per month.
Competitive interest rates
VA rates consistently run 0.25%–0.5% below conventional rates due to the government guarantee, saving thousands over the life of the loan.
VA Funding Fee
The VA funding fee is a one-time charge that replaces PMI and helps sustain the loan program for future veterans. It can be rolled into the loan at closing.
Assumable loan
VA loans can be assumed by a qualified buyer when you sell — a powerful negotiating tool if interest rates rise significantly after your purchase.
No prepayment penalty
You can pay off your VA loan early, make extra principal payments, or refinance at any time with no penalty.
Foreclosure avoidance assistance
The VA provides housing counselors who can intervene on your behalf if you face financial hardship and trouble making payments.
Your Next Steps
Disclaimer: This estimator provides educational estimates only and is not a loan commitment, pre-approval, or guarantee of loan terms. Actual rates, fees, and loan amounts are determined by VA-approved lenders based on full underwriting. VA funding fee rates reflect 2025 VA guidelines. Interest rates shown are representative market estimates and will vary. Consult a licensed mortgage professional for personalized advice. This tool is not affiliated with the US Department of Veterans Affairs.