VA Loan Calculator
Estimate the monthly payment and VA funding fee on a zero-down VA loan for Florida veterans and active-duty service members.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
Payment Breakdown
VA loans require no down payment and no monthly mortgage insurance. The funding fee is waived for veterans with a service-connected disability. Estimate only.
VA loans let eligible veterans and active-duty service members buy with no down payment and no monthly mortgage insurance, which makes the monthly payment lower than a comparable conventional loan.
The main upfront cost is the VA funding fee, a one-time charge that can be financed into the loan. The fee depends on your down payment and whether this is your first VA loan.
These figures are estimates. For neutral, official guidance on mortgage costs and what lenders can charge, see the CFPB's Owning a Home guide.
How to Use This Calculator
- 1
Enter the home price. VA allows zero down, so you can leave the down payment at 0%.
- 2
Set an illustrative interest rate.
- 3
Adjust the funding fee percentage; first-time use with no down is 2.15%.
- 4
Read the estimated payment, which includes the financed funding fee plus taxes and insurance.
The Formula & Assumptions
Funding fee = base loan × fee %
Total loan = base loan + funding fee
Payment = P&I on total loan
+ taxes + insurance
(no monthly mortgage insurance)
The VA funding fee is a percentage of the base loan. First-time use with zero down is 2.15%, subsequent use is 3.3%, and any down payment lowers the fee. The fee is usually financed into the loan.
VA loans charge no monthly mortgage insurance, which is a major cost advantage over FHA and low-down conventional loans.
Veterans receiving compensation for a service-connected disability are exempt from the funding fee entirely. Confirm your eligibility and entitlement before relying on these figures.
Frequently Asked Questions
Do VA loans really require no down payment?
Yes. Eligible veterans, active-duty members, and qualifying surviving spouses can finance up to 100% of the purchase price with no down payment, subject to entitlement and lender approval.
What is the VA funding fee?
It is a one-time fee that supports the VA loan program. For first-time use with no down payment it is 2.15% of the loan, and it can be rolled into the financed amount rather than paid in cash.
Is the funding fee ever waived?
Yes. Veterans receiving VA compensation for a service-connected disability, and certain surviving spouses, are exempt from the funding fee. Set the fee to zero in the calculator if you qualify.
Do VA loans have monthly mortgage insurance?
No. Unlike FHA and low-down conventional loans, VA loans carry no monthly mortgage insurance, which keeps the monthly payment lower for the same loan amount.
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Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.
It estimates the monthly payment on a VA loan, including the VA funding fee. The program serves eligible veterans, service members, and surviving spouses.
VA Loan Calculator in Florida
Florida is home to a large veteran population and many VA-friendly markets near bases like NAS Jacksonville and MacDill in Tampa. Disabled veterans may be exempt from the VA funding fee and can also qualify for Florida property tax exemptions, lowering both the upfront cost and the ongoing tax line.
How the VA Loan Calculator Works
The calculator builds the loan amount, adds the VA funding fee (which can be financed into the loan), and runs the total through the amortizing-payment formula. VA loans require no monthly mortgage insurance, so the payment is principal, interest, taxes, and insurance only.
The VA Loan Formula, Explained
Loan = price − down payment + funding fee; M = amortized payment
The VA funding fee is a one-time charge. It varies by down payment and whether it is your first VA loan. The fee can be rolled into the loan rather than paid in cash, which the calculator reflects.
VA loans charge no private mortgage insurance even with zero down, a major advantage over conventional and FHA loans. The monthly figure is therefore PITI without an insurance add-on for the loan itself.
The Complete VA Loan Calculator Guide
The VA loan is one of the strongest benefits available to those who served. It allows zero down payment, charges no monthly mortgage insurance, and often carries competitive rates — a combination no conventional loan can match.
The main cost is the one-time funding fee, which the calculator includes. The fee is lower with a down payment and is waived entirely for veterans with a service-connected disability rating, so confirm your category before assuming the full fee.
Eligibility runs through your Certificate of Eligibility, and the home must be your primary residence. Within those rules the VA loan is hard to beat, especially in Florida where the no-PMI feature offsets the state's higher insurance costs.
VA Loan Calculator FAQ
Do VA loans really require no down payment?
Yes, eligible borrowers can finance 100% of the purchase price within VA limits. A down payment is optional and lowers the funding fee, but it is not required.
Is there mortgage insurance on a VA loan?
No. VA loans carry no monthly mortgage insurance, which is a key savings versus FHA and low-down conventional loans. The trade-off is the one-time funding fee.