VA loan calculator

Zillow’s VA calculator estimates VA loan payments with taxes and insurance and explains that the payment includes principal and interest, with optional taxes and insurance added into the total [web:47]. VA loan explainers also note that the VA funding fee is a one-time fee based on factors like first-time use, down payment size, and disability exemption, while VA loans generally do not charge monthly mortgage insurance [web:54][web:51].

VA estimate

VA notes

Veterans United says the funding fee is calculated as a percentage of the total loan amount and that, as of the current fee schedule it cites, first-time use with less than 5% down is 2.15%, while subsequent use with less than 5% down is 3.3%, with lower rates at 5% and 10% down and many exempt borrowers paying no fee [web:54]. Jason Skinrood’s VA funding fee examples also emphasize that VA loans can have no down payment and no monthly mortgage insurance, with the funding fee acting as the tradeoff [web:51].