VA Loan Calculator — $0 Down, No PMI
Free VA loan calculator for veterans and active service members. Estimates your monthly payment including the VA funding fee, property taxes for all 50 states, and homeowner's insurance. No PMI. No mortgage insurance. Ever.
VA Loan — $0 Down, No PMI, No Mortgage Insurance
Available to veterans, active duty service members, National Guard, Reserve members, and eligible surviving spouses.
Home price — $350,000
Down payment — 0% ($0)
Interest rate — 6.80%
Loan term
State
VA loan usage
Home insurance — $150/mo
HOA — $0/mo
Extra monthly payment — $0/mo
Estimated monthly payment
$2,735
Loan amount: $357,525 · 30-year VA
Recommended gross income: $80,035/yr(41% DTI rule)
Payment breakdown
Amortization schedule
Loan amount
$357,525
Total interest
$481,561
Total paid
$839,086
Payoff
30y 0m
| Year | Principal | Interest | Balance |
|---|---|---|---|
| Year 1 | $3,774 | $24,196 | $353,751 |
| Year 2 | $4,039 | $23,931 | $349,712 |
| Year 3 | $4,322 | $23,647 | $345,390 |
| Year 4 | $4,625 | $23,344 | $340,765 |
| Year 5 | $4,950 | $23,020 | $335,815 |
| Year 6 | $5,297 | $22,672 | $330,517 |
| Year 7 | $5,669 | $22,301 | $324,849 |
| Year 8 | $6,067 | $21,903 | $318,782 |
| Year 9 | $6,492 | $21,477 | $312,290 |
| Year 10 | $6,948 | $21,022 | $305,342 |
| Year 11 | $7,435 | $20,534 | $297,907 |
| Year 12 | $7,957 | $20,013 | $289,950 |
| Year 13 | $8,515 | $19,454 | $281,435 |
| Year 14 | $9,113 | $18,857 | $272,322 |
| Year 15 | $9,752 | $18,218 | $262,570 |
| Year 16 | $10,436 | $17,534 | $252,134 |
| Year 17 | $11,168 | $16,801 | $240,966 |
| Year 18 | $11,952 | $16,018 | $229,014 |
| Year 19 | $12,790 | $15,179 | $216,224 |
| Year 20 | $13,688 | $14,282 | $202,536 |
| Year 21 | $14,648 | $13,322 | $187,888 |
| Year 22 | $15,676 | $12,294 | $172,213 |
| Year 23 | $16,776 | $11,194 | $155,437 |
| Year 24 | $17,952 | $10,017 | $137,485 |
| Year 25 | $19,212 | $8,758 | $118,273 |
| Year 26 | $20,560 | $7,410 | $97,713 |
| Year 27 | $22,002 | $5,967 | $75,710 |
| Year 28 | $23,546 | $4,423 | $52,164 |
| Year 29 | $25,198 | $2,771 | $26,966 |
| Year 30 | $26,966 | $1,004 | $0 |
Disclaimer: The results provided by this calculator are estimates for informational purposes only and do not constitute financial, legal, or tax advice. Actual loan terms, interest rates, monthly payments, and total costs will vary based on your credit profile, lender, and other factors. Property tax rates shown are state averages and may differ from your local rate. FHA mortgage insurance premiums (MIP) are based on current HUD guidelines and are subject to change. Always consult a licensed mortgage professional or financial advisor before making any borrowing decisions. HitCalc is not a lender and does not offer mortgage products.
Frequently asked questions
What is the VA funding fee and how much is it?
The VA funding fee is a one-time upfront fee paid to the Department of Veterans Affairs. It is typically financed into your loan rather than paid in cash at closing. For first-time VA loan users with 0% down, the fee is 2.15% of the loan amount. Subsequent use with 0% down raises it to 3.3%. Putting 5% or more down lowers the fee to 1.5%, and 10% or more brings it to 1.25%. Veterans with a service-connected disability rating and eligible surviving spouses are fully exempt.
Who qualifies for a VA loan in 2026?
VA loans are available to active duty service members who have served at least 90 consecutive days, veterans who meet minimum service requirements (generally 181 days during peacetime or 90 days during wartime), National Guard and Reserve members with at least 6 years of service or 90 days of active duty, and eligible surviving spouses of veterans who died in service or from a service-connected disability. You will need a Certificate of Eligibility (COE) from the VA.
Can I buy a home with $0 down using a VA loan?
Yes. VA loans are one of the only mortgage programs that allow 0% down payment with no private mortgage insurance. This is one of the most significant financial benefits of VA eligibility. You still need to cover closing costs, typically 2–5% of the loan amount, though seller concessions or lender credits can offset some or all of this.
Do VA loans require PMI or mortgage insurance?
No. VA loans never require private mortgage insurance (PMI) or mortgage insurance premiums (MIP), regardless of your down payment size. Conventional loans require PMI when your down payment is under 20%. FHA loans require MIP for the life of the loan. The VA funding fee is a one-time charge that replaces these ongoing costs — making VA loans significantly cheaper month-to-month than FHA for eligible veterans.
Is there a VA loan limit in 2026?
For veterans with full VA entitlement — meaning they have never used a VA loan, or have paid off a previous VA loan in full — there is no VA loan limit. You can borrow as much as a lender will approve without a down payment. Veterans with remaining entitlement from an active VA loan may face county-based limits. The standard conforming loan limit in 2026 is $806,500, which most lenders use as a practical ceiling for zero-down VA loans.
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