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VA funding fee rates (2026)
| Down payment | First use | Subsequent use |
|---|---|---|
| Less than 5% | 2.15% | 3.3% |
| 5% to under 10% | 1.5% | 1.5% |
| 10% or more | 1.25% | 1.25% |
Example: $400,000 with 0% down, first use → funding fee $8,600, total loan $408,600, payment $2,966.43/month at an example 6% rate.
Rates effective 2023-04-07. Sources: VA funding fee and loan closing costs (official) · Veterans United — VA Funding Fee chart · VA Loan Network — VA Funding Fee 2026. Last checked 2026-10-14. Confirm current rates on VA.gov before you close.
Assumptions
- VA loans have no PMI.
- Funding fee rates are from the current VA table; confirm on your Loan Estimate.
- Doesn't model residual-income or entitlement limits, which your lender checks.
- Property tax, insurance and HOA are estimates you can change.
Frequently asked questions
Do VA loans have PMI?+
No. VA loans don't charge private mortgage insurance, even with 0% down. Instead there's a one-time VA funding fee, which most borrowers roll into the loan.
How much is the VA funding fee?+
For a first-time purchase it's 2.15% of the loan with less than 5% down, 1.5% with 5% to under 10% down, and 1.25% with 10% or more. Subsequent use costs 3.3% with less than 5% down. See the table on this page.
Who is exempt from the VA funding fee?+
Veterans receiving VA compensation for a service-connected disability; Veterans rated eligible for compensation (pre-discharge or pending); Surviving spouses receiving Dependency and Indemnity Compensation (DIC); Active-duty service members who received a Purple Heart. Your Certificate of Eligibility shows your exemption status.
Can I get a VA loan with no down payment?+
Yes. Eligible veterans and service members with full entitlement can buy with 0% down. A down payment of 5% or more lowers the funding fee.
Calculator version 1.0.0. Results are estimates for educational purposes and are not a loan offer or financial advice.