What are the sources for VA loan calculations?

The funding-fee chart effective April 7, 2023, published by the U.S. Department of Veterans Affairs on the VA funding fee and closing costs page, last updated October 5, 2026: https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/. That page’s example is a $200,000 purchase with $10,000 down and a 1.5% fee of $2,850. The payment uses the standard amortization formula. Reviewed 14 October 2026; the April 7, 2023 rates were still the published chart.

VA Loan Calculator

Price, down payment, your rate, and term. The funding fee uses the VA chart. Estimates, not a loan offer.

Purchase price ($) *

Down payment ($) *

Annual rate (%) *

Term (years) *

VA use

Service

Finance the funding fee

Smart Tips

• The fee is a percent of the base loan, which is price minus down payment.

• A 5% down payment uses 1.50%. A 10% down payment uses 1.25%. Under 5% depends on first or subsequent use.

• National Guard and Reserve do not pay a higher fee on the April 7, 2023 chart.

• You type the interest rate. This page does not quote a VA rate.

The Formula

Fee = (price − down payment) × chart rate

Base= Price − down payment
The fee is not charged on the price

Rate= Chart percent
From the April 7, 2023 VA chart

Note= Base, or base + fee
Only if you finance the fee

Payment= Amortized note
Standard payment on the note

Down payment of 5% on a $200,000 price is a $190,000 base loan and a 1.50% fee of $2,850, the example on the VA page. Financing the fee adds $2,850 to the note. The monthly payment then uses the standard amortization formula at the rate you type.

Key Insights

One purchase chart

First use under 5% down is 2.15%. Subsequent use under 5% down is 3.30%. From 5% to under 10% both are 1.50%. At 10% or more both are 1.25%.

Same Reserve rate

The service field records regular or Reserve. It does not change the percentage on this chart.

Fee at closing or in the loan

Financing is a choice on this page. Other closing costs are not added.

Not an eligibility check

Disability compensation, a Purple Heart, and surviving-spouse exemptions are not decided here.

VA funding fee chart

Down payment	First use	After first use
Less than 5%	2.15%	3.30%
5% to less than 10%	1.50%	1.50%
10% or more	1.25%	1.25%

Table year: effective April 7, 2023. Regular military, National Guard, and Reserve use this same chart. The fee is a percent of the base loan (price minus down payment), not the purchase price. The VA page that publishes the chart was last updated October 5, 2026.

Frequently Asked Questions

A one-time percentage of the base loan, which is the purchase price minus the down payment. It is not monthly mortgage insurance. The payment is principal and interest on the note.

Yes. Effective April 7, 2023, a down payment under 5% is 2.15% on first use and 3.30% on subsequent use. From 5% up to but not including 10% the fee is 1.50%. At 10% or more it is 1.25%.

Not on the chart effective April 7, 2023. Regular military, National Guard, and Reserve use the same percentages. The service choice records which group you selected and does not change the fee.

Yes. Choose to finance it and the fee is added to the base loan before the payment is calculated. Choose to pay it at closing and the note stays at the base loan.

No. You type the annual rate. The result is principal and interest only. It is not a lender quote and it does not decide whether a funding-fee exemption applies.

The funding-fee chart effective April 7, 2023, published by the U.S. Department of Veterans Affairs on the VA funding fee and closing costs page, last updated October 5, 2026. That page’s example is a $200,000 purchase with $10,000 down and a 1.5% fee of $2,850. The payment uses the standard amortization formula. Reviewed 14 October 2026; the April 7, 2023 rates were still the published chart.

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Funding fee

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Total interest

Note:Funding-fee rates are the VA chart effective April 7, 2023. The interest rate is the one you type. This is an estimate, not a Certificate of Eligibility or a lender Loan Estimate.