VA Loan Calculator
Calculate VA loan payments including the funding fee, check residual income requirements, and verify eligibility.
Quick Answer: For a $400,000 home with VA financing at 6.25% interest over 30 years, your estimated monthly payment is $3,016 (including $2,516 P&I, $400 taxes, and $100 insurance). The VA funding fee would be $8,600.
Property & Loan
Property taxes & insurance
Illustrative statewide average, not your county bill, as of 2026. Figures are mean effective rates on owner-occupied housing (ACS calendar year 2024), rounded. County millage and assessed value can differ a lot — edit the tax % after picking a state.
Source: Tax Foundation Facts & Figures 2026, Table 33 (ACS CY 2024)
VA Status
Residual Income Test
May Not Qualify
$3,016/mo
DTI too high at 58.6% (max 41%).
Payment Breakdown
Base Loan Amount
$400,000
Funding Fee
$8,600
Total Loan
$408,600
Principal & Interest
$2,516
Property Tax
$400
Insurance
$100
Eligibility Checklist
✓
Military Service
Eligible service confirmed
✓
Residual Income
$2,484 available (needs $1,082)
✗
Back-End DTI
58.6% (max 41%)
VA Loan FAQs
Active duty service members with 90+ days of service, veterans who meet minimum service requirements, National Guard/Reserve members with 6+ years, and certain surviving spouses. A Certificate of Eligibility (COE) from the VA is required.
No, VA loans do not require a down payment for loans within the conforming limit. However, making a down payment reduces your funding fee. No down payment is one of the biggest advantages of VA loans.
The VA funding fee is a one-time payment that helps fund the VA loan program. For first-time use with no down payment in 2026, it is 2.15%. It decreases with a larger down payment and is completely waived for veterans with service-connected disabilities.
Yes, VA loan benefits are reusable. You can restore your full entitlement by selling the property and paying off the VA loan. Some veterans may even have multiple VA loans simultaneously if they have remaining entitlement.