VA Loan Calculator
See how much you save with a VA loan vs. conventional financing. Calculate your payment, funding fee, and the true cost advantage of $0 down and no PMI.
VA Loan Advantage
$33 /mo saved
vs. conventional with 10% down + PMI
VA Loan
Conventional
Understanding Your VA Loan Advantage
No down payment required
VA loans are one of the only mortgage programs that allow $0 down on a home purchase. A conventional buyer needs 5-20% down on the same home. On a $400,000 house, that's $20,000-$80,000 you keep in your pocket.
No PMI — ever
Conventional borrowers who put less than 20% down pay private mortgage insurance (PMI), typically $150-$400/month. VA loans never charge PMI regardless of your down payment. Over 30 years, that's $54,000-$144,000 in savings.
VA funding fee explained
The one-time funding fee (2.15% for first use, $0 down) keeps the VA loan program running. It can be rolled into the loan so you don't pay out of pocket. Veterans with service-connected disabilities are exempt from the funding fee entirely.
Lower rates than conventional
VA loans consistently offer rates 0.25-0.50% below conventional loans because the government guarantee reduces lender risk. That quarter-point advantage saves thousands over the life of the loan.
Reusable benefit
Your VA loan benefit isn't a one-time offer. You can use it multiple times — to buy, refinance, or do a cash-out refinance. Entitlement can be restored when you pay off a VA loan.
Who qualifies?
Veterans with 90+ days wartime service, 181+ days peacetime service, active-duty members with 90+ days, National Guard/Reserve with 6+ years, and qualifying surviving spouses. You'll need a Certificate of Eligibility (COE) to confirm.
Ready to Use Your VA Benefit?
Whether you're buying or refinancing, your VA benefit gives you advantages conventional borrowers can't match. Apply in under 2 minutes.