VA Loan Calculator
Calculate your VA loan payment including the funding fee, and compare savings vs conventional financing.
VA Loans in 2026: The Best Mortgage Benefit Available
VA loans offer the best financing terms available in 2026: no down payment required, no PMI, lower rates than conventional, and flexible qualifying guidelines. On a $400,000 purchase with 0% down, a qualified veteran saves approximately $200-300/month compared to a conventional loan with PMI — roughly $72,000-$108,000 over the loan life.
The VA funding fee is the primary cost unique to VA loans. For first-time use with no down payment, it's 2.15% — $8,600 on a $400,000 loan, typically financed into the loan. Veterans with service-connected disabilities rated at 10%+ are exempt from the funding fee entirely, making VA loans even more valuable.
VA Loan Entitlement and No Loan Limits
Since 2020, veterans with full entitlement face no VA loan limit — you can finance any amount the lender approves. If you have partial entitlement (because you still have an active VA loan), limits apply based on county conforming loan limits. Most veterans should use VA financing over any conventional or FHA option whenever eligible.