Honed Money · Military & first responders

See the VA loan in full.

Estimate the funding fee, financed loan balance, and monthly principal and interest—then compare the opening payment with a conventional loan carrying PMI.

Purchase details

YOUR ESTIMATE
$
$
The funding-fee tier is based on the down payment as a share of the home price.
%

Conventional-loan comparison

%
Adjust this planning assumption to a lender quote. PMI is set to $0 automatically at 20% down.

Your entries stay in this tab and are not saved.

The fee changes the balance.

A lower down payment can preserve cash, while financing the VA funding fee can add a little to each monthly payment. Put both in view.

VA purchase funding-fee rates checked October 7, 2026. Rates used: 2.15% / 3.30% below 5% down, 1.50% at 5%–9.99%, and 1.25% at 10% or more; qualifying exemptions use 0%.

Read the official VA guidance ↗

Estimate only — not lending advice. This tool models a VA-backed purchase loan and an illustrative conventional loan. It excludes property taxes, homeowners insurance, HOA dues, closing costs, discount points, lender fees, eligibility and entitlement limits, and possible rate differences. PMI pricing and cancellation rules vary. Confirm your funding-fee exemption and loan details with VA and a lender.

Last reviewed: October 2026.