The fee schedule we use
First use with less than 5% down is 2.15%. Subsequent use at that down payment is 3.30%. From 5% to under 10% is 1.50%. Ten percent or more is 1.25%. The exempt setting forces the fee to zero.
Marking exempt does not create an exemption. VA or the lender confirms it.
Zero down is not universal
The math allows a zero down payment. Entitlement, residual income, and the property still control whether a loan is made.
A funding fee that is financed increases the balance. The payment is principal and interest on that larger amount.
| Down payment | First use |
|---|---|
| Under 5% | 2.15% |
| 5% to under 10% | 1.50% |
| 10% or more | 1.25% |
Calculators
Related guides
Sources
Common questions
Do I pay PMI on a VA loan?
Not in this model. The cost is the funding fee unless an exemption applies.
Can a surviving spouse use this calculator?
The fee math is the same. Eligibility for surviving spouses has its own VA rules, which this page does not decide.