VA Loan Details
Borrower Type
Loan Usage
Disability Exemption
VA disability rating 10%+
Exempts you from the VA funding fee entirely
Property & Loan
$
$
$0 down is fully allowed with VA entitlement.
Monthly Costs & Income
$
$
$
Your VA Loan Analysis
Total VA monthly payment
$—
Principal · Interest · Taxes · Insurance · No PMI
Principal & Interest
$—
PMI
$0 ✓
Property Tax
$—
Home Insurance
$—
VA Entitlement & Loan Info
Loan amount
$—
With funding fee
$—
2026 VA limit
No limit
Down payment
$0
VA Funding Fee Breakdown
Funding fee rate
Based on type, usage, and down payment
—%
Funding fee amount
Rolled into your loan amount
$—
Added to monthly payment
Amortized cost over loan term
+$—/mo
VA vs. Conventional loan comparison
| VA Loan | Conventional | |
|---|---|---|
| Down payment | $0 ✓ | $— |
| Interest rate | —% | —% |
| Monthly P&I | $— | $— |
| PMI / month | $0 ✓ | $— |
| Total monthly | $— | $— |
| Upfront cost | $— | $— |
| Min. credit score | None (lender varies) | 620 |
VA funding fee rates — 2026
| Type | First Use | Subsequent | 5%+ Down | 10%+ Down |
|---|---|---|---|---|
| Active / Veteran | 2.15% | 3.30% | 1.50% | 1.25% |
| Guard / Reserve | 2.40% | 3.30% | 1.75% | 1.50% |
| Surviving Spouse | 2.15% | 3.30% | 1.50% | 1.25% |
| IRRRL Refinance | 0.50% (all types) | |||
Residual Income Check
Gross monthly income
$—
VA housing + debt payments
$—
Your residual income
$—
VA required minimum (family of 2)
$—
—
What is residual income? Unlike DTI, VA lenders also check that you have enough money left after all payments to cover living expenses. It's one of the reasons VA loans have the lowest default rates of any loan type.
Why VA loans are uniquely powerful
No PMI ever — saves most borrowers $100–$300/month vs. conventional with under 20% down
No down payment required — full purchase price can be financed with VA entitlement
Lower interest rates — VA loans average 0.25–0.50% below conventional because the government guaranty reduces lender risk
No prepayment penalty — pay off early at any time with no fees
Assumable loan — another buyer (veteran or civilian) can take over your VA loan, a major selling advantage when rates are high
Foreclosure assistance — the VA has a dedicated team that helps veterans avoid foreclosure, an ongoing benefit with no expiration
VA loan eligibility requires a Certificate of Eligibility (COE) from the VA. Funding fee rates shown are for 2026 and are subject to change by Congress. Disability exemptions require verification through the VA. Residual income requirements vary by region and family size. Consult a VA-approved lender for exact qualification requirements.
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