What does a VA loan cost?
VA payment and funding fee for purchases and refinances, using the published fee table.
01Loan
02Funding fee
03Monthly extras
▦VA funding fee (purchase)
| Down payment | First use | Subsequent use |
|---|---|---|
| Less than 5% | 2.15% | 3.30% |
| 5% to under 10% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
Cash-out refinance: 2.15% first use, 3.30% subsequent. IRRRL: 0.50%. Exempt veterans pay no fee. This schedule took effect April 7, 2023, so confirm current figures with the VA.
≡Amortization schedule
360 payments · total interest $497,095
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $25,402 | $4,788 | $403,812 |
| 2 | $25,094 | $5,096 | $398,716 |
| 3 | $24,766 | $5,424 | $393,292 |
| 4 | $24,417 | $5,773 | $387,520 |
| 5 | $24,046 | $6,144 | $381,376 |
| 6 | $23,651 | $6,539 | $374,837 |
| 7 | $23,230 | $6,960 | $367,877 |
| 8 | $22,783 | $7,407 | $360,470 |
| 9 | $22,306 | $7,884 | $352,586 |
| 10 | $21,799 | $8,391 | $344,195 |
| 11 | $21,259 | $8,931 | $335,265 |
| 12 | $20,685 | $9,505 | $325,760 |
| 13 | $20,073 | $10,116 | $315,643 |
| 14 | $19,423 | $10,767 | $304,876 |
| 15 | $18,730 | $11,460 | $293,417 |
| 16 | $17,993 | $12,197 | $281,220 |
| 17 | $17,209 | $12,981 | $268,238 |
| 18 | $16,374 | $13,816 | $254,422 |
| 19 | $15,485 | $14,705 | $239,717 |
| 20 | $14,539 | $15,651 | $224,066 |
| 21 | $13,532 | $16,657 | $207,409 |
| 22 | $12,461 | $17,729 | $189,680 |
| 23 | $11,321 | $18,869 | $170,811 |
| 24 | $10,107 | $20,083 | $150,728 |
| 25 | $8,815 | $21,375 | $129,353 |
| 26 | $7,440 | $22,750 | $106,603 |
| 27 | $5,977 | $24,213 | $82,390 |
| 28 | $4,419 | $25,770 | $56,620 |
| 29 | $2,762 | $27,428 | $29,192 |
| 30 | $998 | $29,192 | $0 |
ƒHow this is calculated
- Funding fee = base loan × the fee % for your loan purpose, use and down payment.
- Lenders also check VA residual income alongside debt-to-income. Your Certificate of Eligibility confirms your entitlement and exemption status.
Estimates for illustration only. This is not a loan offer, rate quote, or commitment to lend. Results come only from the numbers entered above. Interest rates are examples you supply, not advertised rates, so check current rates before deciding. Fee schedules and limits shown are published figures that can change.
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Austin Gerimonte, NMLS #2277430 · CrossCountry Mortgage, LLC NMLS #3029 · Equal Housing Lender · NMLSConsumerAccess.org