VA Funding Fee Calculator
The one closing cost unique to VA loans.
The selected down-payment percentage chooses the purchase-fee tier; this tool does not subtract the down payment from the base-loan input again. IRRRL uses its own 0.50% fee, so first-use and down-payment selections do not apply. VA determines whether an exemption applies.
Educational estimate only—not a Loan Estimate, credit decision, commitment to lend, or guarantee. Actual eligibility, rates, fees, payments, and terms may differ.
How to use the funding fee result
Purpose and assumptions
This tool applies the current VA percentage for the selected loan purpose to the base loan amount before the fee. For a purchase, enter price minus the actual down payment—not the purchase price itself.
The purchase down-payment percentage selects the fee tier; it is not subtracted from the base-loan input a second time. The financed-loan figure adds the fee to that base. Paying the fee at closing instead would not increase principal by the fee amount.
Interpretation and next step
VA—not this calculator—determines exemption status. The percentage can differ by loan type and down payment.
The result excludes lender and third-party closing costs. Compare it with the official VA fee table and your Loan Estimate before deciding whether to finance the fee.
Inputs to verify
- Base loan before the funding fee
- Purchase, cash-out, or IRRRL purpose
- Purchase down-payment percentage when applicable
- First or later use when applicable
- VA-confirmed exemption status
Reading the output
Match the result to VA’s current table for transaction type, use history, and purchase down-payment band. The current IRRRL fee is 0.50%, so first-use and down-payment selections are hidden for that purpose. VA decides exemption status. A later refund may apply when qualifying compensation has an effective date before closing. On a VA purchase, only the funding fee—not every closing cost—may be financed into the loan.
Purchase example
A hypothetical $300,000 purchase with $15,000 down has a $285,000 base loan. For a first-use purchase with 5% down, the current 1.50% tier produces a $4,275 funding fee. Financing that fee would make principal $289,275. The calculator does not subtract the $15,000 again because the entered base already reflects it.