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VA Funding Fee Calculator 2026

Your VA funding fee for a purchase, cash-out refinance or IRRRL — first or subsequent use, by down payment (2.15%, 1.5%, 1.25%, 3.3%, 0.5%) — plus what financing it costs and a comparison with FHA and conventional mortgage insurance. Rates confirmed on va.gov.

✅ Figures verified. VA funding fee rates (2.15% / 3.3% purchase, 1.5% and 1.25% with 5% and 10% down, 2.15% / 3.3% cash-out, 0.5% IRRRL) and the exemption list confirmed on va.gov on 8 October 2026.
$0
Funding fee rate—
Base loan amount—
Funding fee—
Total loan if the fee is financed—
Monthly P&I with / without the fee financed—
Interest paid on the financed fee over the term—
Fee at other down payments—
Versus FHA / conventional mortgage insurance—

In short

The VA funding fee is 2.15% of the loan for a first-use purchase with less than 5% down and 3.3% on subsequent use; 1.5% with 5% down and 1.25% with 10% down regardless of use; 2.15% / 3.3% for cash-out refinances and 0.5% for an IRRRL. Veterans receiving disability compensation, active-duty Purple Heart recipients and surviving spouses on DIC are exempt. It is usually financed, which adds interest, but VA loans have no monthly mortgage insurance.

Who this is for: US veterans and service members budgeting a VA purchase or refinance.

Not tax or legal advice. Fee per VA schedule; lender fees, closing costs and entitlement limits vary. Confirm exemption status on your Certificate of Eligibility.
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VA funding fee table

LoanFirst useSubsequent use
Purchase / construction, under 5% down2.15%3.3%
Purchase, 5% to under 10% down1.5%1.5%
Purchase, 10% or more down1.25%1.25%
Cash-out refinance2.15%3.3%
IRRRL (streamline refinance)0.5%
  • Rates have been in force since 7 April 2023 and apply to veterans, active-duty, National Guard and Reserve members alike.
  • The fee can be financed, but a financed $8,600 fee at 6% over 30 years costs about $10,000 more in interest.
  • Exemptions cover roughly a third of VA borrowers — check your Certificate of Eligibility, which states whether the fee is waived.
  • VA loans need no down payment, no mortgage insurance and have no loan limit for borrowers with full entitlement, though lenders apply their own caps.

See also: FHA Loan Calculator 2026, Mortgage Payment Calculator (PITI).

Sources: VA — Funding fee and closing costs. Checked 8 October 2026.

Assumptions

  • Fee = base loan × VA rate for loan type, use and down-payment band; 0% if exempt.
  • Financed fee added to the loan; extra interest = payment difference × months − fee.
  • FHA comparison: 1.75% upfront + 0.55% annual on 96.5% LTV; conventional PMI at 0.75%.

Worked example

$400,000 purchase, 0% down, first use, 6.0% for 30 years

Funding fee 2.15% × $400,000 = $8,600. Financing it makes the loan $408,600 and the payment $2,450 instead of $2,398 — $52 a month, or about $9,960 of extra interest over 30 years on top of the fee. With 5% down the fee would be $5,700; with 10% down $4,500. FHA on the same home would cost about $6,755 upfront plus $177 a month for life; VA has no monthly insurance.

Frequently asked questions

How much is the VA funding fee in 2026?

2.15% of the loan for a first-use purchase with less than 5% down, 3.3% for subsequent use; 1.5% with 5% down and 1.25% with 10% down; 0.5% for an IRRRL.

Who is exempt from the VA funding fee?

Veterans receiving disability compensation (or entitled to it but receiving retirement pay), active-duty Purple Heart recipients, and surviving spouses receiving DIC.

Can I roll the funding fee into the loan?

Yes — most borrowers finance it. It then accrues interest for the life of the loan.

Is the fee refundable?

If VA later grants a disability rating effective before your closing date, the fee is refunded.

Does the funding fee count toward closing costs?

It is separate from closing costs and is the only VA-specific fee; sellers can pay it as a concession.

Is there a VA loan limit?

Not for borrowers with full entitlement; those with partial entitlement are limited by the conforming limit in their county.

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Written by the Swift IT Sols editorial team · SWIFT SOLSRules sourced from the official authorities named on this page and last checked How we source and check calculators

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