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VA published rate charts

VA Funding Fee Calculator

The VA funding fee from the published rate charts: loan type, first or subsequent use, and down payment, including the option to finance the fee.

Your numbers

VA funding fee on this loan

A one-time percentage of the loan amount from the charts VA last revised on 7 April 2023. Not monthly mortgage insurance, and not an entitlement decision.
EFFECTIVE 2023-04-07

VA funding fee rate chartsva-funding-fee-2023-04-07-v1

$The financed amount before adding this fee
%Percent of the purchase price. The 5% and 10% steps are the ones VA prints.
Exemption and a prior VA loan

Disability compensation, DIC, or a Purple Heart can zero the fee. VA still has to agree.

Disability compensation, DIC surviving spouse, or Purple Heart, among others. VA decides.

VA funding fee

$7,525.002.15% of the base loan amount, added to the note.
Published rate2.15%
Base loan$350,000
Loan with fee$357,525
How we got this
  1. Loan typeFirst use of a VA-backed or VA direct home loanPurchase or construction
  2. Published funding-fee rateEffective 2023-04-07. Applied to the loan amount, not the purchase price.2.15%
  3. Funding fee$350,000 × 2.15%$7,525.00
  4. Loan amount with the fee financedThe same fee is added to the note. VA does not recalculate the percentage on the larger amount. Other closing costs cannot be financed on a purchase.$357,525
What we assumed
  • The limit here is the VA funding fee chart, not an entitlement, occupancy, or credit decision.
  • A prior VA loan used only to buy a manufactured home still counts as first use for these rates.
  • If the fee is financed, VA still computes it on the loan without the fee included, then adds that dollar amount to the note.
  • An IRRRL’s exact financed amount can also go through VA Form 26-8923. This page applies the published 0.5% chart rate to the loan you type.
  • FHA mortgage insurance and conventional PMI are different products and are not this fee.
  • Seller credits and other closing costs are negotiated with the lender. They are not in this number.
Technical details

Method va-funding-fee-v1.1.0Data va-funding-fee-2023-04-07-v1

Guide

How the VA funding fee is read from the chart

CostAnswer editorialIndependent calculator publisher

The calculator multiplies your loan amount by the percentage VA published for that loan type, first or subsequent use, and, on a purchase, the down-payment step. It is a one-time fee, not monthly mortgage insurance, and marking yourself exempt here does not make VA agree.

Purchase loans change at 5% and 10% down

First use under 5% down is 2.15%. At 5% or more it drops to 1.5%, and at 10% or more to 1.25%. After first use the zero-down rate is 3.3%; the 5% and 10% steps match first use. VA’s own example of a $200,000 house with $10,000 down is a $190,000 loan and a $2,850 fee.

Cash-out refinance ignores those down-payment steps: 2.15% first use, 3.3% after. IRRRL is 0.5%. Financing the fee adds that same dollar amount to the loan. VA computes the percentage on the loan without the fee included, then adds it — it does not compound.

Questions about this calculator

How much is the VA funding fee on a first-use purchase with no down payment?

2.15% of the loan amount, from the charts effective 7 April 2023. On a $350,000 loan that is $7,525, paid in cash or added to the note if you finance it. Financing does not increase the fee itself.

Who does not pay the VA funding fee?

People receiving VA disability compensation, those eligible for it who take retirement or active-duty pay instead, DIC surviving spouses, some pre-discharge ratings, and active-duty members who document a Purple Heart by closing. This page will zero the fee if you mark an exemption. The lender and VA still have to accept it.

Is the VA funding fee the same as FHA MIP?

No. FHA charges an upfront and an annual mortgage insurance premium from a different handbook. Conventional loans may charge PMI. This page is only the VA funding fee chart.

Terms used here

VA funding fee
A one-time percentage of a VA-backed or VA direct loan, paid at closing or financed into the loan. It is not monthly mortgage insurance.
First use
The first VA-backed or VA direct home loan, except a prior loan used only to buy a manufactured home, which VA still treats as first use for these rates.
IRRRL
Interest Rate Reduction Refinance Loan, a VA streamline refinance. Its funding fee is 0.5% on the current chart.

Practical tips

  • If you can put 5% or 10% down on a purchase, the chart steps down. Run both before you assume zero-down is cheaper overall.
  • A Certificate of Eligibility is a separate VA document. This page does not request one.

Limits and caveats

  • Not a VA eligibility, occupancy, or residual-income decision.
  • Seller concessions, discount points, and other closing costs are outside this fee.

Results are for information. They are not legal, tax, medical, or financial advice. How the math is maintained · Report a wrong figure.

Engine notes

Rounding, versioning, and omissions that sit beside the guide rather than repeating it.

  • The fee is a percentage of the loan. VA’s worked example of a $200,000 house with $10,000 down is a $190,000 loan. First use at 5% down is 1.5% of $190,000, which is $2,850. The percentage is never applied to the purchase price.
  • Purchase loans step at 5% and 10% down. Under 5% down, first use is 2.15% and subsequent use is 3.3%. At 5% or more both are 1.5%. At 10% or more both are 1.25%. Cash-out does not use those steps: 2.15% first use, 3.3% after.
  • Financing the fee grows the loan. Paid in cash or financed, the fee is the chart percentage times the loan without the fee included. That is VA Pamphlet 26-7 chapter 8. Financing then adds that same dollar amount to the note. Other closing costs on a purchase cannot be rolled in.
  • Exemptions are a VA determination. Disability compensation, a DIC surviving spouse, a pre-discharge rating, or a Purple Heart on active duty can zero the fee. Marking the box here does not make it true at closing.

Calculation receipt

What each number here is

This answer is built from published figures. Each one is named below, with the release it came from.

VERIFIEDVA funding fee rate charts · Charts effective 2023-04-07
Sets the figures this answer is made of. Without it the page says so rather than estimating.

If a source above is unavailable or out of date: The fee is the percentage VA printed, times the loan amount. There is no formula behind those percentages that survives losing the chart.

Sources

Where this data comes from

VA funding fee and loan closing costsU.S. Department of Veterans Affairs, VA funding fee rate charts, effective April 7, 2023, confirmed still the published charts on 8 September 2026. Snapshot va-funding-fee-2023-04-07-v1.Effective 2023-04-07 · page updated 2026-01-15 ↗

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