Navigation
Estimate Your Closing Costs on VA Loans With Funding Fee Financed or Paid Upfront

VA Loan Closing Cost Calculator

Estimate Your Total VA Loan Closing Costs with Funding Fee

Use this calculator to help estimate closing costs on a VA home loan. Enter your closing date, the sale price, your military status & quickly see the estimated closing cost. This is an estimate of how much you will need on the day your home purchase is made. Please remember that this is an estimate, the actual fees and expenses may change depending on a variety of factors including the actual closing date, your military status & if you finance your funding fee. Below is a summary of the inputs and calculations used to create this estimate.

Enter Your Military Status to Get the Most Accurate Results Possible

The fifth section of the calculator [Loan costs] contains multiple important variables for veterans. Namely it lists VA status, loan use & if the funding fee is financed in the loan. By default these are set to active duty/retired military, first time use & funding fee financed.

  • Military Status; If you are a reservist or a member of the guard, please change this variable to reflect your funding fee.
  • First or Subsequent Use: If this is an additional use rather than first time use then reset that field to reflect the higher funding fee for subsequent uses.
  • Roll Funding Fee Into Loan: If you do not want to finance the funding fee, then set the financing option to No.
  • Injured in Service: If you were 10% or more disabled while in service, your funding fee can be waived. Set "finance the funding fee" to No and deduct that number from your cash due at closing to get your actual closing costs.

Other Options & Print Your Results

You can also edit any of the other variables in the calculator. For sections that are minimized by default, please click on the dropper in the upper right section to expand them. Once you are done with your calculations you can click on the [View Report] button to bring up a detailed report about your loan. Once you are in the active report view you can click the [Print] button to create a printer friendly version of your results.

For your convenience a tab at the top of the page shows current mortgage rates. You can use these rates to estimate the price of various mortgage loan products.

Current Mortgage Rates Rates

Veteran Saluting the United States Flag.

 

Current VA Loan Funding Fees by Military Service Status

Borrower Down Payment Funding Fee (1st use) Subsequent Funding Fee
Disabiled 10%+ in Service Any 0% 0%
Regular Military None 2.15% 3.3% *
Regular Military 5 - 10% 1.5% 1.5%
Regular Military 10% &Up 1.25% 1.25%
Regular Military Cash Out Refi 2.15% 3.3%
Reservist & National Guard None 2.4% 3.3% *
Reservist & National Guard 5 - 10% 1.75% 1.75%
Reservist & National Guard 10% &Up 1.5% 1.5%
Reservist & National Guard Cash Out Refi 2.4% 3.3%
Regular Military, Reservist & National Guard IRRRLs 0.5% 0.5%
Regular Military, Reservist & National Guard Manufactured Homes 1.0% 1.0%
Regular Military, Reservist & National Guard Loan Assumptions 0.5% 0.5%

* The higher subsequent use fee does not apply to these types of loans if the Veteran's only prior use of entitlement was for a manufactured home loan.

Source: Funding Fee Table [PDF] on benefits.va.gov, citing Public Law 112-56, signed November 21, 2011