VA Closing Cost Calculator: Estimate Your Total Fees

Estimate your potential VA loan closing costs by entering the home price, VA funding fee rate, lender and other fees, and funding fee exemption status. This calculator helps eligible veterans and service members explore how the funding fee and other estimated charges may affect their upfront homebuying budget.

• Home Price: Enter the purchase price of the property.
• VA Funding Fee: Enter the applicable funding fee percentage for your situation.
• Lender and Other Fees: Enter your estimated lender charges and other closing expenses.
• Funding Fee Exemption: Select “Yes” if you qualify for an exemption; otherwise, select “No.”

Select Calculate VA Costs to estimate the funding fee and combined costs entered into the calculator.

• VA Funding Fee: The estimated fee based on the home price and the percentage entered, unless you select the exemption option.
• Other Costs: The lender and other fees you entered.
• Total Closing Costs: The sum of the calculated funding fee and other entered costs.

Your actual closing costs may include additional expenses, such as appraisal charges, title services, recording fees, prepaid property taxes, and homeowners insurance. Some costs may be paid upfront, while others may be handled differently at closing.

Some VA borrowers qualify for an exemption from the VA funding fee, including certain veterans receiving qualifying VA disability compensation and other eligible circumstances. Eligibility depends on VA rules and the borrower’s specific situation. Selecting “Yes” in this calculator removes the estimated funding fee from the calculation, but it does not establish that you qualify.

The applicable funding fee rate can also vary according to factors such as first or subsequent use and down payment. Confirm the rate and any exemption with the VA or your lender before relying on the estimate.

Compare the estimated costs with your available savings and other expected expenses before closing. Even when a VA loan offers eligible borrowers favorable financing terms, you should budget for costs beyond the funding fee.

You can also use our VA Loan Calculator to estimate your mortgage payment and explore how the loan may fit your budget.

Important note: This calculator provides a simplified estimate, not an official Loan Estimate or final closing disclosure. It calculates the funding fee using the entered home price rather than necessarily the final VA loan amount, and it adds only the lender and other fees you enter. It does not itemize all possible closing costs or determine exemption eligibility.

The funding fee may be financed into the loan when permitted, so the amount added to the loan may differ from the cash required at closing. Verify current VA funding fee rules, exemption eligibility, and transaction-specific costs with your lender and official VA guidance.