VA Mortgage Calculator · Practical guide
How Much Is the VA Funding Fee on a $300,000 House?
$6,450 with zero down for first-time use — and it drops fast if you put money down. Full breakdown below.
At a glance
The Short Answer
For a first-time VA loan on a $300,000 house with 0% down, the funding fee is $6,450 (2.15% of the $300,000 loan). Most buyers roll it into the mortgage, making the total loan $306,450. At 6% over 30 years that raises the monthly payment from about $1,799 to about $1,837 — roughly $38 a month.
Interactive tool
VA Mortgage Calculator
Enter your own values, then compare the result with the examples below.
The Fee at Every Down Payment Tier
The fee is charged on the loan amount, not the price, so a down payment shrinks it twice: the rate drops and the base shrinks.
| Down Payment | Loan Amount | Fee Rate (First Use) | Funding Fee |
|---|---|---|---|
| $0 (0%) | $300,000 | 2.15% | $6,450 |
| $15,000 (5%) | $285,000 | 1.50% | $4,275 |
| $30,000 (10%) | $270,000 | 1.25% | $3,375 |
Putting 10% down saves $3,075 in fee alone on top of borrowing $30,000 less.
Subsequent Use Costs More
Using your VA benefit again with less than 5% down raises the fee to 3.3% — $9,900 on a zero-down $300,000 purchase. The 1.5% and 1.25% tiers at 5% and 10% down stay the same for repeat users, so a down payment matters more the second time around.
Who Pays Nothing
Veterans receiving VA disability compensation (or entitled to it), eligible surviving spouses, and active-duty Purple Heart recipients pay a $0 funding fee at any down payment. If you qualify, enter 0 in the fee field of the calculator above to see your true payment.
Frequently Asked Questions
Can the VA funding fee be financed into the loan?
Yes, and most borrowers do. On a $300,000 zero-down purchase, financing the $6,450 fee makes the total loan $306,450.
Is the funding fee based on the home price or loan amount?
It is a percentage of the loan amount after the down payment. A 5% down payment on $300,000 means the 1.5% fee applies to $285,000, or $4,275.
Is the VA funding fee tax deductible?
The funding fee has generally qualified as deductible mortgage insurance premiums in years when Congress extends that deduction. Confirm the current rule with a tax professional.
Do I get the funding fee back if I refinance?
No, the fee is not refundable. However, exempt borrowers who paid the fee before their disability rating was finalized may qualify for a refund.