Tools · Veterans

Utah VA Loan Calculator

Estimate a zero-down VA payment, model the funding fee, and see how VA compares to FHA and conventional financing on the same Utah home.

Estimated total monthly payment

$3,499

No monthly mortgage insurance is included, because VA loans do not require it.

Base loan amount: $500,000
VA funding fee: $10,750
Funding fee financed: $10,750
Total loan amount: $510,750
Principal & interest: $3,145
Property taxes (est.): $229
Homeowners insurance: $125
HOA dues: $0
Monthly mortgage insurance: $0 — VA loans have none
Total monthly payment: $3,499

Estimated cash to close

Down payment: $0
Funding fee paid in cash: $0
Closing costs & prepaids: $6,000
Seller / lender credits: -$0
Estimated cash needed: $6,000

Earnest money already deposited counts toward this total. Final figures come from your Loan Estimate and Closing Disclosure.

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The zero-down advantage

The same $500,000 Utah home, the same rate, three different programs. VA is the only one of the three with no down payment requirement and no monthly mortgage insurance.

$3,499/mo

Down payment: $0
Loan amount: $510,750
P&I: $3,145
Monthly MI: None

FHA (3.5% down)

$3,602/mo

Down payment: $17,500
Loan amount: $490,944
P&I: $3,023
Monthly MI: $225

Conventional (5% down)

$3,497/mo

Down payment: $25,000
Loan amount: $475,000
P&I: $2,925
Monthly MI: $218

In this scenario VA financing keeps roughly $17,500 in your pocket versus a 3.5% FHA down payment, $25,000 versus 5% down conventional, and avoids up to $225 per month of mortgage insurance.

Next steps for Utah veterans

VA Loan Resource Center →Certificate of Eligibility Guide →VA Funding Fee Guide →VA Loan Starter Kit →VA Cash-to-Close Worksheet →Home Affordability Calculator →

VA loan questions Utah veterans ask

Can I really buy a home in Utah with zero down using a VA loan?

Eligible veterans, active-duty service members, National Guard and Reserve members, and some surviving spouses can often finance 100% of a primary residence purchase price within their available entitlement, subject to lender approval and the property appraising at or above the purchase price.

Does a VA loan have monthly mortgage insurance?

No. VA loans never carry monthly private mortgage insurance. That is one of the largest monthly-payment advantages VA financing has over FHA and low-down-payment conventional loans, and this calculator reflects it in the comparison section.

What is the VA funding fee and can it be financed?

The VA funding fee is a one-time fee that helps sustain the VA loan program. It is commonly financed into the loan rather than paid in cash at closing. The percentage varies by down payment, service type, and whether the benefit has been used before, and many veterans receiving VA disability compensation are exempt.

How much cash do I need to close a VA loan in Utah?

With zero down and a financed funding fee, the remaining cash requirement is mainly closing costs and prepaid items — often offset by seller credits, lender credits, or gift funds. Enter your own closing-cost and seller-credit estimates above to see a scenario-specific number.

Is a VA loan always better than FHA or conventional in Utah?

Usually for eligible borrowers, because there is no down payment requirement and no monthly mortgage insurance. But a large down payment, a very short time horizon, or certain property types can change the answer. Run the comparison and review it with a licensed loan officer.

Related VA Guides, Calculators & Resource Centers

Everything a Utah veteran needs alongside the numbers.

Disclaimer: This calculator is for educational purposes only and does not represent a loan approval, pre-approval, qualification, commitment to lend, guaranteed available equity, guaranteed borrowing capacity, or guaranteed interest rate. Actual terms depend on credit, income, assets, property, occupancy, loan program, market conditions, and underwriting approval. VA funding fee percentages, exemptions, and entitlement are determined by the U.S. Department of Veterans Affairs, and this tool does not determine VA eligibility. Utah Homeownership Authority is not affiliated with or endorsed by the VA or any government agency. Please consult a licensed mortgage professional for a personalized review.

Last updatedJuly 6, 2026Fresh

Beginner

AI-ready summary

The Utah VA Loan Calculator estimates the monthly payment on a VA purchase with zero down, models the VA funding fee as financed or paid in cash, calculates estimated cash to close after seller credits, and compares the VA payment to FHA and conventional financing on the same Utah home — reflecting that VA loans carry no monthly mortgage insurance.

Key topics covered

VA loan
Zero down payment
VA funding fee
Certificate of Eligibility
Entitlement
Cash to close
Seller credits
VA vs FHA
VA vs conventional
Utah veterans

About this resource

Primary Topic: VA Loans
Secondary Topics: Home Buying · FHA Loans · Conventional Loans · First-Time Buyer
Geographic Focus: Utah
Intended Audience: Veterans · Active-duty service members · National Guard and Reserve · Surviving spouses
Key Concepts: Zero down payment · VA funding fee · No monthly mortgage insurance · Cash to close · Entitlement
Last Updated: July 6, 2026
Author: Tres Miller · NMLS #217768

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