Wan 2.7 vs Veo 3.1: Open Model vs Closed Model in 2026

Quick verdict
Wan 2.7 gets within ~85% of Veo 3.1 on photoreal video at roughly 40% of the cost. For most professional work that gap still matters; for high-volume B-roll, Wan 2.7 is a no-brainer.
Comparison table
| Wan 2.7 | Veo 3.1 | |
|---|---|---|
| Photoreal quality | 8.5/10 | 9.5/10 |
| Native audio | No | Yes |
| Image-to-video | Yes (strong) | Yes (strong) |
| Cost / second | ~$0.30 | ~$0.75 |
Pick Wan 2.7 if…
- You generate at volume.
- You add audio in post anyway.
- You need open-weight flexibility.
Pick Veo 3.1 if…
- You need native dialogue and ambient sound in one render.
- The hero shot must hit 9.5/10 quality.
FAQ
Can I run Wan 2.7 locally?
Yes — and that is its biggest advantage over Veo 3.1.