VA Refinance Calculator
Calculate your VA refinance savings with IRRRL or cash-out refinance options. Compare your current loan to a new VA loan with lower rates. Includes VA funding fee and cash-out analysis.
VA Refinance Calculator
What is most important to you?
Current Loan
New Loan
Monthly Payment Comparison
Total Interest Comparison
Your monthly payment will increase by $0.00 per month. Overall expenses (incurred and interest) are significantly higher.
Frequently Asked Questions
What is a VA IRRRL?
An IRRRL (Interest Rate Reduction Refinance Loan) is a streamlined refinance available to existing VA borrowers, typically used to lower your interest rate and payment without taking cash out. Leave the "Cash Out Amount" at $0 to model an IRRRL-style refinance.
Can I take cash out with a VA refinance?
Yes. A VA cash-out refinance lets eligible borrowers refinance into a new VA loan and receive cash from their home equity. Enter an amount in "Cash Out Amount" to see how it affects your new loan balance and payment.
Is the VA funding fee different for an IRRRL vs. a cash-out refinance?
Yes. IRRRL funding fees are typically lower (often around 0.5%) than cash-out refinance funding fees (often around 2.15-3.3% depending on prior use), since a cash-out refinance is treated more like a new loan. Adjust the funding fee input to match the type of refinance you're modeling.
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