VA IRRRL Calculator — streamline refinance break-even and savings
[Pendiente de traducción profesional. Contenido en inglés mostrado como base.]
Is a VA IRRRL worth it?
The VA IRRRL Calculator compares a VA streamline refinance (Interest Rate Reduction Refinance Loan, 0.5% funding fee) to a VA cash-out refinance and shows your monthly savings, total interest savings, and the month you recoup closing costs. Use it if you already have a VA loan and want to lower your rate without a full re-qualification.
Preguntas frecuentes
What is the VA IRRRL funding fee?+
The IRRRL funding fee is 0.5% of the loan amount — far lower than the 2.15–3.3% on a purchase or cash-out — because the program is designed as a low-friction rate reduction for existing VA borrowers.
Do I need an appraisal for a VA IRRRL?+
Usually no. The IRRRL program waives the appraisal and income re-verification in most cases, which is why it's called a 'streamline' refinance. Closing is typically faster and cheaper than a standard refi.
Can I get cash out with an IRRRL?+
No. An IRRRL is rate-and-term only. If you want to take cash out of your equity, you need a VA cash-out refinance, which has a higher funding fee (2.15% first use). Toggle the calculator to compare both.
VA IRRRL Calculator
Ahorro mensual
$336
- Tasa de tarifa de financiamiento
- 0.50%
- Tarifa de financiamiento
- $1,825
- Nuevo C&I mensual
- $2,259
- C&I mensual actual
- $2,595
- Punto de equilibrio
- 21 meses
- Ahorro de interés total
- $34,391
¿Listo para iniciar su IRRRL?
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Results are estimates for comparison only. Actual rates, fees, and payments depend on your credit, lender, and market conditions. Not a commitment to lend.
Datos clave
- IRRRL funding fee
- 0.5%
- VA cash-out funding fee
- 2.15% (first use)
- Appraisal
- Usually waived (IRRRL)
- Best for
- Existing VA borrowers
Programa de préstamo
VA IRRRL