Calculators
VA IRRRL Calculator — streamline refinance break-even and savings
Compare a VA IRRRL streamline refinance to a VA cash-out refinance. See the 0.5% funding fee, break-even month, and monthly savings.
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.
Frequently asked questions
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.
VA IRRRL Calculator
Monthly savings
$336
- Funding fee rate
- 0.50%
- Funding fee
- $1,825
- New monthly P&I
- $2,259
- Current monthly P&I
- $2,595
- Break-even
- 21 months
- Lifetime interest savings
- $34,391
Ready to start your IRRRL?
Get pre-qualified in about 8 minutes — no credit pull.
Results are estimates for comparison only. Actual rates, fees, and payments depend on your credit, lender, and market conditions. Not a commitment to lend.
Key facts
- IRRRL funding fee
- 0.5%
- VA cash-out funding fee
- 2.15% (first use)
- Appraisal
- Usually waived (IRRRL)
- Best for
- Existing VA borrowers
Loan program
VA IRRRL
See full program details, eligibility, and benefits.