PAYMENT, COST, & RECOUPMENT

VA IRRRL
Calculator

Compare your current VA-backed mortgage with a proposed Interest Rate Reduction Refinance Loan using the new rate, term, funding fee, closing costs, monthly savings, seasoning, and expected time in the loan.

VA STREAMLINE REFINANCE

Build Your Plan

01

CURRENT VA MORTGAGE

Balance, Rate, Payment & Seasoning

$
%
years
$/mo
January 1, 2024
payments
Quick Select
02

PROPOSED IRRRL

New Rate, Term & Loan Structure

%
Quick Select
days
03

COSTS & FINANCING

Fees, Points, Credits & Funding Fee

$
points
$
$
$
$
04

COMPARISON PERIOD

How Long You Expect to Keep the New Loan

This is a preliminary planning comparison. The lender must verify the existing VA guaranty, occupancy certification, seasoning, payment history, fees, points, rate-reduction requirements, net tangible benefit, maximum loan amount, funding-fee status, and all other VA and investor requirements.

ESTIMATED MONTHLY SAVINGS

$0
Preliminary Benefit

Principal-and-interest comparison before taxes, insurance, HOA, or other housing expenses.

Current Principal & Interest$0
New Principal & Interest$0
Base IRRRL Loan Amount$0
VA Funding Fee$0
Modeled New Loan Amount$0
Estimated Cash Due at Closing$0
Statutory Fee Recoupment—
Economic Break-Even—
Interest-Rate Reduction0.000%
36-Month Recoupment ScreenReview
Seasoning ScreenReview
Net Tangible Benefit ScreenReview
i

GOLDEN OAK INSIGHT

The modeled payment reduction appears worth reviewing.

Confirm seasoning, costs, funding-fee status, and the lender’s formal IRRRL benefit analysis.

HOLD-PERIOD ANALYSIS

5-Year View

Break-even reached
Current Interest Paid$0
New Interest Paid$0
Current Remaining Balance$0
New Remaining Balance$0
Payment Savings Over Hold Period$0
Estimated Net Savings$0

IRRRL LOAN BREAKDOWN

See How the New Loan Is Built

VA allows eligible IRRRL costs and the funding fee to be included in the new loan. This planning breakdown separates financed amounts from cash due and the statutory recoupment screen.

CURRENT PRINCIPAL BALANCEExisting VA-backed mortgage
$0
Past-Due Installments / Allowable Charges$0
Eligible Closing Costs$0
Discount Points$0
Other Eligible Financed Amounts$0
VA Funding Fee$0
Modeled New VA IRRRL Loan$0

CURRENT VA LOAN

$0/mo

Balance$0
Rate / Remaining Term0.000% / 25 years
Loan TypeFixed
Hold-Period Interest$0

PROPOSED IRRRL

$0/mo

New Loan Amount$0
Rate / New Term0.000% / 30 years
Funding Fee$0
Hold-Period Interest$0

WHAT CHANGED

$0

Monthly Payment Change$0/mo
Recoupable Fees$0
Balance Difference$0
Comparison Period5 years

OFFICIAL VA RESOURCES

Review VA IRRRL Guidance

VA

VETERANS AFFAIRS

Interest Rate Reduction Refinance Loan

Review VA’s consumer overview of IRRRL eligibility, purpose, costs, and the application process.

Open Official VA Resource →
%

VETERANS AFFAIRS

Funding Fee and Closing Costs

Review the current IRRRL funding-fee rate, exemptions, payment options, and general closing-cost guidance.

Open Official VA Resource →

NEXT PLANNING TOOLS

Continue Planning

↔
Refinance Break-Even CalculatorFocus on the time needed to recover modeled refinance costs.
→ $
Refinance Savings PlannerCompare payment, term, interest, and remaining balance more broadly.
→ %
Mortgage Points CalculatorCompare the upfront cost of points with modeled monthly savings.
→

VA STREAMLINE REFINANCING REQUIRES A REAL BENEFIT

Review the Rate, Costs, Recoupment, and New Term Together

A personalized review can verify eligibility, seasoning, fee recoupment, funding-fee exemption, financed costs, rate-reduction requirements, and the formal net tangible benefit.

Review Plan >

This calculator provides simplified estimates for educational purposes only. Actual VA IRRRL eligibility, occupancy certification, payment history, seasoning, net tangible benefit, interest-rate reduction, fee recoupment, funding-fee exemption, allowable costs, financed amounts, payoff, payment, cash due, interest, and remaining balances may differ. The lender must verify all current VA, legal, investor, and underwriting requirements.