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VA Refinance Calculator | IRRRL vs Cash-Out, Payment & Savings
VA Refinance • IRRRL vs Cash-Out

VA Refinance Calculator

Compare an IRRRL (streamline) or VA Cash-Out refinance. See estimated new payment, monthly savings, funding fee (if applicable), and your break-even timeline.

Calculate Now Live Rate Estimates Call 877-720-1160

Refinance Details

Enter your current info and proposed new rate/term — results update instantly.

IRRRL is typically faster/streamlined. Cash-Out increases loan amount.
Financing increases loan amount/payment slightly.
IRRRL funding fee is commonly 0.50% (if not exempt). Cash-Out is commonly 2.15% first use / 3.30% subsequent use (if not exempt).
Used for break-even estimate. (This can vary by lender, state, and loan size.)
Estimated New Monthly Payment
$0/mo
Estimated Monthly Savings
$0/mo
Interest Savings (est.)
$0
VA Funding Fee (est.)
$0
Break-Even Time (est.)
N/A months
Savings vs Costs (visual)
Estimates are for planning. Exact pricing, fees, and eligibility depend on your full VA file, occupancy, and underwriting. Want a verified quote? Submit the form below.
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Get a Refinance Review (Fast)

Submit your details — we’ll confirm savings and next steps.

IRRRL (Streamline) Refinance

Often used to reduce the rate/payment with a simpler VA refinance process.

  • Typically less paperwork than other refis
  • Common VA funding fee: 0.50% if not exempt
  • Best when the rate drop improves your payment

VA Cash-Out Refinance

Used to access equity or restructure debt, with different requirements.

  • Can increase loan amount (cash out)
  • Funding fee commonly: 2.15% first use / 3.30% subsequent use (if not exempt)
  • Ideal when you need funds or debt consolidation

Break-Even Explained

Break-even estimates how long it takes savings to cover costs/fees.

  • Uses your closing costs and monthly savings
  • If savings are negative, break-even is “N/A”
  • We’ll verify real numbers on a quick review

VA Refinance FAQs

What is an IRRRL refinance?
IRRRL is a VA streamline refinance typically used to reduce your rate or payment. It can be simpler than other refinance types depending on the situation.
Does VA refinance have a funding fee?
Often yes, unless you’re exempt (commonly 10%+ disabled / exempt). IRRRL commonly uses a 0.50% funding fee when not exempt. Cash-Out commonly uses 2.15% first use / 3.30% subsequent use when not exempt.
Why is my savings negative?
Savings can be negative if the new rate is higher, the term change increases payment, or you add cash-out that increases the loan amount. Adjust your rate/term and cash-out to see options.
How do I get exact refinance numbers?
Submit the refinance review form on this page. We’ll confirm eligibility, pricing, fees, and the true payment and break-even timeline.

Disclosures: NMLS #213875 • Estimates only. Terms depend on credit, income, assets, property and market conditions. Subject to underwriting approval. Not a commitment to lend. Equal Housing Lender.