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VA IRRRL Calculator

The VA's Interest Rate Reduction Refinance Loan (IRRRL) offers an opportunity to lower your current VA mortgage payment by streamlining the refinance process.

Your current mortgage must be a VA loan, and you are not permitted to get cash back at closing.

Use a VA cash-out refinance for that.

Step 1: Enter your current VA loan's balance.
Step 2: Choose new loan terms to calculate your new VA payment.
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VA Funding Fee

Receive VA Disability

Had Previous VA Loan

Tax & Insurance

VA IRRRL
Payment
$4,233
Principal & Interest$3,025
Property Tax$967
Home Insurance$242
Get Pre-Approved
VA
Loan
$466,320

Base VA Loan$464,000
VA Funding Fee 0.5%$2,320
Total VA Payments$1,088,834

Today's VA Loan Rates

We use your calculator inputs to find mortgage rates matching your loan terms in real-time.

Credit Score
760-850
$464,000 Loan80% LTV30 years760 Credit Score in CA

VA IRRRL Payment Calculator

If your current mortgage is a VA loan, you may be eligible to lower your rate, lower your payment, or shorten your loan term with a streamlined VA loan refinance. AKA: VA IRRRL

In many cases lenders will not require an appraisal or income verification. This makes refinancing possible even if you owe more than your home is worth.

VA IRRRL Process

Each VA lender is different, but most will ask you to provide copies of the following:

  • Current Mortgage Statement
  • Homeowner's Insurance Declarations Page
  • Mortgage Note from Current VA Loan (found in the papers you received at closing)
  • HUD/Settlement Statement from Current VA Loan (found in the papers you received at closing)

The process is generally much easier than traditional refinances.

Request a VA IRRRL quote to see how much you can save.

What is a VA IRRRL?

VA IRRRL (Interest Rate Reduction Refinance Loan) is a streamlined VA refinance allowing those with VA loans to refinance to a new VA loan with better terms. In many cases no income verification and no appraisal are necessary.

NO CASH OUT!

VA IRRRL loans are available only to change the rate and/or term of your current VA loan. If you are looking to get cash back or if your current loan is something other than VA (FHA, USDA, conventional), then your new VA loan will be considered a cashout refinance.

What's My Payment? (WMP) is not a mortgage lender, nor are we affiliated with any government agency, including FHA, VA, USDA, FANNIE MAE, or FREDDIE MAC. We do not originate mortgage loans.

WMP provides information and mortgage payment calculations for a variety of loan types, both government (FHA, VA, USDA, etc.) and in general. While every effort is made to ensure the information we provide is accurate, all calculations and information provided throughout this website are for demonstration purposes only.

Equal Housing Opportunity
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