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Location-based traditional mortgage calculator with taxes and insurance estimates.

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Calculators

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Current homeowners can compare monthly payments with a range of interest rates.

Veteran
Calculators

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Veterans and active service members can buy their new home with no down payment.

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VA IRRRL Payment Calculator

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.

%
Poor
Taxes & Insurance
2.75%
0.33%

Estimated tax rates for demonstration purposes only: tax-rates.org

No
Yes

VA IRRRL Payment

$

0

/mo

Loan Breakdown
VA Base Loan Amount$306,839
VA Funding Fee (2.15%) $6,484

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.