VA IRRRL Calculator
Simple calculator for VA Interest Rate Reduction Refinance Loans
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Current Loan
$100k$1M
$100k$1M
2%10%
1 year30 years
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New VA Refinance Loan
2%10%
Example rate, yours may differ.
Rate Reduction: 1.000% ✓ Meets 0.5% requirement
Disabled veterans are exempt from VA funding fees on IRRRLs
$8,850
Estimated Closing Costs
Based on 3% of loan amount. Costs vary by state.
Your Results
$2005.08
Current Payment
$1745.04
New Payment
$260.04
Monthly Savings
$3120
Annual Savings
35
Months to Break Even
Visualization
Payment Comparison
Cumulative Savings (5 Years)
Break-Even Analysis
Trusted IRRRL Loan Officers
Work with experienced loan officers who specialize in VA Interest Rate Reduction Refinance Loans and understand the unique needs of veterans.
Patton Gade
National Director of Military Lending
I'm Patton Gade. I have spent my professional career helping veterans through the power of the VA Home Loan benefit.
Get Started with Patton
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Frequently Asked Questions About VA IRRRLs
What is a VA IRRRL?
A VA IRRRL (Interest Rate Reduction Refinance Loan) is a refinancing option for veterans who want to lower their interest rate on an existing VA loan.
Who is eligible for a VA IRRRL?
Veterans with an existing VA loan who want to refinance to a lower interest rate are eligible for an IRRRL.
What are the benefits of a VA IRRRL?
Lower monthly payments, reduced interest costs, and potentially shorter loan terms are the main benefits of a VA IRRRL.
Are there closing costs with a VA IRRRL?
Yes, there are closing costs, but they can often be rolled into the loan amount or covered by the lender.