va loan refinance calculator: understand payments, savings, and eligibility

A reliable calculator helps you estimate new monthly payments, compare interest rates, and preview closing costs before you commit. With a VA Interest Rate Reduction Refinance (IRRRL) or a cash-out option, the tool lets you test scenarios so you can plan with confidence.

What you need to enter

Gather recent statements and enter accurate figures. Small input errors can skew results, so double-check balances and your current note rate.

• Current loan balance and interest rate
• Estimated home value and desired term
• Projected new rate and lender fees
• Funding fee assumptions and any credits

Frequently asked questions

1. Will it show break-even time? Yes, many calculators estimate how long fees take to recoup through lower payments.
2. Does it include VA funding fees? Good tools model them; verify the percentage for your service history and exemption status.
3. Can it compare IRRRL vs cash-out? Often, by toggling equity amounts and purpose.

Use results as an educational guide, not a quote. Final terms depend on credit, occupancy, and market rates. Speak with a VA-approved lender to validate your numbers.