VA IRRRL calculator

Check a VA streamline refinance (IRRRL) against the three tests it has to pass, and see your new payment and funding fee.

Rate reduction test

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36-month recoupment test

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Funding fee

Payment

Seasoning

Enter your first payment due date to see the earliest IRRRL closing date.

These calculators are for illustration only and aren’t an offer of credit or a loan estimate. They estimate principal and interest only; taxes, insurance and mortgage insurance aren’t included. By refinancing an existing loan, your total finance charges may be higher over the life of the loan.

The three VA IRRRL tests this calculator checks

1. Rate reduction. Under federal law (38 U.S.C. 3709), a fixed-to-fixed IRRRL must lower your rate by at least 0.50 percentage points, and a fixed-to-ARM IRRRL by at least 2.00 points. Going from an ARM to a fixed rate has no minimum. (An ARM keeps its starting rate only for an initial fixed period; after that, the rate and payment can go up.)

2. 36-month recoupment. Your fees and closing costs must be paid back by the lower monthly principal-and-interest payment within 36 months. The VA funding fee, taxes, escrow and prepaid items such as insurance don’t count.

3. Seasoning. VA can’t guarantee the IRRRL until you’ve made six consecutive monthly payments and 210 days have passed since your current loan’s first payment was due.

The funding fee for an IRRRL is 0.5% of the loan. Veterans receiving VA compensation for a service-connected disability, eligible surviving spouses receiving Dependency and Indemnity Compensation, and active-duty Purple Heart recipients are among those who are exempt. Read the full VA IRRRL guide.

Sources: 38 U.S.C. 3709; VA Circular 26-19-22; VA funding fee. Go Direct Lenders, LLC (also doing business as Veterans Direct) is a private lender and is not affiliated with the Department of Veterans Affairs or any government agency.

More free tools

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VA IRRRL calculator

Rate-drop, 36-month recoupment and funding fee checks.

Frequently asked questions

What closing costs count toward the VA IRRRL 36-month recoupment?

All fees and closing costs, whether paid in cash or added to the loan, except the VA funding fee, taxes, escrow amounts and prepaid items such as insurance.

How much is the VA IRRRL funding fee?

0.5% of the loan amount. Veterans receiving VA disability compensation and some others are exempt.

How soon can I do a VA IRRRL?

After you’ve made six consecutive monthly payments on your current VA loan and 210 days have passed since its first payment was due, whichever is later.

Go Direct Lenders, LLC DBA Veterans Direct | NMLS ID 1028986 | Equal Housing Opportunity. Not affiliated with the Department of Veterans Affairs or any government agency. By refinancing an existing loan, the consumer’s finance charges may be higher over the life of the loan.