VARefinance.com
Free Educational Tool

VA Refinance Calculator

Plug in your numbers to see your estimated monthly savings, break-even timeline, and whether the refinance meets VA guidelines — before you ever talk to a lender.

VA Refinance Decision Tool

Should I Refinance My VA Loan?

Enter your current loan details and the new terms you're considering. We'll calculate your savings, break-even point, and check if you meet VA requirements.

Your Current Loan

$
Amount you currently owe
%
years

New Loan Terms

%

Costs & Fees

%
Lender fees, title, etc. (typically 1–2%)

Your Results

Monthly Savings
$237.75
$1,966.66 → $1,728.92
Break-Even Point
19 months
$4,500 in total costs
Lifetime Interest Savings
$19,289
Over remaining loan life
Cost Breakdown
VA Funding Fee (0.5%)$1,500
Closing Costs (1%)$3,000
Total Costs$4,500
New Loan Amount (with costs rolled in)$304,500
VA Requirement Checks
✓Net Tangible Benefit: Your rate drops 1.00% — meets the VA's 0.5% minimum reduction requirement for fixed-to-fixed IRRRL.
✓36-Month Recoupment: You'll recoup closing costs in 19 months — within the VA's 36-month guideline.
✓Monthly Payment: Your payment drops by $237.75/month — that's $2,853/year back in your pocket.
The Bottom Line

Based on these numbers, refinancing looks like a strong move. You'd save $237.75 per month, recoup your costs in 19 months, and save $19,289 in interest over the life of the loan. These are estimates — your actual rate, fees, and savings will depend on your lender, credit profile, and current market conditions.

This calculator is for educational purposes only and is not a loan offer, commitment, or guarantee. Actual rates, fees, and savings will vary based on your credit profile, lender, and market conditions. Consult a VA-approved lender for personalized advice.

Want to understand the numbers behind the calculator?

VA Streamline Refinance →

Learn how the IRRRL works, eligibility rules, and what the 0.5% net tangible benefit requirement means in practice.

VA Cash-Out Refinance →

Understand how cash-out transactions are structured, what the 2.15% funding fee covers, and when it makes sense.

IRRRL vs Conventional Refinance →

See a detailed comparison of VA IRRRL and conventional refinance costs, requirements, and long-term savings.