VA IRRRL Payment Calculator

Property Tax rate: 0 Homeowner's Insurance rate: 0

VA IRRRL Payment Breakdown

Principal & Interest
VA MIP
Monthly Escrow
VA Mortgage Payment VA
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VA IRRRL Breakdown

VA Base Loan Amount
VA Funding Fee
VA Total Loan Amount

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Next: VA Cash-out Refinance

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.

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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Click here for more information on rates and product details.

*All calculations on www.WhatsMyPayment.com are for demonstration purposes only.
Every effort is made to maintain accurate calculations for each program listed. Actual numbers may vary.

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Excellent Credit

Pay everything on time. 700 plus credit score.

Good Credit

Pay on time with an occasional 30 day late payment. 640-700

Fair Credit

Some late payments and/or collections. 600-640

Poor Credit

Late payments, collections, judgments, bankruptcy. < 600

YES - Within the last three years.
YES - Between three & seven years ago.
YES - More than seven years ago.