Calculator
VA Refinance Savings Calculator
IRRRL or cash-out — what does it actually save?
Monthly savings
$348
Current P&I
$2,183
New P&I
$1,835
Break-even
13 months
Lifetime interest savings
$46,571
IRRRL usually finances closing costs and the 0.5% funding fee into the loan. Break-even = closing costs ÷ monthly savings. Doesn't reflect changes in loan payoff timeline or tax deductibility.
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