VA Refinance Calculator
Streamline or cash-out, with the funding fee difference between them.
VA Refinance Purpose
Current Loan
New Loan
Monthly Savings
+$227
IRRRL streamlines have minimal underwriting requirements; cash-out allows up to 90% LTV — the highest in the industry.
The schedule on the new loan
Amortisation of the refinanced balance including the funding fee.
360 payments · principal overtakes interest at payment 223
| Period | Paid | Principal | Interest | Interest to date | Balance |
|---|---|---|---|---|---|
| Year 1 | $25,932.96 | $4,426.37 | $21,506.59 | $21,507 | $356,024 |
| Year 2 | $25,932.96 | $4,699.38 | $21,233.58 | $42,740 | $351,324 |
| Year 3 | $25,932.96 | $4,989.22 | $20,943.73 | $63,684 | $346,335 |
| Year 4 | $25,932.96 | $5,296.95 | $20,636.01 | $84,320 | $341,038 |
| Year 5 | $25,932.96 | $5,623.65 | $20,309.31 | $104,629 | $335,414 |
| Year 6 | $25,932.96 | $5,970.51 | $19,962.45 | $124,592 | $329,444 |
| Year 7 | $25,932.96 | $6,338.76 | $19,594.20 | $144,186 | $323,105 |
| Year 8 | $25,932.96 | $6,729.72 | $19,203.24 | $163,389 | $316,375 |
| Year 9 | $25,932.96 | $7,144.79 | $18,788.17 | $182,177 | $309,231 |
| Year 10 | $25,932.96 | $7,585.46 | $18,347.49 | $200,525 | $301,645 |
| Year 11 | $25,932.96 | $8,053.32 | $17,879.64 | $218,404 | $293,592 |
| Year 12 | $25,932.96 | $8,550.03 | $17,382.93 | $235,787 | $285,042 |
| Year 13 | $25,932.96 | $9,077.38 | $16,855.58 | $252,643 | $275,964 |
| Year 14 | $25,932.96 | $9,637.25 | $16,295.71 | $268,939 | $266,327 |
| Year 15 | $25,932.96 | $10,231.66 | $15,701.30 | $284,640 | $256,096 |
| Year 16 | $25,932.96 | $10,862.72 | $15,070.24 | $299,710 | $245,233 |
| Year 17 | $25,932.96 | $11,532.71 | $14,400.25 | $314,110 | $233,700 |
| Year 18 | $25,932.96 | $12,244.02 | $13,688.94 | $327,799 | $221,456 |
| Year 19 | $25,932.96 | $12,999.21 | $12,933.75 | $340,733 | $208,457 |
| Year 20 | $25,932.96 | $13,800.97 | $12,131.99 | $352,865 | $194,656 |
| Year 21 | $25,932.96 | $14,652.18 | $11,280.77 | $364,146 | $180,004 |
| Year 22 | $25,932.96 | $15,555.90 | $10,377.06 | $374,523 | $164,448 |
| Year 23 | $25,932.96 | $16,515.35 | $9,417.61 | $383,941 | $147,932 |
| Year 24 | $25,932.96 | $17,533.98 | $8,398.98 | $392,340 | $130,399 |
| Year 25 | $25,932.96 | $18,615.44 | $7,317.52 | $399,657 | $111,783 |
| Year 26 | $25,932.96 | $19,763.60 | $6,169.36 | $405,826 | $92,019 |
| Year 27 | $25,932.96 | $20,982.58 | $4,950.38 | $410,777 | $71,037 |
| Year 28 | $25,932.96 | $22,276.74 | $3,656.22 | $414,433 | $48,760 |
| Year 29 | $25,932.96 | $23,650.72 | $2,282.24 | $416,715 | $25,109 |
| Year 30 | $25,932.96 | $25,109.44 | $823.52 | $417,539 | $0 |
What this calculation assumes
- Closing costs are rolled into the new loan, which is the usual VA structure.
- An IRRRL carries the lower streamline funding fee; a cash-out carries the higher one.
- Resetting the term restarts amortisation — a lower payment can still mean more interest overall.
- Rates, fees and the resulting savings here are illustrative and set by you.
Every rate, fee and premium on this page is illustrative and set by you, not quoted by us. Nothing here is an offer of credit or a commitment to lend.
Every input you change is written into the address of this page, so the link you copy reopens the calculator exactly as you left it.
What is the difference between an IRRRL and a VA cash-out?
An IRRRL is a rate-and-term streamline with a lower funding fee and lighter documentation; a VA cash-out lets you take equity out but carries the higher fee and a full underwrite. The calculator prices both from the same starting loan.
More guides in the learning centerNumbers are a starting point.
Bring yours to a loan officer and we will tell you which parts hold up and which ones move.
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