Distinct from a standard VA purchase loan’s tiered fee structure — a VA IRRRL uses a single flat 0.5% rate regardless of down payment or prior use.
How it works
Loan amount times 0.5% gives the funding fee.
What this does not include
Veterans with qualifying service-connected disabilities and certain surviving spouses are exempt from the funding fee entirely — this calculator computes the standard fee for a non-exempt borrower.
How to use this calculator
- Enter the loan amount.
Frequently asked questions
What is a VA IRRRL?
A streamlined refinance available only to veterans who already have a VA loan, designed to lower their interest rate with reduced documentation and, in most cases, no appraisal required.
Can the IRRRL funding fee be financed into the loan?
Yes — most borrowers roll the funding fee into the new loan balance rather than paying it in cash at closing.
Is an IRRRL the same as a cash-out VA refinance?
No — an IRRRL is specifically a rate-and-term streamline refinance; a VA cash-out refinance is a different product with its own funding fee tiers, allowing the borrower to take equity out in cash.
