VA IRRRL Calculator – Estimate Your Refinance Savings in California

Sample 1: Standard Refinance Savings

Sample 2: High-Cost California County

Sample 3: Lower Loan Balance Refinance

1. New Monthly Payment
The tool shows your estimated new payment after refinancing.
Lower rates = lower payments.
2. Monthly Savings
You can compare your current payment to your new estimated payment.
Many California homeowners save $120 – $500 per month, depending on loan size and rate change.
3. Total Interest Savings
Lowering your rate lets you pay less interest over the life of your loan.
4. Break-Even Point
You can estimate how long it takes to recover closing costs (if any) through your monthly savings.
Most IRRRL refinances have low or no out-of-pocket cost.
5. New Loan Term
You can choose a new 15-year or 30-year term and compare the difference.
6. Funding Fee Estimate
VA IRRRL funding fee is usually 0.50% of the loan amount unless you are exempt.
Example:
Loan amount: $400,000
Funding fee: $2,000
Disabled veterans often pay 0% funding fee.

California has higher home prices and larger loan balances, so even a small rate drop creates large savings. Homeowners choose the IRRRL because:
- No income documents required
- No home appraisal needed in most cases
- Fast approval timeline
- No out-of-pocket costs in many refinances
- Lower rate without restarting full paperwork
- You already qualify if you have an existing VA loan
This refinance helps homeowners in places like Los Angeles, Riverside, Sacramento, San Diego, Fresno, and the Bay Area.

Lower monthly payment
Move from adjustable-rate to fixed-rate
Remove extra costs from older loans
Improve long-term affordability
Reduce interest expense
Stabilize payments in uncertain rate markets