Sample 1: VA IRRRL Savings

Sample 2: High-Cost California Refinance (Los Angeles / Bay Area)

Sample 3: VA Cash-Out Refinance Example

1. New Monthly Payment
The calculator shows how much your new monthly payment may be with a lower interest rate or a new loan term.
2. Monthly Savings
You can compare your current payment to your new estimated payment.
California owners often save $200 – $600 per month.
3. Total Interest Savings
The calculator can show long-term interest savings if you lock in a lower rate.
4. Break-Even Point
It shows how long it may take to recover closing costs (if any).
Many VA refinances have low or no upfront cost.
5. Cash-Out Amount
For cash-out refinancing, you can estimate:
How much equity you can borrow
How your payment changes
How much cash you can receive
6. Shorter vs Longer Terms
You can compare 15-year vs 30-year options directly in the calculator.
7. Funding Fee Estimate
VA funding fee varies:
- IRRRL: 0.50%
- Cash-out refinance: 1.25% – 1.75%
- Disabled veterans: 0%

California has some of the highest mortgages in the country. Refinancing with a VA loan helps homeowners:
- Lower monthly payment
- Reduce interest rate
- Move from adjustable to fixed rate
- Tap into home equity with cash-out
- Remove old loan terms
- Pay off debt or remodel using equity
- Refinance even if the home value dropped (IRRRL)
This benefits homeowners in Los Angeles, Sacramento, Fresno, Riverside, San Diego, and many Bay Area cities.

- Lower payment for long-term budget relief
- Pay off credit cards or personal loans
- Home renovation or repairs
- Emergency cash needs
- Medical or family expenses
- Replacing high-rate non-VA mortgages