Current loan vs. IRRRL — side by side.

Current VA loan

Current

1st pymt date

Earliest close (210-day)

—

Months left

—

Current loan balance

Escrow balance (from stmt)

Interest rate

Term (mo)

Principal

Interest

P&I Total Payment$2,075.00

HOI /mo

Taxes /mo

HOA /mo

Other /mo

Total payment$2,545.00

New IRRRL options

New IRRRL

New

Est. close of escrow

1st Payment Due—

New Loan Balance (Est.)

Funding fee

Total loan amount

$326,625

Rate

Term (mo)

Prepaids

Closing costs

Discount points

Total closing costs$0

Roll costs into loan

Principal$357.51

Interest$1,497.03

P&I Total Payment$1,854.54

HOI /mo

Taxes /mo

HOA /mo

Other /mo

Total payment$2,324.54

Monthly savings

$220.46

Break-even

0 mo

0.0 yrs

VA IRRRL 36 Mo Recoup

0.0 mo

Passes

Estimates for comparison only. Actual rates, fees, and terms depend on your credit, lender, and market conditions. VA funding fee shown at 0.5% for a standard IRRRL — exempt veterans may qualify for a waiver.