Estimate a near-accurate no-cost rate from today’s VA IRRRL par and compare monthly payments, break-even, and total costs over time. Adjust credit-per-step for local market conditions.
Inputs
Provide your scenario and pick a no-cost method.
Results
Comparison of traditional vs no-cost scenarios
Par Rate
6.500%
Traditional P&I: $2528/mo
Estimated No-Cost Rate
6.501%
No-Cost P&I: $2529/mo
Monthly Difference
$0/mo
Higher with no-cost
Break-even
1520 years 7 months
Total Cost Over 5 Years
Traditional: $157696
No-Cost: $151716
Savings with Traditional: $5980