What Is a VA Refinance?

Veterans, active-duty service members, surviving spouses, and members of the National Guard or Army Reserve may qualify for a VA mortgage from the U.S. Department of Veterans Affairs (VA).

You may be able to refinance your VA mortgage loan with a VA IRRRL, also known as a VA streamline refinance. These refinances can help you lower your VA rate and monthly payment with less paperwork and a faster closing. Our VA refinance calculator can help you estimate your savings by lowering your rate.

You can also refinance your VA loan and get cash from your home’s equity with a VA cash out refinance.

Using a VA Mortgage Refinance Calculator

With our VA refinance calculator, you’ll enter your original loan amount, loan term length (typically 15 or 30 years), number of years paid, current interest rate, and new interest rate.

Using Freedom Mortgage’s VA refinance calculator makes it easy to figure out what refinancing your VA loan might look like. Refinancing a mortgage loan is a big decision, but our easy-to-use VA refinance calculator can help you see if it’s the right move before you choose to apply for a VA refinance.

Final Thoughts: How a VA Refinance Calculator Can Help

Our VA refinance calculator can help qualifying VA homeowners estimate the benefits of refinancing their existing VA loan into a new VA loan. See what a lower interest rate could mean for your monthly payment with a VA streamline refinance so you can confidently make the best financial decision for you.