PLAN YOUR
NEXT MOVE.
Buying or refinancing? See how the numbers change your estimated payment.
How this estimate works
UNDERSTAND
YOUR NUMBERS.
Purchase estimates use the home price minus your down payment. Refinance estimates use your existing mortgage balance, any cash out you request and the closing costs you choose to finance. VA Streamline is for an existing VA loan; cash-out refinancing can refinance a VA or non-VA mortgage.
VA funding fees vary by loan type: purchase fees account for your down payment and prior benefit use; streamline refinancing uses 0.5%; cash-out uses 2.15% for first use or 3.3% for subsequent use. Select the exemption option to model no funding fee. Financing the fee increases the balance and interest paid.
Taxes and insurance are divided across 12 months. Estimates use a fixed rate and your selected term. Refinance costs are editable and are not a quote; actual costs, program limits and eligibility depend on your loan. Totals are calculated before rounding, so displayed components may differ from the total by a dollar.
Review the current VA funding fee rules