No-Cost Loan Calculator

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.

We’re VA+—we specialize in VA and also broker FHA, USDA, Conventional, Investment, and Commercial loans nationwide.

Inputs

Provide your scenario and pick a no-cost method.

Loan Amount ($)

Closing Costs to Cover ($)

Loan Term (years)

Planned Time in Loan (years)

No-Cost Method

Par Rate Source

Use today’s VA IRRRL par (auto)

Credit per 0.125% step (points)

0.375 pts/step

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

Apply Now Find My Options

Timelines and costs vary by loan type and eligibility.

No-Cost Loan Calculator

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