REFINANCE CALCULATORS

Net Tangible Benefit

Choose the correct benefit test or compare refinance options by payment, rate, and closing-cost break-even.

Compare P&I and interest rates, model fee recoupment, and screen standard seasoning inputs.

Screen VA cash-out refinance benefits, Type I or Type II seasoning, loan-to-value, and the extra VA-to-VA Type I tests.

Model FHA payment and combined rate changes and screen standard seasoning at case assignment.

Check RefiNow and Refi Possible borrower benefit, or compare standard conventional and FHA refinance payments and closing-cost break-even.

What each worksheet compares

Program	Benefit and cost checks	Timing checks
VA IRRRL	Rate reduction, monthly P&I savings and statutory fee recoupment.	First payment due date, new closing date and six consecutive payments.
VA Standard Refinance	Eight possible benefit paths, LTV and additional VA-to-VA Type I checks.	Type I uses the first payment due date. Type II uses the first payment actually made, when refinancing VA to VA.
FHA Streamline	Combined note and annual MIP rate, P&I plus MIP, and applicable term reduction rules.	Original closing, first payment due date, payments and new FHA case assignment.
Conventional & FHA standard	RefiNow and Refi Possible require 50 bps and a lower payment with MI. Standard options provide comparison only.	No recoupment limit is applied to these modes.

Open the worksheet for exceptions, guidance dates, and source links. These checks do not establish overall loan eligibility.