REFINANCE

VA IRRRL Maximum Loan & Cash Back

Calculate the VA Form 26-8923 maximum loan amount and check a proposed settlement for incidental refunds or excess loan proceeds.

VA IRRRL

VALast agency guidance update: Not yet verifiedLast verified: Nov 9, 2026Effective date: Not yet verified

Agency guidanceSee verification scopeView guideline history

VAForm 26-8923, November 2024 ↗

Source publication: Not yet verified
Last verified: Nov 9, 2026
Effective date: Not yet verified

Verified the preliminary and final passes and the instruction to round down if rounding. The form identifies its revision month; an exact publication or effective day is not established.

VA38 CFR § 36.4307(a)(4) ↗

Source publication: Not yet verified
Last verified: Nov 9, 2026
Effective date: Not yet verified

Verified the eligible balance, allowable costs, up to two financed discount points, and eligible energy improvements.

VALender’s Handbook, Ch. 6 § 1(f)–(g) ↗

Source publication: Not yet verified
Last verified: Nov 9, 2026
Effective date: Not yet verified

Incidental closing adjustments are distinct from equity withdrawal. Consult VA for an incidental refund above $500.

VAVA funding fee rate table ↗

Source publication: Not yet verified
Last verified: Nov 9, 2026
Effective date: Apr 7, 2023

The IRRRL rate is 0.50%, subject to exemption; financing the fee is optional.

01 / SCENARIO

Inputs

Start with the example or enter your own figures. You can type dollar amounts above the slider ranges.

Check any that apply

Start with the standard inputs. Select an option to see the extra fields.

The Veteran contributes cash to principal or finances energy improvements

I have final settlement figures or a proposed loan to check

The Veteran receives a documented incidental refund

Existing VA payoff on the expected payoff date

$0$10,000,000

Use the eligible payoff, including applicable accrued interest. Exclude costs counted below.

Other allowable closing costs and prepaids (line 8)

$0$50,000

Exclude origination, discount points, and funding fee. Enter the eligible net costs after any applicable credits, without subtracting the same credit twice.

Financed flat origination fee (line 6)

Financed discount points (lines 5 and 11)

Enter up to 2. Additional points paid in cash do not go on these lines.

VA funding fee treatment

02 / WORKSHEET

Results

mortgagerisk.link

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MortgageRisk is independent of the agencies cited. Results are for professional review and do not constitute an underwriting decision or loan approval.

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