Do you only offer VA loans?

I am a full service mortgage broker. Although VA is the majority of what I do, I also have other mortgages like FHA, Conventional, USDA and Non QM.

Do you only service the Dayton and Cincinnati markets?

Dayton and Cincinnati are the majority of my business. However, I'm authorized to offer mortgage loans in 40 states. For loans outside of these areas, I can refer them to friends in the business.

VA IRRRL Recoup Calculator | Carlos Scarpero- Mortgage Broker

VA IRRRL Recoup Calculator

VA Interest Rate Reduction Refinance Loan — calculate your break-even point and verify the Net Tangible Benefit test.

Current Loan

Current Monthly P&I $1,850

$200$10,000

Your current principal & interest payment (exclude taxes & insurance).

Current Interest Rate 6.5%

0%12%

The rate on your existing VA loan.

Current Loan Balance $320,000

$50,000$1,500,000

Remaining principal balance on your current VA loan.

New Loan

New Interest Rate 5.75%

0%12%

The proposed rate for the IRRRL refinance.

Loan Term 30 years

5 years30 years

Select the loan term in years.

Closing Costs $4,500

$0$20,000

Estimated lender fees, title, appraisal, etc. Do not include prepaid taxes and insurance.

Include VA Funding Fee (0.5%) ($1,600.00)

Roll costs into loan

New Loan Amount

$0.00

Total loan after costs are applied.

Funding Fee

$0.00

0.5% IRRRL funding fee.

Total Refinance Cost

$0.00

Closing costs + funding fee.

Monthly Principal & Interest

$0.00

Expected monthly principal and interest payment.

Monthly Savings

$0.00

Break-Even Point

N/A

Lifetime Savings

$0.00

Cost Breakdown

For educational purposes only. This calculator provides estimates and does not constitute financial advice. Actual loan terms, rates, and costs may vary. Consult your VA-approved lender for exact figures. Not endorsed by the Dept. of Veterans Affairs or any government agency.

Take the 30 second mortgage quiz to see if you qualify