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Government · VA · Renovation Refinance

VA Renovation Refinance Loan Payment Calculator

Roll your repairs into one VA loan based on the after-repair value. Estimate your financeable costs, funding fee, new payment, and cash to close.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

Are you a disabled veteran?

Disabled veterans are exempt from the VA funding fee.

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Estimate all labor and material costs.

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Your current payment excluding taxes, insurance, and MI.

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Are you thinking about buying another home after this one to continue your wealth journey?

Summary

Maximum VA Loan Allowed$300,000The lower of the after-repair value (ARV) and total financeable costs.
Total Monthly Housing Expense$2,196
Cash to Close — without lender credit$355,200Any financeable costs above the ARV cap come out of pocket. Not a Loan Estimate.

Loan Buildup

Total Property Costs$630,000Payoff + renovation budget + 10% contingency.
Total Financeable Allowable Costs$655,200Plus ~4% estimated closing costs.
VA Funding Fee (3.3%)$21,622
Funding Fee Discount (disabled)-$21,622
Final Loan Amount$300,000

Payment Breakdown

Principal & Interest Payment$1,996
Monthly Insurance$200
Monthly Taxes$300
Property Tax Discount (disabled)-$300
HOA Paid Separately$0
Monthly Income Target to Qualify$4,392Assumes a 50% DTI qualifying ratio.
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Estimates only — not a commitment to lend.

Jim Blackburn

By Jim Blackburn

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Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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