Because you won’t need a new appraisal or extensive, your VA IRRRL is a relatively inexpensive refinance. While you can expect to pay between 2% and 5% in closing costs for a full refinance, a VA IRRRL may be cheaper.
Lenders can choose to charge 1% of the loan amount to cover their costs or itemize for certain allowable fees The only other charge is the 0.5% funding fee. All closing costs can be rolled into the loan itself.