Fha Mip Refund Chart

Fha Mip Refund Chart. The chart shows the percentages of your refund based on the time that has passed after closing on the loan. Multiply your original upfront MIP amount by the eligible refund percentage to determine your total refund amount.

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This FHA MIP refund chart shows how your refund grows smaller with each passing month. These rates have been the same for the past few years. We will mail premium refund checks to you.

This amount is calculated as a percentage of the loan amount.

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On the FHA Connection, go to the Upfront Premium Collection menu and select Request a Refund in the Pay Upfront Premium section. In that case, you may get a portion of the upfront MIP applied to the MIP requirement on the refinance. This Federal Housing Administration (FHA) mortgage insurance premium (MIP) calculator accurately displays the cost of mortgage insurance for an FHA-backed loan.

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