Payment, MIP, and Break-Even Point

FHA Streamline
Calculator

Compare your current FHA mortgage with a proposed FHA Streamline refinance using principal, interest, monthly mortgage insurance, upfront MIP, credits, costs, and your expected time in the new loan.

FHA STREAMLINE CALCULATOR

Build Your Plan

01

CURRENT FHA MORTGAGE

Balance, Rate, Payment & MIP

$
%
years
$/mo
%
$/mo
June 15, 2021
late
Quick Select
late
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The borrower must have made all mortgage payments within the month due for the six months before case-number assignment and may have no more than one 30-day late payment during the previous six months for all mortgages. Payments for all mortgages secured by the subject property must also be made within the month due for the month before mortgage disbursement.

02

PROPOSED STREAMLINE

Rate, Term & Mortgage Insurance

%
Quick Select
%
%
03

MAXIMUM LOAN AMOUNT

Current Balance, Interest, MIP & Original Principal

$
$
$
i

The worksheet compares two base-loan calculations, uses the lower result, caps the base loan at the outstanding principal balance, and rounds down to the nearest $50 before adding the new upfront MIP.

04

COSTS & CREDITS

Closing Costs, UFMIP Credit & Escrow Funds

$
$
$
$
05

COMPARISON PERIOD

How Long You Expect to Keep the New Loan

This is a preliminary planning screen. The lender must confirm FHA insurance, payment history, seasoning, net tangible benefit, mortgage-insurance treatment, payoff, and all other program requirements. The payment-history screen assumes zero late payments in the most recent six months and no more than one 30-day late payment in the prior six months.

ESTIMATED MONTHLY SAVINGS

$0
Preliminary Benefit

Based on principal, interest, and modeled monthly FHA mortgage insurance.

Current P&I + MIP$0
New P&I + MIP$0
Rounded FHA Base Loan$0
Maximum FHA Streamline Loan$0
Modeled New Loan Amount$0
New Upfront MIP$0
Estimated Cash Due at Closing$0
Estimated Break-Even—
Payment Reduction0.0%
Net Tangible Benefit ScreenReview
Seasoning ScreenReview
New Monthly MIP$0

GOLDEN OAK INSIGHT

The modeled payment reduction appears worth reviewing.

Confirm eligibility, costs, MIP treatment, and how long you expect to keep the new loan.

HOLD-PERIOD ANALYSIS

5-Year View

Break-even reached
Current Interest + MIP$0
New Interest + MIP$0
Current Remaining Balance$0
New Remaining Balance$0
Payment Savings Over Hold Period$0
Estimated Net Savings$0

STREAMLINE LOAN BREAKDOWN

See How the New Loan Is Built

The modeled new loan starts with the existing principal balance and adds only the net upfront MIP when selected for financing.

CALCULATION 1 — CURRENT LOAN

OUTSTANDING PRINCIPAL BALANCEExisting FHA principal balance
$0
Plus Interest Due$0
Plus MIP Due$0
Less Old-Case UFMIP Credit−$0
Calculation 1$0

CALCULATION 2 — ORIGINAL LOAN

ORIGINAL PRINCIPAL BALANCEIncluding financed original UFMIP
$0
Less Old-Case UFMIP Credit−$0
Calculation 2$0
Lesser of Calculation 1 or 2$0
Outstanding Principal Balance Cap$0
Rounded Down to Nearest $50$0
Plus New UFMIP$0
Maximum FHA Streamline Loan Amount$0

CURRENT FHA LOAN

$0/mo

Balance$0
Rate / Remaining Term0.000% / 25 years
Monthly MIP$0
Hold-Period Cost$0

PROPOSED STREAMLINE

$0/mo

New Loan Amount$0
Rate / New Term0.000% / 30 years
Monthly MIP$0
Hold-Period Cost$0

WHAT CHANGED

$0

Monthly Payment Change$0/mo
Net Refinance Cost$0
Balance Difference$0
Comparison Period5 years

OFFICIAL FHA RESOURCE

Review FHA Streamline Requirements

F

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

FHA Streamline Refinance

Review HUD’s overview of FHA Streamline refinancing, documentation, payment history, and basic program requirements.

Open Official HUD Resource →

NEXT PLANNING TOOLS

Continue Planning

Refinance Break-Even CalculatorFocus on how long it may take to recover modeled refinance costs.
→ $
Refinance Savings PlannerCompare monthly payment, interest, term, and long-term savings more broadly.
→ %
Mortgage Points CalculatorCompare the upfront cost of points with the modeled monthly savings.
→

STREAMLINE DOES NOT MEAN COST-FREE

Review the Payment, MIP, Costs, and New Term Together

A personalized review can verify FHA eligibility, seasoning, payment history, MIP credit, lender credits, closing costs, and net tangible benefit.

Review Plan >

This calculator provides simplified estimates for educational purposes only. Actual FHA Streamline eligibility, payment history, seasoning, net tangible benefit, outstanding principal balance, allowable interest and MIP due, original principal balance, premium credit, maximum loan amount, closing costs, lender credits, escrow funds, cash due, interest, and remaining balances may differ. The lender must verify all FHA and investor requirements.