How would I calculate mip refund on a streamline refund?

Total Upfront Mortgage Insurance premium minus the amount used to date. Typically most lenders will log into FHA's portal and tell it a closing date and the system calculates it automatically.

FHA Upfront MI refund starts at 80% on the first month, and drops 2% each month for 36 months which ends up at 10%. So for example, if you loan was originated on July 2014, and you close on the new loan July 2015, 13 months later, then you would get 56% of the original premium back as an FHA credit on your new FHA streamline refi.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com