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darrell wrote:Hello, how do I calculate my new loan amount if I refinance existing FHA loan via FHA Streamline Refiance.
Remaining balance: $148.5k
Bought on : Aug 2008
However, is calculating my new loan amount to $154.2k. I am not understanding why? I am choosing no-appraisal option.
I calculate my new loan amount to be $148.5k plus upfront mortgage insurance premium. That comes out to $148514.85Thanks
Any help
edit: I posted my comment in your original thread.
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