11-15-2012 07:43 PM
11-15-2012 11:16 PM - edited 11-15-2012 11:25 PM
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
edit: I posted my comment in your original thread.