how is fha upfront mip calculated
FHA Upfront Mortgage Insurance Premium Rates. The Upfront Mortgage Insurance Premium (UFMIP) is a fee thatâs charged to the borrowers up front for all FHA purchase loans, cash-out refinances and rate-term refinances that arenât streamline loans. Purchase and non-streamline refinance loans have Upfront MIP amounts of 1.75% of proposed loan amount and is added to the mortgage balance at closing. 1  Purchase Loans, Cash-Out Refinance or Rate-Term Refinance UFMIP Rate of 1.75%. 2  FHA Streamline Refinance Original FHA loan endorsed before 6-1-2009 â UFMIP Rate of 0.01%.