Recommended Free Tools
For most FHA-insured forward purchase and refinance loans, the upfront mortgage insurance premium (UFMIP) is 1.75% of the base loan amount. You can generally pay it entirely in cash at closing or finance it entirely into the mortgage. It is separate from the recurring monthly mortgage insurance premium (MIP).
How much is FHA UFMIP?
The U.S. Department of Housing and Urban Development (HUD) lists the standard UFMIP for most covered forward purchase and refinance loans at 1.75%—175 basis points—of the base loan amount. HUD’s 2024 premium FAQ gives this rate for purchase, refinance and Streamline Refinance loans; the 2025 Handbook 4000.1 excerpt states the standard as 175 basis points unless the applicable program or premium chart specifies otherwise. See HUD’s mortgage insurance premium FAQ and the FHA Single Family Housing Policy Handbook.
Estimate the charge by multiplying the base loan amount—not the home price—by 0.0175. For example, a $300,000 base loan amount produces an estimated $5,250 UFMIP at the standard rate. That is arithmetic using HUD’s published rate, not a lender quote; the applicable program and loan details determine the actual amount.
How can you pay UFMIP?
HUD’s Handbook 4000.1 says the premium must be paid entirely in cash or financed entirely into the mortgage. The standard rule is not a split payment. Your Loan Estimate should show how your lender is handling it.
#1 Best Overall
- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan AMT, Int, Term, PMT. This industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and much more
- CONFIDENTLY AND EASILY SOLVES: All your clients' financial questions whether they are buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: At the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or tvm calculations Find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: Reduce your clients' confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket User's Guide, and long-life batteries
| Payment choice | What it means | Main trade-off |
|---|---|---|
| Pay in cash | The full UFMIP is included in cash settlement requirements. | You need more cash at closing, but the premium is not added to the mortgage balance. |
| Finance it | The full UFMIP is added to the mortgage amount, subject to HUD’s rules. | You need less cash for the premium at closing, but finance a larger amount and incur interest on it. |
Compare the cash required at settlement, the resulting mortgage amount if you finance the premium, and your expected time in the loan. The interest cost of financing depends on the loan terms and how long you keep the mortgage; ask the lender to show the borrower-specific figures.
How is UFMIP different from monthly MIP?
UFMIP is a one-time upfront charge. Monthly MIP is a separate recurring premium: HUD describes it as an annual premium paid in monthly installments. Its amount and duration depend on factors including the loan term, base loan amount and loan-to-value ratio. The 1.75% UFMIP rate is not the monthly MIP rate. HUD’s premium FAQ and Handbook 4000.1 set out the distinction.
Rank #2
- Loan Amortization and Remaining Balances
- Instant Principal, Interest, Interest Only and Total Payments
- Future Values
- Date math function
Which loans have different UFMIP rules?
Legacy FHA refinances
HUD’s 2024 FAQ lists a 0.01% UFMIP for a narrow group: Streamline Refinance or Simple Refinance loans of FHA mortgages endorsed on or before May 31, 2009. This is a legacy exception, not the standard rate for new FHA purchase loans. Ask your lender to confirm the prior loan’s endorsement date and the applicable case treatment.
Programs outside the standard forward-mortgage structure
HUD says the standard forward-mortgage premium structure in its FAQ does not apply to Home Equity Conversion Mortgages (HECM), Title I loans, Hawaiian Homelands loans under Section 247, or Indian Lands loans under Section 248. These programs have their own guidance; do not assume the standard 1.75% treatment applies.
Rank #3
- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
See HUD’s FAQ for premium rates and program scope. Because HUD’s handbook index reported an update on August 12, 2026, check the live Handbook 4000.1 and applicable premium chart for the rule in effect for your loan.
Can you get UFMIP back when you refinance?
Generally, UFMIP is not refundable. HUD’s handbook identifies an exception in connection with refinancing into a new FHA-insured mortgage. HUD’s homeowner fact sheet explains that an eligible refund from the prior premium may be applied toward the new loan’s upfront premium. Eligibility and the amount depend on the borrower’s existing FHA case and other conditions, so do not assume you will receive a refund or credit. Ask the lender to verify the existing case and show any estimated credit in the refinance figures. See HUD’s FHA homeowner fact sheet.
Rank #4
- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, long-life battery, 1-year warranty
What should you check on the Loan Estimate?
Ask the lender to identify these items so you can compare the estimate with your available cash and expected loan costs:
- The base loan amount used to calculate UFMIP.
- The UFMIP rate and dollar calculation.
- Whether the premium is paid at settlement or financed, and the resulting mortgage amount.
- Any prior FHA premium credit applied to a refinance.
- Monthly MIP and other closing costs, shown separately from UFMIP.
Does the lender have a 10-day UFMIP deadline?
HUD’s operational guidance requires the mortgagee—the lender—to remit UFMIP within 10 calendar days after closing or disbursement, whichever is later. This is the lender’s remittance deadline, not a separate post-closing payment deadline for the borrower. HUD’s current guidance describes a one-time 4% late charge when receipt is more than 10 days late, plus an interest charge if payment is received after 30 days, calculated at the Treasury Current Value of Funds Rate then in effect. See HUD’s upfront premium remittance guidance and late and interest charges guidance.
PC Slower Than It Used to Be?
A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11Outdated Drivers Are Slowing You Down
One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchQuick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
