Original Principal Balance of existing FHA loan & Payoff Statement Date
Date of Payoff Statement
Maximum Insurable Mortgage Amount is the LOWEST OF Totals A or B
CALCULATION A
- The LESSER of:
Unearned UFMIP (from FHA Refinance Authorization printed on the FHA Case assignment/FHA Connection)
OR
New Estimated UFMIP
TOTAL A
Maximum Base Loan Amount before UFMIP
CALCULATION B
Statutory Limit for County
`
TOTAL B
***** The lesser of calculation A or B is the Maximum New Base Loan Amount ****
New Total Loan Amount:
Maximum Base Mortgage (the LOWEST OF Totals A or B)
+
New UFMIP (if financed)
Total New Mortgage Amount
IMPORTANT: Closing costs, discount points, prepaid items, and other financing costs may not be included in the new loan unless using
a credit qualifying streamline refinance with an appraisal.
Located on the "Refinance Authorization Screen" in FHA Connection. This will reflect loan amount after any principal
reduction.
Outstanding Principal Balance
(The outstanding principal balance may include interest charged by the servicing lender when the payoff
is not received on the first day of the month and up to 2 months monthly MIP as listed on the payoff but may not include delinquent interest, late
charges or escrow shortages or MIP)
Underwriter Name:
FHA Case #:
Borrower Name:
Loan #:
Date:
WORKSHEET
FHA STREAMLINE
$0.00
$0.00
