MIP Calculator Results Page
Field Descriptions

The field descriptions for the MIP Calculator Results page are provided below in the order they appear on the page under their sections: Calculator Results and Loan Characteristics.

Field Description
Calculator Results
Upfront MIP FactorFactor used to determine the amount of upfront mortgage insurance premium (MIP).
Upfront MIP AmountAmount of upfront MIP required for FHA insurance on the mortgage loan.
Annual MIP FactorFactor used to determine the amount of annual MIP.
Estimated Annual MIP Amount ($nnn.nn - per month)Estimated amount of annual MIP required for FHA insurance on the mortgage. Note: This is the annual MIP amount for the first amortization year.
-and-
Estimated monthly (periodic) premium amount for the first amortization year (Annual MIP Amount divided by 12 and rounded to the second decimal place, based on the value in the third decimal place).
Loan Characteristics
Case Number Assignment DateMonth, day, and year (mm/dd/yy) the mortgage loan was assigned an FHA case number.
FICO Score Fair Isaac Corporation (FICO) credit score for the borrower(s) used for determining the FHA mortgage insurance premium (MIP) based on the loan's characteristics. (Not applicable to an FHA-to-FHA streamline refinance case.)
Loan Term (in months)Period of time in months from the beginning of loan amortization until maturity.
Mortgage Amount (w/o Upfront MIP)Mortgage amount, excluding any financed upfront mortgage insurance premium (UFMIP or MIP).
Appraised Value Appraiser's estimate of the market value of the property.
REO (PD) cases: Appraised value "as is."
New construction cases: Appraised value subject to completion per plans and specifications.
All other cases: Appraised value subject to any required repairs, alterations, inspections, or conditions.
Sale PriceContract sales price of the property.
First Time Homebuyer with HUD Approved CounselingIndicator specifying whether the borrower is a first-time home buyer and received pre-purchase home ownership counseling from a HUD-approved counseling agency.
Refinance TypeType of refinance case:
Not a refinance: Loan for the new purchase of a home rather than the refinancing of a loan.
Prior FHA: Prior loan was FHA-insured; refinance is not streamline.
Conventional - Not Delinquent: Prior loan was not FHA-insured and the borrower is not delinquent.
Conventional - Delinquent: Prior loan was not FHA-insured and the borrower became delinquent after a loan payment/rate adjustment.
Streamline Refinance: Prior loan was FHA-insured and refinance is streamline.

HOPE Loan: Loan is being refinanced under the FHA's HOPE for Homeowners program.

Was prior FHA case endorsed before 06/01/2009? For an FHA-to-FHA refinance case, indicator specifying whether the prior FHA-insured case was endorsed before June 1, 2009.
Yes: Refinance Type is Prior FHA or Streamline Refinance and prior FHA-insured case was endorsed before June 1, 2009.
No: Refinance Type is Prior FHA or Streamline Refinance and prior FHA-insured case was not endorsed before June 1, 2009.
N/A: Not applicable (Refinance Type is not Streamline Refinance).
Loan-to-value Ratio (LTV)Percentage of the property value or sales price that the mortgage covers.

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See Also

MIP Calculator - Business Background

MIP Calculator - Processing

MIP Calculator Page - Field Descriptions

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Last revised: November 5, 2015