23 Jul 2015 In order to obtain an MIP refund, the borrower must refinance the existing loan into another FHA loan. Borrowers who are delinquent in their  The FHA Streamline is the easy and fast way to refinance your FHA loan. Tip: Use our home loan calculator to estimate your monthly payment, including However FHA will refund a prorated amount of the UFMIP when refinancing with an  FHA Streamline refinance guidelines and Mortgage insurance calculations, find 2009, the new FHA mortgage's upfront mortgage insurance is equal to 0.01 percent of You can review your own FHA mortgage insurance refund chart at top.