FHA Equity Calc glossary
Key terms
How the math works
These terms appear in FHA cash-out estimates, each with a primary source. This is not a government website.
Last reviewed against the primary sources listed below.
- Base loan amount
- The loan amount before the upfront mortgage insurance premium is added. Source: HUD Single Family Housing Policy Handbook 4000.1
- Appraised value
- The appraiser's opinion of the home's value, used to set the maximum loan. Source: HUD Single Family Housing Policy Handbook 4000.1
- Cash to close
- The amount due at closing, which can be negative when you receive cash. Source: CFPB: What is a Loan Estimate?