Estimating cash from an FHA cash-out refinance, line by line
HUD and consumer sources
How the math works
FHA Equity Calc bases its math on HUD's Handbook 4000.1 and its explanations on CFPB guidance. It is not a government website.
Last reviewed against the primary sources listed below.
Math notes
The cap and premium treatment follow HUD's handbook; premium rates come from your own Loan Estimate.
HUD and consumer sources
- HUD Single Family Housing Policy Handbook 4000.1
- HUD Mortgagee Letter 2023-05: Reduction of FHA annual mortgage insurance premium rates
- HUD FHA Resource Center: answers to common questions
- CFPB: What is a loan-to-value ratio and how does it relate to my costs?
- CFPB: What is mortgage insurance and how does it work?
- CFPB: What is a home equity line of credit (HELOC)?
- CFPB: Loan Estimate explainer
- CFPB: How should I use lender credits and points (also called discount points)?
- CFPB: What is an escrow or impound account?
- CFPB: Do I have the right to receive a copy of my home appraisal?
- CFPB: What's the difference between a mortgage lender and a mortgage servicer?