CalHFA FHA Refinance Calculator

Refinance into a CalHFA FHA first mortgage — rate-and-term, Simple, or Streamline — and see the new loan amount, payment, savings, and break-even.

How the CalHFA FHA refinance works

Unlike the Conventional refinance, the CalHFA FHA refinance does NOT require your current loan to be a CalHFA loan.
No new down payment assistance is available on a refinance — MyHome, ZIP, and MyAccess are purchase programs.
If you have existing CalHFA assistance loans, they cannot be resubordinated. They must be paid off in full at the refinance — include the balance below so it is rolled into the payoff math.
Temporary buydowns are not available on CalHFA refinance programs.

Your refinance

Refinance Type

Current Home Value

Current First Mortgage Payoff

Existing CalHFA Assistance Balance to Pay Off

Total balance of any MyHome, ZIP, or MyAccess loans — they must be paid off in full at this refinance. Enter 0 if you have none.

Current Monthly Principal & Interest Payment

New Interest Rate %

Defaults to CalHFA's current Standard Rate Lock rate for this program, updated automatically from CalHFA's published rates.

See CalHFA's current rates

Term

30 years (CalHFA first mortgages are 30-year fixed)

FHA Upfront MIP %

Financed into the loan. Enter the figure from your Loan Estimate — Streamline refinances can differ.

FHA Annual MIP %

Paid monthly as part of your payment.

How HUD sets the upfront & annual MIP — FHA's official chart

Refinance Closing Costs

Finance the closing costs into the new loan

Cash Back at Closing

FHA rate-and-term refinances generally do not allow cash back beyond minor adjustments — see the flag below.

HOA Dues $/month

County limits

County

Your Annual Qualifying Income $ (optional)

Sales price limit: CalHFA sets no sales price limit.

Verify the income limit on CalHFA's official income limits sheet

Your new loan & payment

Base new loan—

FHA upfront MIP (financed)—

Total new loan—

Base LTV—

New principal & interest—

Monthly MIP—

Taxes (est. 1.25%/yr)—

Insurance (est. 0.25%/yr)—

HOA dues—

Current P&I—

Monthly P&I savings—

Cash needed at closing—

New total monthly payment—

CalHFA FHA refinance at a glance

The property must be your primary home (owner-occupied) only. The borrower(s) and all co-borrower(s) must reside in the property — non-owner-occupied co-borrower(s) are not allowed.
Your current loan does NOT need to be a CalHFA loan for the FHA refinance (Simple and Streamline are for existing FHA loans).
Minimum credit score 640 (660 for manually underwritten loans and manufactured homes).
Maximum debt-to-income ratio 45% (50% if your credit score is 700 or higher; 43% on manual underwrites).
Your income must be within CalHFA's limit for your county.
Maximum LTV follows FHA guidelines for the refinance type.
CalHFA lender fees are capped at the greater of 3% of the loan amount or $3,000.00, plus a $250.00 funding fee and $85.00 tax service fee.
Full program details: CalHFA Refinance Loan Programs Handbook (PDF)

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For educational purposes only. Figures are estimates based on the loan amount, note rate, and term you enter; they are not a loan offer, commitment to lend, or a guarantee of any rate or payment. Actual rates, payments, taxes, insurance, and qualification depend on credit profile, property, and lender approval. Existing CalHFA subordinate loans must be paid in full at a CalHFA FHA refinance and cannot be resubordinated. FHA upfront and monthly mortgage insurance figures are editable estimates — Streamline refinances can carry different upfront MIP, so confirm the figure on your Loan Estimate. Program terms per CalHFA (calhfa.ca.gov), checked October 2026; limits and terms change — confirm current terms before applying.