FHA "one-time" MIP is a two timer!

California-

I'm using the FHA streamline refinance program through a company that claims "NO OUT OF POCKET EXPENSES". I closed on my the first loan paying $2K in FHA "one time" MIP, exactly 14 months later, I'm refinancing but noticed the lender slid in $1900 for another "one time" FHA MIP. I thought the mortgage insurance premium was assumable? Anyway, I talk to the lender tomorrow and I have three days to null the note so I was wondering if anybody out there had any thoughts or knew the rule.

[HomeGuru]

You should not have to pay twice for MIP.

[HUD-1]

The FHA up-front MIP will be due for each loan closed. (except condos) You had two loans, therefore thre will be two upfront MIP's. The good news is that you will receive a refund of the MIP you paid on your first loan. After 14 months, you will receive a refund of approximately 88% of the first MIP. In addition, the MIP rate for loans closing on or after 1/1/01 was lowered from 2.25% to 1.5%.