A HIP multicast mode; based dynamic multicast routing algorithm (HIPDMR) was brought out and network model was established to describe and simplify problem to be researched. HIPDMR used Bellman-Ford as routing search algorithm, which can determine dynamic multicast routing with minimum hop number and overhead while meet constraints of bandwidth, delay, jitter and packet loss rate. Simulation experiments result show that HIPDMR can build dynamic multicast routing under constraints of multiple QoS comparing with algorithms that not considering QoS assuming network node output link capacity be equal