Sunspots, faculae and the magnetic network contribute to solar irradiance variations. The contribution due to faculae and the network is of basic importance, but suffers from considerable uncertainty. We determine the contrasts of active region faculae and the network, both as a function of heliocentric angle and magnetogram signal. To achieve this, we analyze near-simultaneous full disk images of photospheric continuum intensity and line-of-sight magnetic field provided by the Michelson Doppler Interferometer (MDI) on board the SOHO spacecraft. Starting from the surface distribution of the solar magnetic field we first construct a mask, which is then used to determine the brightness of magnetic features, and the relatively field-free part of the photosphere separately. By sorting the magnetogram signal into different bins we are able to distinguish between the contrasts of different concentrations of magnetic field. We find that the contrasts of active region faculae (large magnetogram signal) and the network (small signal) exhibit a very different CLV, showing that the populations of magnetic flux tubes are different. This implies that these elements need to be treated separately when reconstructing variations of the total solar irradiance with high precision. We have obtained an analytical expression for the contrast of photospheric magnetic features as a function of both position on the disk and magnetic field strength, by performing a 2-dimensional fit to the observations.