Should I do conventional refiance at 4.4% or FHA @ 3.25% with PMI at 113.00 a month? My current loan is 4.875?

we can do a conventional mortgage from between 2.75% and 3%. call my office and ask for Kevin Bailie at 888 660 3033.Bob Schiano, President

That is a high rate for conventional in today's market, so I assume this means you have a weak credit score, as a conventional loan increases the interest rate as your score goes down. FHA pretty much gives everyone the same rate unless your score is very low. That is also a high rate for FHA today. For most people, the answer comes down to multiple factors, but most people would select the one with the lowest payment regardless if it has PMI attached or not. I lend in IA MN WI ND SD. Find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132