u/Dismal_Ship3613

Been in our home 6 years.

Balance on home loan is 350k

3.5% interest rate

currently paying 250 a month for PMI (FHA without 10% down)

Current home value ~ 615k

Should I refinance the remaining balance $350k at current rates today to eliminate PMI and potentially get a lower monthly mortgage payment?

Any thoughts or experience would be helpful.

thanks