Re-fi FHA -> Freddie Mac Home Possible Program

[Matt Steele]

HI BP Folks!

I have been looking into either paying forward my FHA loan to get out of PMI or refinancing. I have found some interesting calculators. Basically I could pay an additional $750 to principal and get out of PMI by 01/2022.

I purchased my property @ 3.5% down in July 2017 w/ 4.25% interest. I received an email from the Loan Office I went through, saying "I can get you out of FHA and into the Freddie Mac Home Possible program. It would save you about $200/month".

Looking for any recommendation how to approach this. 

Best, 

Matt