Refinancing from FHA to Conventional

[Ralph Verdugo]

Hi guys I currently have an FHA loan on my townhome that I purchased Aug 2019. I currently have a 3.5% 30 yr fixed and was looking into getting a 2.875% 30yr fixed conventional (main reason is I want to get rid of the PMI on the FHA and even though ill still be paying PMI with the conventional id much rather refinance now to get the lower rate and have the PMI removed once i get the 20% equity in the property) I was just curios to see if anyone has any input on whether or not it might be worth it. Thanks in advance.