Refi & HELOC Question

[Julius Kerschinske]

My former residence (a condo) has the following monthly financials:

$55.00 Tax - County (until Jan 1, 2018, then $133)

$39.58 Insurance

$74.32 PMI

3.375% APR

Greenville, SC 29615

I purchased it for $82,500 in Oct 2012. The remaining principal is $71,600. The home could probably appraise for $110k or higher now. I would like to do a few things: be able to leverage my equity and be done with PMI (to balance out the increase in taxes). I've got a 780+ credit score.

A fellow REI said he's got a HELOC that costs him 4% APR to borrow against. That's the sort of situation I'd love to be in.

How much should I expect a refi & HELOC to cost me?

What is the process like for those that have gone through it?

Thank you!

Julius