Am I wrong or is my loan officer?

[John Kurtis]

I got into a debate with a loan officer from my mortgage company on the phone. He wants me to refinance my FHA loan with 3.5% interest and 148$ Mortgage insurance premium, To a conventional loan with the same but maybe slightly higher interest rate but no MIP. I have about 24 years left on my loan so I said I'd wanna do a 25 year conventional to keep my payoff date the same.

He told me my payment would be about $1900 with no MIP and a 25 year loan. Vs my current payment of $1868. So I said there's little benefit to me bc I'm paying off the loan the same year and I pay slightly more every month to reach that end goal. So why would I refinance? And he kept telling me "I mean no disrespect but do you not see the benefit of not wasting 148$ on MIP every month?"

I get what hes saying, but a higher payment with the same amount of time left on the loan, am I ignorant for not seeing the benefit? Help.