FHA loan refinancing questions

[Dustin Mustach]

Not much progress has been made however I have saved up enough money to pay off a 20%($32,252) down payment if the correct move is to refinance. The numbers I know for sure as of now is that if I pay the PMI for the lifetime of the loan that will be a little over $36k extra and you don't need to be good with money to know you don't want to waste $36k. The $32k I spend on refinancing I will have to spend on the house no matter what and it saves me $36k... unless im looking at this all wrong.