Refinance Calculators - Pitiful !

[Geoff Bishop]

Is there a single Refinance Calculator on the web that takes into account MORTGAGE INSURANCE (PMI)? As in, I'm paying it NOW, and I WON'T BE PAYING IT after I refinance, so include that in my monthly savings, please. Also, I would like for something to show me, what will I save, over the life of the loan, if I refinance, and hold the mortgage until it expires. I want the entire picture. Is that too much to ask?

Current Loan (FHA)

$224,257 Original Loan Amount (05/18/2018)

$215,850 Current Loan Amount (Today - 07/16/2020)

$271,000 Estimated Property Value (Today - 07/16/2020)

79.65 Loan to value ratio

$1,071 Current Principal and Interest Payment

$143 Current Mortgage Insurance Premium (MIP) Monthly Payment

$1,214 Current P&I INCLUDING MIP (Must use this number for comparison purposes!)

$0 HOA Fee

4.00% Current Interest Rate

0.80% Current MIP Interest Rate

Current Annual Escrow Payments

$923 Flood Insurance

$1,067 Hazard Insurance

$1,684 FHA Mortgage Insurance

$3,090 County Tax

New Loan (Conventional)

3.65% New Expected Interest Rate (Investment Property: 3.15% + 0.50%) (Is this # realistic?)

0% New Expected Mortgage Insurance Premium

75% Loan to Value needed to eliminate PMI/MIP on an Investment Property

Should I be willing to put a little cash INTO this Refinance, in order to eliminate the MIP and get a lower rate?