Trapped paying PMI. refi doesnt help with current interest rates

[Arthur Hawkins]

I bought a condo in 2017 using an FHA loan. I missed the window for a low-interest rate Refi. Now, refi increases monthly overhead even when removing PMI.

What should people do in this situation? What are the options?

Thank you

[Caroline Gerardo]

@Chris Seveney the 1.75 PMI with today's FHA loan never goes away.  Only way to get rid of it is refinance or sell. 

What is monthly MI fee and what is balance- then what is new payment on conventional. If it is lower and you plan to hold for ten years, do a par rate or zero points loan and pray rates come down in the future. If payment is the same leave it alone.