Need help to see if it’s worth refinancing my Va Loan to a Conventional Loan

[Henry Rodriguez]

I'm considering refinancing my current VA loan, which has a 5.6% interest rate and a monthly payment of $3,200, into a conventional loan. I currently rent out my property for $4,100, giving me a cash flow of $900 per month. However, refinancing would likely mean I'd have to pay PMI, which could reduce my cash flow. I'm planning to refinance my Va Loan to a Convential Loan to free up my Va Loan again to buy a duplex for house hacking. Given these factors, is it worth losing some cash flow by refinancing to a conventional loan, or should I explore other options?