FHA Refi Crossroads checklist
Questions to ask a lender
Crossroads answer
Ask a lender to price both paths so you can compare them side by side.
Last reviewed against the primary sources listed below.
Current loan
- When does my current mortgage insurance end, if ever?
- Would I get any upfront premium refund?
Conventional option
- How much equity would I need to avoid private mortgage insurance?
- What would the new loan cost to close?
Comparing
- What is the break-even point between the two options?
How to use the answers
Enter the answers into the duration finder to see how long each path takes.