<prompt> Human: EDIT: Im a dumbass. Just went through all of these documents from last year and my note rate is 4.25 PLUS PMI of 1.6... damn. Im not sure how to format such questions, so if I omit a detail just ask.House purchased in June 201430 year FHA HUD? Loan 115,000 4.25 I believe this includes 1.25 or 1.5 PMI MIP Loan was originally with a company of a family friend but was immediately sold to Wells Fargo.My monthly payment is 1000, and 430 of that is applied to my escrow balance which includes a 1500 annual insurance policy, 2200 property tax, and the 1500 PMI mortgage insurance premium. The house is being fixed up, and I believe it will conservatively appraise for 150,000 within 6 - 12 months Im still making improvements. Is there a guide to refinancing? What do I need to know or think about? Should I go through a credit union? Currently my cash sits with BoA and Im thinking of switching... should my future goal of refinancing influence this decision?EDIT: Here is my insurance policy information, its through State Farm, same as my auto. There are many things listed, but these are the rounded costs. Limit Premium Dwelling: 215,000 2,300 Personal Liability: 300,000 12 Medical Payments: 3,000 5 Deductible: 12 1,075 150 Discount homeauto: 750 Discount claim free: 160 Total Annual Premium: 1,550 I was quoted 1,242 annually for 130,00 coverage but encouraged to pay the extra 25 per month since, apparently, if my home was destroyed it would cost closer to 215k to rebuild it.  <response>: From what you describe this doesnt look so bad. If you wanted to refinance check out bankrate.com to see which banks are offering the best deal for your situation 