Refinancing: FHA vs. Conventional

With rates the way they are at present, it's tempting to consider refinancing into a conventional mortgage.  This may or may not be necessary to eliminate your mortgage insurance, and of course it requires considerable equity.  - David

More Info: Refinancing into a conventional mortgage

Conventional mortgage costs often lower - Bankrate

FHA-insurance give lenders the confidence to grant mortgages to borrowers unable to put down large down payments. But what if you can afford a down payment of 10 or 20%?  Should you consider an FHA loan anyway? Here's why the answer is "probably not:" Conventional mortgage costs often lower.

The biggest difference?  Up-front and monthly private mortgage insurance (PMI). - David