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30 Yrs Refinance Quote 3.875%

I was quoted 3.875% with no closing cost for loan amount $494,000.
The property located in Ashburn, VA. Appraisal shown 20% more what I paid in 2010 from a short sale

Is my rate reasonable to refinance my 30 yrs FHA 4.5%.
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May 18 2012 - Ashburn
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Yes that sounds like the right ball park.    I take it you're refinancing out of FHA since you have 20% equity now. 
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May 18 2012
You are doing just fine.  You will be saving just about $3,000 per year in interest (in the early years of the loan), plus eliminating the FHA MIP (if I understand the situation).  And to do that you are paying virtually nothing.  I'm having trouble finding anything to question here. 
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May 18 2012
 
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30 Yrs Refinance Quote 3.875%
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May 18 2012 | 2 answers
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