Conventional or FHA Streamline or?I want to reduce my monthly mortgage payment. I am new to the process of loan refinancing and sometimes with all the info available to read out on the web, it can be an overload of data and terms to digest.I bought my house a little over 3 years ago- origination date 6/2009 and have a 4.75% 30 yr FHA loan, with PMI amt of 260.00 a month . I owe $627k, home value is est $844k. I have credit score of about 780. Honestly, I want to understand what are the best options I could consider and make an educated choice.Upon reading info on this site I now understand with streamline, my PMI will go up, so maybe thats not a good option. A conventional refi with the current low rates might be a better option, but of course there's points to pay and that would have to come out of pocket for me to pay... Thanks for any help July 09 2012 - San Jose0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.