FHA Streamline - CAMy current FHA loan which originated around 2002 at 5.25 APR, i would like to REFI with the FHA Streamline because I think that's my best if not my only option because I have a 2nd and combined they exceed the value of my home. I'm being offered a 3.75% interest rate and 4.29 APR, does this sound right it seems like a big difference between the two rates? I'm told because the lender is paying the closing costs, I'm paying a higher interest rate. Does this sound like a good offer or should I keep looking? If I were to pay $1700 in closing costs the interest rate would be 3.49% not sure what the APR would be. I plan on selling in the next 2 - 3 years... so I don't want any or very little upfront costs if possible. I have good credit...Thanks in advance!!June 26 2012 - US00YesReport 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.