FHA streamline vs conventional loan.Hi, I am looking to reduce my monthly payment. My current FHA loan is at 5.5% and a low monthly PMI of 0.55%. Because I closed in August of 2009, a streamline re-fi would get me a lower loan rate but my monthly PMI would go up to 1.25% and pretty much cancel-out any savings. Are there any other loan options for me that will allow me to take advantage of lower rates?Here are the stats:- Owe $215k on my home that has a zillow value of $195k- 807 credit score and no late payments- unable to pay loan down to get 78% LTV. I keep hoping the June 1, 2009 cutoff date for the good PMI rates will re-adjust as time goes on so I can re-fi and keep my current PMI rate.June 13 2012 - Sacramento00YesReport 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.