Is it worth it to get a refi on a 5/1 FHA ARM at 3.85%? I'm in the 4th year of the ARMI owe $380000. The house is worth $420000. My total payment is $2512. March 10 2014 - Rockville00YesReport 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.