Is this a good deal for refinance under HARP 2.0?We currently have BofA 5.875% rate on a loan of 391,344. However, it's underwater between LTV 110% to 118%. BofA was willing to lower the rate, but it was going to cost me, so I went to a broker.The broker, unfortunately, told me that my loan did have PMI, but that the lender (BofA) was paying for it. He said I wasn't aware, because the bank hid it by giving me a higher rate at the time of the loan.This is the Good Faith estimate that I got for refinancing an underwater home for HARP 2.0. This is for a loan of 396,000 for 3.875%. Keep in mind that it does NOT include the PMI yet:Origination chargesunderwriting fee 895funding fee 199other charges 1.25% (4,950.00)*don't understand this one appraisal fee (450.00)credit report fee 50.00tax service fee 78.00flood certification 10.00closing/escrow fee 475.00notary fee 165.00lender's title insurance 605.00mortgage recording charge 100.00hazard reserve 529.65county property tax reserve 4,866.70aggregate adjustment -48.15daily interest charges 937.75*Refinance: 391, 892, prepaid items/reserves 6,285.95, estimated closing cost -2, 373.000 (this was negative, so I assume some credit), loan amount 396,000. Principal & interest 1, 862.14 (I currently pay 2, 467)...and the total payment would be 2,396.96 because I need to inlcude my hazard insurance and property taxes in payment. It might be higher because it doesnt have the PMI included.July 26 2012 - Clove Lake00YesReport 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.