Need help refinancing a loan under $50,000 w/PMII have 24 years left on my mortgage and currently owe just shy of $47,000. My interest rate is currently 7.25% and I pay about $50/month for PMI. My estimated house value is about $100,000. Single family in NY. It is a Fannie May loan.I am currently with bank of america (was originally with countrywide) and would love to get away from them. So far they were the only ones to work with me though, offering me a 15year 4% HARP w/2000-2500 in closing costs. When I asked about finally getting rid of my PMI I was told I would have to wait 120 days after closing and then call them up and they could do a 'Market Appraisal'? for $75 and that would get rid of my PMI.Is this a good deal? I have calls in with 4 other banks but no one is bothering to call me back.. it also took me 3 different agents with BoA to finally get someone who would talk to me. Also, can I drop my PMI now without having to get an appraisal before I refinance?I have a decent credit score sitting around 720 if that makes a differenceJune 06 2012 - Schenectady00YesReport 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.