Refinancing an 80/20 Loan in to 1 new loan.Hello, Our house in Michigan is worth $158,000. We have two loans, first balance $131,700 at 5.25% and a second home equity loan $24,800 at 8%. We bought the house with little down back in 2006 with the 80/20 loan. We have since refinanced both loans: The second went from a line of credit to a home equity loan, the first was refinanced under the harp program in 2011. With interests rates being so low we would like to get a new loan for both. We have cash to pay down either loan so that we are at a 95% LTV ratio. Even with paying PMI we would save about $400 a month on a new loan at the current rates. Is this a possibility with a conventional refinance? Is there lenders that will do this at 5% equity? December 10 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.