[quote=lpjohnso]… As far as I understand, the $2000 is a refund from our existing escrow account that will be due to us within 30 days after closing.[/quote]
lp, will the “refund” be due to your property being reassessed downward by the assessor or due to elimination of MIP and thus the advanced MIP premiums you had sitting in the impound acct of your previous FHA loan?
If you will actually be getting rid of your FHA MIP’s, then this (conv?) refi so soon after you purchased is probably worth it, IMHO.
