No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
short term = no
long term = yes
a good lender can give you a break even point in 'number of months' to recoup fees. looks like a 48 month breakeven before tax credits. maybe look at a 25yr loan? make it sweeter?
i like the deal on the surface.... but there are better lenders to deal with that will close on time and have better service.
to add.....
appraisal will affect analysis. if above 80% ltv.... you still have pmi for a short time. but it will be same or less than your current pmi
If your home does appraise for $200k, then a conventional loan will definitly benefit you because you would not have PMI. You could even get a lower interest rate on today's market. The fees seem a bit high, I recommend shopping around for the best deal. If you have more questions contact me by email through my profile.