What's my home worth, refinance

[907grown]

so I closed on my home 13months ago. My scores were bad, but managed to pull an FHA loan.

at this point, I want to look at refinancing to a conventional loan. I am paying about 200.00 a month just in mortgage insurance. I plan to be in this home for 10 -12 years.

i paid 270000 for my home, but recent sales in my neighborhood have been at the 300,000 or better mark.

how do I find out what my home is worth and is it too soon to refi?

[StartingOver10]

It is not too early to refinance if the numbers work.

To find out the value of your home call two or more Realtors and have them prepare a market analysis for you. Make sure the Realtors are experienced so you have an accurate idea of value. A market analysis is free.

In the alternative you can hire an appraiser to get an appraised value. Appraisals cost money ($400 and up) and you will have to have another appraisal done by the lender because they won't accept an appraisal ordered by you.

On a conventional loan you don't have to pay mortgage insurance if your LTV is 80% or less.  Remember you will have to pay closing cost to refinance your loan.