u/notjgmq

My dad passed away recently and I’ll be taking over the mortgage. I make about $55k/year with a 770 credit score. There’s around $160k left on the loan and the house is worth about $296k. It’s currently an FHA 30-year.

I don’t have any other debt (no car payment, no credit cards, etc.).

I’m thinking about refinancing into a conventional loan and putting like $75k down to bring the payment down and get rid of PMI.

Does that sound like a good move or am I missing something?