Our answer is no, and the pitch itself is a red flag. A lender pushing you out of a low fixed rate and into an adjustable-rate mortgage just to shed mortgage insurance usually reads as a lender fishing for a commission. Start with the framing. It's easy to fixate on the mortgage-insurance line item, but your total payment is the number that matters. Money you pay as "mortgage insurance" spends exactly the same as money you pay as "interest." If dropping the MI means giving up a very low fixed rate and taking on the risk of an adjustable rate resetting higher, you can come out behind even though the MI line disappears. A fixed rate locked when rates were low is worth holding onto. You know the payment for the life of the loan, and nobody can promise you'll ever replace that rate. Trading that certainty for an ARM to remove an insurance premium is rarely a good trade, and churn like this is exactly what we tell listeners to walk away from. If the real goal is a lower payment, the durable path is waiting for a fixed-rate option that beats your current effective rate (note rate plus the MI) after costs. Until that exists, hold the low fixed loan. Want a second opinion on your actual numbers? That's what the free Roadmap conversation (about 20 minutes) is for.