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Should I refinance?

Current situation: 7/1 ARM 3.625% (until 2025) $205/month mortgage insurance Remaining balance - $325K

Best shopped for refinance rate so far: 30 year fixed 3.875% $1200 closing cost $65/month mortgage insurance $385k appraisal assumption (loan would be for 328k)

This is a primary residence condo. It's hard to say how long I plan to live here probably a couple more years and then would ideally like to rent it out instead of selling. Looking forward to hearing some opinions, thanks!

submitted by /u/lifeisandroid
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source https://www.reddit.com/r/RealEstate/comments/e41950/should_i_refinance/
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