Call Marc.
Yes PMI sucks and is kind of a gimmick IMO, but if you can get even a 0.25% better rate on the note, then that basically makes up for the PMI. In the grand scheme of it, and with the rates as low as they are, getting best rate is key. If your property value rises sooner than later you also may be able to reappraise the property and cut the PMI out before too long too.