Fha Refinance Loan Can I Refinance FHA To Conventional Loan?

Can I refinance FHA to conventional loan? - fha refinance loan

I bought a house for $ 200,000. This is a newly built one and offers a significant discount on the manufacturer. The house is valued at $ 250,000. Does this mean I have $ 50,000 in the capital. Does this mean that I remove a traditional FHA refinance my mortgage insurance, because I could have more than 20% interest. I have in my house for a month.