Should I refinance my FHA loan?

Should I refinance my FHA loan? - 1
Added (1). Bought my home for 245K in Oct. 2013 using an FHA loan. I put 3.5% down (first time home buyer). I am locked in at 4.25% 30 year fixed (maturity date 11/2043) and currently pay $1,705.12 and it's itemized as follows: Principal- $357.86/ Interest- $825.56/ Escrow- $521.70. Current balance is $233,099.36.

My financial officer says he can streamline refi a new FHA loan at 4.0% 30 year fixed and my new loan would be $236,250 with no out of pocket expenses, plus I'd get $1,000 back from escrow/taxes

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