Refinance or Move
Compare keeping the current loan, refinancing it, or selling and buying the next home.
Refi horizon savings-$8,566
Inputs
Current loan, refinance, move, and horizon assumptions.
Current Loan
Rate default: FRED MORTGAGE30US - 2026-10-08Tax default: Hamilton County TN ACS effective-rate estimate - acs2024_5yr
Refinance
Move
Move down payment
Horizon
Results
Refinance horizon impact: -$8,566 over 5 years.
Current payment$2,480/moKeep current loan
Refi payment$2,445/mo$35/mo vs current
Refi break-even13 yrClosing cost recovery
Move payment$3,540/mo$1,059/mo vs current
Refinance
Closing costs$5,500.00
Upfront cash$5,500.00
Monthly savings$35
Horizon savings-$8,566
Move
Estimated sale proceeds$95,250.00
Cash needed$0.00
Cash surplus$28,500.00
Net-worth delta-$39,245
Path Comparison
5 year horizon.| Path | Payment | Ending balance | Interest |
|---|---|---|---|
| Current | $2,480 | $278,377 | $105,132 |
| Refinance | $2,445 | $283,569 | $108,197 |
| Move | $3,540 | $404,086 | $154,181 |
Estimates only. Actual refinance savings, move cash, loan approval, taxes, insurance, PMI, closing costs, sale proceeds, and future values vary by lender, property, timing, and market conditions.