Refinance or Move
Compare keeping the current loan, refinancing it, or selling and buying the next home.
Refi horizon savings$2,464
Inputs
Current loan, refinance, move, and horizon assumptions.
Current Loan
Rate default: FRED MORTGAGE30US - 2026-08-13Tax default: Hamilton County TN ACS effective-rate estimate - acs2024_5yr
Refinance
Move
Move down payment
Horizon
Results
Refinance horizon impact: $2,464 over 5 years.
Current payment$2,480/moKeep current loan
Refi payment$2,298/mo$183/mo vs current
Refi break-even2 yr 7 moClosing cost recovery
Move payment$3,330/mo$850/mo vs current
Refinance
Closing costs$5,500.00
Upfront cash$5,500.00
Monthly savings$183
Horizon savings$2,464
Move
Estimated sale proceeds$95,250.00
Cash needed$0.00
Cash surplus$28,500.00
Net-worth delta-$36,120
Path Comparison
5 year horizon.| Path | Payment | Ending balance | Interest |
|---|---|---|---|
| Current | $2,480 | $278,377 | $105,132 |
| Refinance | $2,298 | $281,376 | $97,168 |
| Move | $3,330 | $400,961 | $138,464 |
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.