I own a brand new home priced at roughly 115K with a 6.25% for 30 years. I have been making payments for about 12 months already, and considering refinancing to get a lower rate with lower monthly payments. Closing costs for CitiMortgage is roughly 2k, and USAA is 3k. CitiMortgage has offered me a 5% at .25 points, and USAA 4.75%.
If I do this refinance would I be in good shape to sell w/in the next 4-5 years or should I plan to rent it out in case I have to relocate?