Is it worth doing a cash out refinance for $14k?

[David Sanford]

Considering doing a cash out refinance on one of my properties. However I can't pull out very much. Well, at least not enough to purchase another house via BRRRR method. My new rate would be the same as the current rate so no advantage there. Numbers below. Advice? I have a bank that will do 75% LTV and closing costs around 5% of new loan. Appraised value: $100,000 Current loan payoff: $57,000 75% of appraised: $75,000 5% in closing: $4,000 (75,000-$57,000)-$4,000=. $14,000. $14,000 is about half of what I'll need for another house.