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Have you considered looking for another job in Michigan?
Seriously, relocating costs enough without having to take a loss on your house. Stying put and taking a job at 80% of your present salary might even be a more fiscally responsible option over the next 3 or 4 years, unless you're already living at the extent of your means.
If you go, think again about renting - losing $500/mo waiting for the house to sell is better than losing $1600/mo.
Trust me - I paid two mortgages for almost a year a couple of years back - I wouldn't wish that on anyone!
If you can sell before you leave, you can always find some bank willing to refi the 20% as unsecured, but expect a much higher interest rate (and the 30 years will start all over again at payment 1 of 360).
I hope everything works out - good luck!
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If you want to avoid 95% of internet spelling errors:
"If your ridiculous pants are too loose, you're definitely going to lose them. Tell your two loser friends over there that they're going to lose theirs, too."
It won't hurt your fashion sense, either.
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