Looking for a software (Windows) that can easily switch between audio output devices

So I've got an HDMI Switcher which allows me to output the image on both my computer and TV screen at the same time. For the audio however, I need to go into the Windows sound menu and activate my headphones or the TV. This is slightly annoying and I'm looking for a software that would always be running in the background, let's me preset two audio devices to switch between and can ideally switch them via keyboard shortcut.

If it's not clear what I mean, I need to go into this menu: http://imgur.com/6Gsmfik

The first device is my headphones and the last option is my TV. I'd want to switch between the two via keyboard shortcut.

Any suggestions? I really wouldn't know what to search for.

Thanks.