AZ – Should I sell my current home or rent it out?

Current situation:

Own a home that is worth roughly 475k Remaining mortgage is around 210k – Payment about $1200 a month This house would rent for $2200-2500 / month

We are currently in the process of buying a house about 3 miles away.

Price will be around 820k Down payment to put it at 647,300 (getting better jumbo rates lately) Payment around $4000 / month

Would you keep or sell the first house?

Salary of 130k + bonus anywhere from 50-400k a year (highly depends on the market)

submitted by /u/ChurnDownForWhattt
[link] [comments]

Current situation: Own a home that is worth roughly 475k Remaining mortgage is around 210k – Payment about $1200 a month This house would rent for $2200-2500 / month We are currently in the process of buying a house about 3 miles away. Price will be around 820k Down payment to put it at 647,300 (getting better jumbo rates lately) Payment around $4000 / month Would you keep or sell the first house? Salary of 130k + bonus anywhere from 50-400k a year (highly depends on the market) submitted by /u/ChurnDownForWhattt [link] [comments]

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