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[deleted] t1_jaeomwd wrote

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JumpinJammiez OP t1_jaerjjs wrote

Thanks.

Well, I'm 33 years old with 4 kids on a single income. A "beefy" emergency fund isn't really in the cards for the foreseeable future.

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[deleted] t1_jaerpp8 wrote

[deleted]

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JumpinJammiez OP t1_jaetbum wrote

I'm not sure that's really an option either with current rates. Our $510k mortgage has a payment of $2500 including tax/insurance.

Even if we downsized to a $300k house at current rates (7%ish), the loan calculator says our payment would be somewhere in the ballpark of $2300. A $200 difference.

Even if it were $500/mo difference, it still doesn't seem worth giving up our property (which we love) for $500/mo considering we'd be getting into something worth $300-350k and getting of something worth $625k.

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