Is Giving Up A 2.5% 15-Year Mortgage For A 6% 30-Year Mortgage To Move Closer To Best Friends With Kids The Same Age 'Crazy?'

A young family with three toddlers wants to make the leap from financial freedom to a much bigger house and mortgage, just to live a few doors down from their best friends. They have only $163,000 left on their current 15-year mortgage at 2.5%, and in eight years, or even earlier, the house would be completely paid off. But the temptation of more space, a bigger yard and playmates for their kids had them considering an$ 800,000 offer on a new place with a 6% interest rate. Don't Miss: The ‘ChatGPT of Ma ...