Sell the house and rent?
Life · Board of 3Our mortgage is $3,100 a month and it’s squeezing us since my partner went part-time. If we sell we’d clear about $140k after the loan, and a similar place rents for $2,700. Should we sell?
Chief of staff
Your board is seated: The Analyst, The CFO, The Empath. They read the brief first, then research, then argue it out.
The AnalystData Expert
The CFOFinancial Controller
The EmpathPeople Advocate
The board’s call
Don’t sell yet. Ask your bank about refinancing over a longer term first; renting saves $400 a month, but selling gives up the home to get it.
Renting saves $400 a month, about $4,800 a year. Selling costs agent fees and a move, and the $140k would have to earn its keep somewhere. If a refinance brings the payment near $2,700, you keep the house and the same saving.

The Empath disagreed
“You said it’s squeezing you. If the pressure is hurting the two of you now, the cheapest answer on paper isn’t the only cost that counts.”
Example · Board of 3 · about 95 credits



