u/hasyoubeen12

We are hitting our FIRE number 3 years earlier than we projected. We are thinking of upgrading our house now. Is it a bad idea?

We just want a slightly bigger house with better floor plan, and we’ll be happy to live in until we become empty nesters.

Stats:
40M/F with 2 toddlers
2.9M NW (1.6M non-sheltered liquid assets)
Cash $120k
SI2K household ($210k salary— will likely stay this way until we fire in 4 years. formerly 300-450k but stock comp expired 2025, and I got laid off and became a SAHP)

Current house 400k at 2.8% (still owe 270k), going to sell. Will probably sell for 500k

New home max 800k at max 6.5% interest rate

Is it just me? Maybe just me. BRB Crying.😭

Update: I decided to HODL, and yay! 🤪