Before a reset, my carrying costs are 600/mo post tax implications. Plus whatever it costs me to live somewhere else if I rent this place out.
I’m just looking at the impact over the next 3 years before the reset- not to imply that I would sell in 3 years, but I’m trying to get a financial picture before and after the reset. Once it resets, we’re talking about a bump from $1700/mo to $2400/month in cash out.
Got it.
Seems like if you can rent a place in your new town for $1100 per month it is essentially a wash in the short run.
Now it just boils down to whether you want to toss away 70K now, or cross your fingers and either toss away 100K 3 years from now or break even maybe a decade or more from now, or something in between.
Moving to the new town/job likely means a bump in pay and more up-side. Whatever you do, don’t make the career choice based on your housing situation.
