If you can sell your house now before it goes down (We all assume), you are very lucky! But you have to be careful since he does not seem to be a strong buyer.
1. 3K down is only 1% down. I think the new regulation is 5% down min.
2. 4.4% interest rate is unbelievable.
Anyway, you are going to rent, so you would not have too much pressure.
