If you have enough money to either put a down payment on another house or pay off your current house what would you do?

Let’s say if you pay off your house you would be completely debt free.

If you bought another house it would be about 50% bigger than your current house and maybe a better school district… you would sell your current house to keep payments low but the new house would be still be double what you are paying now with a new 30-year loan when your current loan would have been paid off in 20 years. So you would be doubling your payments and adding 10 years more of debt.

Okay another choice is just to sit on the money.