<prompt> Human: My wife and I are looking to move, but our personal finances are not in a great condition. We bought a house and refinanced it to a 15 year when rates were super low. We have lived there for a little over 3 years, and recently had twins. With the kids, we are looking to move to a better location. Here is some information:Net combined income after retirement, taxes: 12kmoCurrent mortgageprop taxesetc: 2.4km 13 yrs left 2.75Student Loans paying extra to finish in 10 yrs 1.5kmDaycare: 2kmVehicles: 1kmCombined other bills: 3.5kmWe generally have a little over 1km left over to try to put into savings, which was decimated when we had twins. Other bills pop up that kill some of that as well.Savings: 5kRetirement: 175kHouse: We owe 260k, worth about 360k. I think our plan is much bigger than what we can afford right now, especially with our savings so low. We wanted to buy a 450k property contingent we sell our current house and use the profit after closing as a downpayment. The payments would be similar to what we pay right now, but on a 30 yr loan. Is this nuts?I am now thinking maybe I should just refi back to a 30 yr and save the extra payment in our savings and wait a few years to do that.  <response>: Why not wait until your kids are older? Whats the advantage of a better area now? 