<prompt> Human: My husband and I are thinking of starting to try for another child and our home really seems not big enough. We currently have a 4 bedroom 3 bath home and 3k square feet but space is tight because we need one bedroom for a office, one for guestall our family is from out of town and visits monthly, one for us and one for our daughter and if we have another child we want them to have their own room. My daughters toys also are taking up half the home now and we want a bigger yard for our two huge dogs. So we are thinking of buying a brand new home that is 5 bedrooms or 4 bedrooms with a office around 4k square foot on a acre or 2. We also are tired of fixing things in our homeits almost 20 years old and it currently could use the bathrooms redonestill functional but the flooring is coming up and has carpet in the master bath with some rotting on subfloor looked into redoing all 3 floor to tile and vanities and it will cost us 20k or 10k if we do it ourselves, a new hvac system and new roof in a few years. We also just refienanced to 15 year loan on it 3 months ago but it only cost us 2k in closing cost which we already paid. The brand new homes we are looking into cost 375-400k. Our current home would sell for 205-210k if we dont update anythingother homes on the street have sold for this much or if updated they sell for 240k. We owe 135k on it currently. So our profit would most likely be around 50k after we pay a realtor and maybe some closing cost. Here is our finances-Bring home pay after taxes,insurance,and retirement-5,400-5,700car payment-330we have 2 years left on this paymentcar insurance-90Cell-170Will go down to 100 in april when phones are paid off and we dont plan on upgraded until they breakCableinternet-120we cancel cable from may-sept so its only 75 those monthsutilitesgas,water,electric-300spotify,netflix,amazon prime-30gas for cars-30hubby works from home 4 days a week and i am a sahmfoodtoiletresdiapers-500dog foodvetboardinggrooming on 2 dogs-200we go out of town every 2 months for a few days to visit family 4 hours awayout to eatfun-250video games-60this is my husbands one splurge!clothingshoes-50home repairsmaintenance-250medicinedoctor visits-50roth ira-200visit family-60current mortgage-1375total-4065 a monthleft with-1,335-1635 extra a monthI usually put 200 in savings and throw extra towards mortgage and car payment or any unexpected expenses like a car repair.With this extra money I think we could afford a 375k home but I am not sure. It seems like a big number compared to our home nowwe only paid 160k! We also have 50k savedwe would still have 30k in emergency fund that we could put down on top of the 50k from the sale of our home. Our mortgage would probably run 1,800-2,000depending on tax,insurance and rate a month for a 30 year if we put 100k down. Which would still leave us with about 800-1k a month and we would also would not have to spend so much on home repairs since it be a brand new home! Also not sure if I want to back to a 30 year instead of a 15 like I have now. I also am going back to work just weekends at the end of this month which will bring in another 1k in a month but I plan on throwing most of that to a roth ira and a 529 for my daughter so im not going to count it as income. What do you think go ahead and buy the new home or stick it our in our current home and just pay it off in 5 years instead of 15?  <response>: It wont be the end of the world if the kids share a bedroom for one weekend a month that family has come over to visit.Or invest in a decent pull out couch for the family to stay on while the kids have their own bedrooms.Or move the office into the master bedroom where you are currently. 