<prompt> Human: Longtime reader, first post in rpersonal finance. My wife and I bought a home in California in 2012 for 339,000. It has since appreciated to around 500-550k for comparable home sales nearby. We are going to buy a new home close by to our existing house the new home costs around 650k. I currently have about 310,000 remaining on my existing mortgage. I also have about 4,000 in debt for personal credit cards, and I owe about 22,000 remaining on a car loan at 0 My main question is should I put all of the proceeds from the sale of my first home down on the down payment of the new home and continue paying down the debt on my budget as I have been, or should I pay off the debt all at once and just put whatever is left over down on the new house? What is the general opinion?  <response>: I would pay off the cc in full and use the rest for the down payment. Other than piece of mind, theres no reason to rush paying off the car if youre not paying interest on it. 