<prompt> Human: Were torn between buying a 1200 sq ft home outright or getting a forever home with a mortgage rate that would mean paying equal amounts principal and interest doubling our original mortgage cost. Weve been saving about 60kyear for the past 3 years, so if we stayed at the same rate we would be able to afford a forever home outright within 4 years assuming the sale of the starter home and similar market prices. Does anyone have any insight on what would cost more long term? Pros and cons to each?If it makes a difference, were moving to a rapidly growing area of the country.Edit: clarification  <response>: Id vote for the forever home assuming all the presented facts are accurate 60ky savings will continue, area is rapidly growing, its indeed a forever home and not just the current tasteflavor for your family and I think its a pretty obvious decision. 