<prompt> Human: Here are the facts:-Age: 58-Salary: 78,500 does not include child support or alimony-Owe 400,000 on mortgage, 2 interest-monthly mortgage pmt 2800.-1200 per month rental income bsmt apt wo kitchen to 2 people - all utilities are included-Child supportalimony payments of 1300 per month this will cease in May 2016-bills are 1200 per month, including utilities that I pay alone-my two children live with me 21, 24-my credit is borderline fairgood after going through a pre-foreclosure-Im planning to retire in 10 years; I have a pension plan through workI want to live comfortably, whether it is in my current home or somewhere else that is more affordable. I would ideally prefer to keep my house; Ive lived here 25 years, rebuilt 15 years ago so everything is new; and it is worth at least 700,000. I want to balance long term and short term comfort to the best of my ability, and am open to suggestions as to how I can pull off keeping my house, if that is a good decision. My number one alternate option is selling the house and buying a townhouse for 400,000. Im already struggling to make ends meet, and its going to get worse after I lose the child support and alimony. I dont want to sell my house if its a poor investment decision, but I dont see any way around it. Feel free to ask questions if Ive left anything crucial out. What is my best chance at living comfortably?Assistant: 78,000 -Owe 400,000 on mortgage, 2 interest -1200 per month rental income sublet basement -Child supportalimony payments of 130Just doing rough math based on your quote of 2 and making 78K a year after taxes and factoring in your rental income, I bet your mortgage is basically one of your paychecks each month. the next check has to cover utilities etc.You have too big of a mortgage for what you make. It is not sustainable. If you can sell it for 700 and buy a town home for 400, then that seems a no brainer. You would be swapping out a 400K mortgage for a 150Kish one after all realter fees and taxes have been paid. That is a very reasonable mortgage for someone making 78K.I am confused as to how you have been in the house 25 years and still owe 400K. Did you have to cash out a lot of equity? Human: I bought the house for 155,000 but then my ex and I refinanced to pay off our 2nd home where he now lives and he was responsible for making my mortgage payment according to our property settlement agreement. He did for a few years then decided he couldnt pay anymore so much for the property agreement, so I was stuck with the huge payment which is why I ended up in foreclosure. 3 years ago, I got a loan mod 30-yr mortgage at 2 interest  <response>: LAWYER. THE. FUCK. UP. 