Should I sell my first home or rent it?

[Jessica Perez Velazquez]

Hi all! First time homeowner here (since 2020)…I really want to move out of my current home because it is too large for me and my two dogs and I hate cleaning so much space (refuse to pay someone to do it haha)

it's a 3BR/2.5BA, two stories, 2565 sq ft on a 7000 lot with a huge pool in the backyard. I got a 2.8% 30 year mortgage (main reason why I haven't sold it yet, even though I have a bit in equity now, thanks to appreciation- I think it could sell for about $380k today, but still owe $246k out of the $271k I originally borrowed ). I'm torn between selling it and pocketing that equity, invest it in index funds, my Roth IRA, and keeping some in my HYSA, etc. BUT I also know that I probably won't get such a low interest rate again in a very long time 😅 so I don't know what to do. To sell it or rent it? I think I could probably rent it for $2500? I live in Spring TX

for reference my mortgage, taxes, and insurance are $1840 each month, $385 per year in HOA fees