Should I pay the mortgage off?

[Mike Smith]

Hi. I am new to all this and looking for opinions.

I inherited my mom's townhouse who just passed away. It's worth about $350k with $95k left on the mortgage which will be paid off in 10 years. Im goin to say the rate she got it at is under 4%.

I'm going through the mortgage assumption process now and was wondering if a smarter decision would be to pay it off? I will be renting it for now and pocketing roughly $1300/mo. My plan is to move into it myself in a few years or later on down.

Ive always been big with cash on hand in case something goes wrong in life. Im a cash hoarder and am afriad to spend it. Between my 401k, savings, inherited IRA I have about $380k

Just looking for opinions from people who are more experienced in investing, moving money around, etc. I'm taking this tough time in my life and would like to reposition myself and get set up for retirement in 20 years.