Sell or Rent?

[Brianna H.]

We are looking at buying a new primary home and either renting or selling our current home. What is my best option? Here are the details:

Purchase: $92k

Sell For: $190k

Loan:

-15 year loan (9 years left on loan)

-2.9% interest!

Rent:

-$1700/mo (after all expenses, this would be about break-even point)

-3.6% tax rate (killer), which would be about $500/mo

-2006 home, so everything is still fairly new (no repairs anticipated soon)

-Eventually when we sell, we will pay capital gains (could be $25k with current market price)

Sell:

-$98k in profit - $12k realtor fees ($86k profit + $30k loan paydown)

-Could apply gains towards new primary + potentially 2 new rentals?

I feel like I should sell the house, but I LOVE my house and I need people to talk some sense into me. J