After further consideration we opted to do 5% down. The entirety of the new house will be "loan money" so it makes more sense to have the bulk of it be at the lower interest rate (mortgage). This also lowers the HE Loan amount we'd be paying for our investment property.
At the end of the day, we've decided to take a HELOC out for the 5% down payment. After reading a few posts around here, we also decided just to sell our current primary and realize the equity now. After factoring in all of the expenses, a $300,000 house renting for $2,000 per month isn't worth it. We'd be locking up tons of equity with little to negative cashflow.
We'll find a proper house to do a buy and hold and jump in at the time. For now, we'll move on to a new primary and weather whatever the market and the SVB fiasco brings.
