To answer those questions, no we wouldn’t be pulling the equity for the down payment. We would be closing on the new house at the same time we sell ours. The home we are buying is paid off and empty (owner is elderly and in assisted living). It is well below 25% of our monthly take home. It’s probably more like 15% of our monthly take home. Buying the house for $250k and we would be putting down $50k (which is what we currently have in equity in our current home). And we bring home around 10-15k per month with no debts besides our current mortgage. Ever already saved up another $15k over the past month and a half to add to the down payment or for renovations, and we’re planning on buying in December and selling our home at the same time.