u/ConceptAppropriate48

Own a condo in a hcol area. Owe 280k it will probably sell for 425k. Mortgage taxes and hoa all come out to 2000 per month the rent I can reasonable assume 2700-2900 per month. How do you know what the better direction is? Wife and I are looking to buy in the surrounding towns. If we don’t not sell we still have cash for a down payment just not as large so we would be paying PMI. Also the condo is locked it at 3% interest. Thank you all