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[quote=Anonymous][quote=Anonymous]When you change schools, you have alot of other issues to deal with pertaining to the kids. How many more years for the kids before they head to college? Are the pending plans for them to be away for college? If it is less than 5 years, I would just downsize now. How are their college funds?

But, $1500 is alot. Any money coming from the ex? Probably no alimony but any child support? Will it add up to $1500 a month?

Whatever you do, don't tap into your savings or your retirement.

On a side note, i don't understand why you want to keep the house, so much memories there. Start new and fresh.

I would downsize after the kids have gone off to college-hoping they would not be coming home all at once after college to live with you. You know that happens sometimes. 
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Op here. No child support or alimony. Split custody, splitting costs. I can withstand the memories in the home if it means my school aged kid can stay put in school and I can build equity and make more money off of this in the future... That's my thinking. I've already dipped into savings to cover divorce costs and will likely need to dip into it again if the side work does not pan out. (If it doesn't pan out, it will be because I am too burnt out and can't find the time, but I should be able to make the time.) The tradeoff with downsizing is that I definitely wouldn't get as much house for the "price" I am buying him out, or in as good of a public school district. The upside to selling/moving is that I'd free up more cash in the short term. I am trying not to resort to renting because I want to build wealth in something. The biggest risk, I believe, is if rates don't drop in time for me to refinance before the adjustable rates kick in. I am eyes wide open on general advice and general trends for women getting divorced. I am trying to avoid financial devastation although it seems like it's going to be a hit either way, it's just a matter of what I'm willing to gamble...

Thank you all for talking this through with me. Strangely, I trust the collective anonymous wisdom here more than many other places...  
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