My wife insist we move…

We built our cute house in 2020.. the equity we have in the house is about 150k.

My mortgage is $1200 a month with an interest rate of 3.375%

Something has happened in our life/ neighborhood and my wife insist we move .

She’s looking at houses around 400k . We make about $120 together combined. With the equity in the house she is saying we pay off the car and credit cards and have about $110k left over for the down payment .

I need opinions . I live in NW Florida and houses are expensive. From what I’ve read on here our mortgage would over double but we’d have no other payments (credit cards or cars wise) . Sorry so vague . Don’t know what all you need

EDIT - Alrighty everyone .. I gotta say this is way more feedback than I had ever intended and most of it has been very helpful and much appreciated . I’m editing this to say my wife and I had a long talk last night and don’t plan to sell just yet. However we are going to move out of it and either try to rent it or Airbnb it. We do live in a popular location and I don’t think it would be hard to do either . We are going to move in with her mom ((whom we lived with while building the house so we are well aquatinted there )). We’ve talked about rent with her and how long we can stay and she’s perfectly fine with it . As for all the accusations of cheating or neighbor banging or whatever was said that’s not it at all. It’s is just other family members we live by who are terrible people…and we want our kids to grow up being able to play outside with other kids and our neighborhood does not have that. And for the sake of mental health as well. Yes, it can be that bad.

Thanks again to most everyone’s replies

Now to figure all this out!