Pay off some debt or use all for our new house down payment?Hi all, we are currently in the process of selling our first home- hopefully after all is said and done we will walk away with about 85k. My question is should we use all of it towards a new home ( we are looking at about the 470k range) or should we take about 20k of it to pay off one of our cars and all if our cc debt which is about 7000$. Not sure about it all and we will obv have to pay pmi longer but will save about 5-600 a month not having to pay one car payment and the credit cards. Thanks!January 05 2014 - San Diego00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.