Should I use savings to sell home or use for down payment?I currently have a home in another state which is being used as a rental. Unfortunately, I am underwater on that home and the rental income does not fully cover the mortgage. Financially I can pay rent in my current state and the mortgage in the other state (without the rental income). My question is: should I put my current house on the market and possibly have to pay the difference in the sale, which could be up to 20,000, or should I keep the house and use the money for a down payment on a new home? Am I throwing money away with a rental that doesn't pay the full mortgage or will it pay off in the long term? May 01 2013 - Charlestown00YesReport 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.