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Oh yes. Forgot. We are hoping to retire within the next 10 years! Hopefully when the two other houses are paid off.

Thanks for everyone's insight. I was considering paying off the house with a 30 yr mortgage because it's the highest rate mortgage that we have and we are early in the amortization schedule, only 4 years in. We have the cash available and would have another 40k left over for an emergency...

DW and I own 3 houses. Two houses worth around $500k each with $250k left in mortgages, four years into 10 year mortgages at 3.5%. We live in one and rent the other. Our third house has a 30 yr mortgage at 5.375%. Worth around $180k and we still owe $160k. We have a renter and rent covers...