January 2019, I sold my home in Maryland, and bought a new home in SC. My question; The sale of my Md. home equaled the cost of the new SC home, however, I had to use 65k of the sale for miscellaneous purchases. So, would it now make sense (before end 2019) to pay off the new loan by cashing out of some stocks? To be clearer about this:
Sold Md - 225k
Purchased SC - 225k/paid 160k from Md. sale (leaving 65k mortgage).
So, should I pay capital gains on the 65k, or is it better to pay off mortgage selling stock and then pay taxes on stock sale?
My 65k mortgage is 30yr fixed, but the total interest on the loan at maturity is the same as the original principal (65k and 65k).
Thanks all.