Moving home- should i pay off debt or have larger deposit

barrys_baby

We're currently in the process of upsizing
Expected equity is £120,000
Minus moving costs, SDLT etc £20,000
Leaves us with £100,000 deposit for the new home
New home is £500,000
I currently have personal loans and credit card debt of £15,000, which im paying off £700 per month

What im struggling with, should we pay off the £15,000 personal debt and put less down (£85,000) for the deposit on the new home?

Summary
Currently paying
Mortgage £1,013 per month
Personal debt £700 per month
Total £1,713 per month

If we paid off debt ive calculated our monthly mortgage would be £2,243

If we kept the debt and the new mortgage we would be paying £2,892 in total

I understand im baking in the personal debt into the mortgage so long term will be paying a lot more, but we're expecting a child and so do think the lower monthly costs for the next two years is worth taking the hit.

My salary is around £80k per year and my partners is £30k

Id be grateful for any advice or general critique of my workings and if theres something im missing.

Emmia

I'd pay the debt off, according to your calculations you save £600 a month.