We are closing in two weeks at 2.5% 5/1 ARM on a new place. About $250,000. When we sell our current place we will pay it off. Haven’t had a mortgage in three years, don’t plan to now. It’s a relo, so easiest to get one for the month we will own both, given corporate relo picking up all fees. Now, if the SP500 is at 1500 next month, that may change and we will discuss a lump sum into VTSAX instead.