Best option

[LivingAlmostLarge]

Have you got $50k in DP for the $250k home and the $35k from land sale is gravy? So your mom wants you to put it down on the house for an extra 10% DP?

If so you should put it to debt. And if you don't have the DP for the $250k home trust me it'll be tight on $80k.

[snafu]

Dbrown: We get a lot of 'How To' TV programming and I suggest Googling, 'holmes buy it right' for a different house buying viewpoint.