Money For Home Payment

[Frances L.]

Currently I have rental property which is rent out for $1500 per month. The house is 15 years old. I have $89.000 15 year mortgage (5 percent interest rate monthly payment including insurance is $1300) for that second mortgage $24000 10 year 5.75 percent interest rate with monthly payment $364 );

I want to purchase a house for myself to live. The monthly payment will be $1800. It is around 35 percent of my Gross income. It is a little hard for me. I want to refi my rental debit $24000 to lower payment(since I paid up more often than the schedule). Please suggest what I should do .

Thanks.