Mid forties couple with 2 kids under 10. We are both not happy and considering divorce. No cheating or anything like that. We are on good terms. Anyway, we happen to own 2 houses on the same street. We currently live in one and rent the other. Obviously if we split it would make sense to split the houses, one gets one and one gets the other to live in but we want an idea of what the mortgage payments etc would look like. One of the houses is smaller and would be appraised at a lower value. And the current mortgages are at different amounts and have different trajectories to be paid off. We are OK with the idea that one person living in the larger house would have larger utility bills and that would be their problem, etc. but are unclear on how to start things off more equitably. For example one of the houses has more of it's mortgage paid off than the other... how would we calculate it so we would start off on more equal footing? Online advice seems to assume the family just owns one house so it's not so helpful.

At this stage we are just trying to get an idea of numbers. It's still early. Also, the law is important but we are also open to creative solutions as well.