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Moving them both in with you may sound good but you can't know what caring for 2 people at the same time is like. Caring for 1 person can break a caregiver much less caring for 2. Especially with no help. I would think very long and hard about this.
I don't think your in-laws would be candidates for assisted living. In AL the residents have to be mobile. A walker is OK. Is your MIL mobile? And AL is just a stepping stone to a NH. You may get everything packed up and arranged and moved and then have to do it all again in a month if your FIL takes a tumble and injures himself. AL may not accept them if they need this much help.
Advice? Don't move the in-laws in with you. Have a family meeting to begin discussions on what to do for them. Don't include them in your family meeting just yet. The meeting will help everyone figure out who's willing to do what and when and what everyone needs in order to take the in-laws on. Home health aides? More family members pitching in? Alternative living arrangements for them?
Also remember that at their age they are going to decline steadily. Anyone who becomes responsible for caring for the both of them at the same time will have an almost impossible task ahead of them.