<prompt> Human: My wife and I are currently debating whether or not we should consider paying off our student loans then save to buy a house, or buy a house and then slowly chip away at our student loans. We are at a point right now where weve saved up enough for a 5 down-payment on a home lender paid PMI for an additional 0.125 on interest rate, but it happens to be more than my wife owns on her student loans and we realized if we continue saving money how we have been, in less than a year we can have all of our student debt paid off. It would probably mean renting for the next 16-24 months though. What are your thoughts on this?I didnt want to provide more information than necessary, but if youd like to know more specifics student loan debt, income, home prices we are looking at Id be more than willing to provide below. We also currently have 6,000 set aside for emergencies.Item Amount Interest Rate---------Her Student Loan Debt 11,500 left 4.5My Student Loan Debt 26,500 4.0Combined Income 145,000 -Home Purchase Price 200k-270k 3.5-3.75Other random information that might be useful: We are not currently maxing out our ROTH IRAs because we are considering buying a home, but we max our employers matching of 401k. Our checking accounts we each have our own earn 2.25 interest up to 20,000 balance. We own her vehicle and have a loan on mine that still has a balance of 16,403.84 principal remaining at 3.2 interest. Due to it being the lowest interest debt we have, we make minimum payments only. Purchased 92015  <response>: If you guys have seriously a combined income of 145K, you shouldnt be worried about the student debt. Just pay it off.Seriously, dont even bat an eye at this, go with your gut: Pay it off asap and move on.Optimistically speaking, I think with a bit of dedication to frugality you could both pay off your loans AND have enough for a 20 home down-payment in under a year. That might be a stretch, but its not out of the realm of impossibility. That all depends on how bad cost of living is in your area, of course. You didnt include your spending habits, but for sake of example I can attribute my experience in place of those. In my area, I can easily survive the entire year- all costs included Carfoodrentinsurance on under 20K. If your base costs are 40K 36K for both of the 401ks thats still around 40-50K wiggle room after taxes.So... Thats all of your student debt enough left over for a home downpayment.My recommendation: Get strict for one year, cook your own meals and skip the Starbucksunneeded purchases: You can probably crush the debt and then go for the house on easy-street after that I think. 