<prompt> Human: We are starting to look at houses in the area and dont have too terribly much saved outside what it would cost to cover closing costs, etc. We need to move. We are currently renting from my grandparents in my built-in-1910 great grandmothers old house. House is somewhat updated and very suitable for a couple of 25 year olds. However, its not ours and we need more space only about 1k sq ft what do you suggest we try to do for a down payment? Is there help out there for that kind of thing?Assistant: 20 is ideal but not required. The benefit is you wont have to pay PMI about 75 per 100k financed per month and you will build equity faster. Youll also get a better rate. More importantly than that though, you should not buy a house under circumstances without a 3-6 month emergency fund aside from what we down payment you plan to use. Being out of debt first would also be beneficial, but not practical for many people, but you dont want every hiccup repairs, maintenance, etc to cause you financial hardship or cause you to go into debt. Thats why an emergency fund is so important. Human: Unfortunately, Im stuck in debt for at least 10 years. I have 40k in students loans that are about to kick on. I also only gross 25k after taxes each year.  <response>: Are you sure you should be buying a house? How does rent compare to house prices in your area?This calculator is very good:Use your average weighted loan interest as your investment alternative. 