<prompt> Human: Hi everyone. My boyfriend and I are interested in buying a home and I would like a second opinion on how much we could realistically afford on our home purchase.nbsp;These are our current stats monthly: Combined Net income: 5,000 Rent: 1,750 Utilities: 90 Internet Phone: 110 Car Insurance: 340 Subscription based i.e. Netflix, Hulu, ect.: 40 Groceries: 350 Other Expenses eating out, shopping, ect.: 1,000 We do not have any debt or any type of loan to repay The rest of the leftover money goes into an IRA or an investment accountnbsp;Current Savings: 401k: 30,000 Roth IRA: 50,000 Taxable Investment Account: 130,000 nbsp;The Real Estate we want to buy: Price Ranges for homes in that neighborhood: 500,000 - 700,000 Estimated Taxes: 1 Home Insurance: Not sure on this Interest Rate: Todays market HOA Fees: 435 per monthnbsp;Is this doable with our current salaries? Were planning on using the money in our investment account for the down payment. Should we not have enough to cover a 20 down payment, we will be taking some money out of our Roth IRA. Is this a wise decision? Any advice will be grateful. Thank you.Edit: Thank you everyone for your advice. I was on the edge about committing to such a huge financial decision and its clear that our income will not be able to supplement the mortgage and for us to live comfortably.  <response>: Is this doable with our current salaries?Just straight up, there is absolutely no way you can afford a 500-700k home on your salaries. Your combined net income cannot support something in that range. I would not even target something half of that, based on the numbers you threw out. Even with a hefty down payment of 20, you STILL cant afford it. Its a recipe for being house poor, especially coupled with a 435month HOA, which is high.I also wouldnt purchase a house with someone I wasnt married to, without explicitly laying out who would get what, or who would own what, in the case of a separation. 