<prompt> Human: - Salary 45k- Savings 60k 50k in stocks that I can sell- 401k 60k feel I put too much in when I was younger; wish I had more to put down--I take it that I shouldnt borrow from my 401k to put more down?- 29, single, no kids, no debt, own car, very low cost of living, first time buyer- Currently live with parents so very low rent, not in a rush, but Ive been ready to move out for years! Ive been casually looking for the past 4 yrs, but prices keep increasing. - Building is old, but location of condo is incredible-across the street from a train stopcity center in booming Boston suburb. I cannot afford a house in this city as they are 400-1mil. TONS of luxury condos popping up that are 300-500k in past 1-3 yrs. Listing price is 200k redfin estimated listing is 210. - I can put 25 down- Want to do a 15yr loan- HOA fee is 480!!! Not sure how much they have in reserves, but the building is from 1930. This is my most concerning aspect-Im sc to see it later this weekend, but online I dont see anything special about this place. Thinking because its an old building. Just a bit irritating as Im sure this would increase in the future.So I have a lot of credit cards--9 cards with a total limit of 63,000. Im not a churner, but big into points. I did open one earlier this year. Im a very responsible user, but the banks probably wouldnt banks would see it that way. I typically spend 1-3 of my limit per month and once or every 2 yrs Ill spend up to 15 of limit in one month because Im organizing a vacation and people pay me back. So I may move away within 5 yrs as Im in a long distance relationship. He is receptive to moving up here though too. If I moved away, Id rent this out and I understand that there may be a waitlist for that sort of thing with condos. Edit: This place is a 1 bedroom and its 650 sqft. I dont want to share a room--thats what Im already doing now at home. My take home is about 2500m. My everyday expenses would probably be 600-700m. I eat outhang out maybe oncetwice a month, if even, otherwise I cook at home. Im not really social. I think I could keep food to 100-150m. Not sure if these are already included in HOA, but if not, electricityinternet 100 hope so for 480 HOA!!!. Heat, water, master ins is included. I pay in full, but car ins comes out to 250m. I enjoy hiking and mountain biking so expenses would include gas to get there, but I could keep it locally for the time being. Gas would cost 150-200m. I dont really shop or buy things in general. Where most of my money does go to is traveling, which I do 3-5 times a year. Obviously, that would have to stop if I get this place and has been the reason I havent looked more seriously.I havent made much from stocks so far this year, so there isnt much tax. Id pay 1-1.5k. My parents had offered to loan me 50k to put down in addition to what I have, as they did for my sister. Obviously, Id make regular payments to them each month. But, I dont want to do this because they paid most of my schooling and I sort of want to do this with what Ive earned. A lot of you are saying the same thing and it makes sense. I think I knew this, but saw this as really my only shot at buying a place within walking distance to a train station in a Boston suburb because a 1 bed condo is easily 240-300k around here. Then, people offer more than the listing. Ill go to the open house to see and get clarification on the HOA, but I probably wont be pursuing this further. Just feeling that at this rate, Ill never get a place. :EditMy car is paid for. My car insurance comes out to be about 250m 2 fender benders. Im lucky enough to have a dad that is willing and able to fix cars. I pay for the parts and treat him out once in a while.My 2.5k take home is after my 401K contributionsI read poor reviews regarding the property management company. I requested governing docs, financials, and meeting minutes before I make a final decision. If I do this, I will take a 30yr with just 20 down and be aggressive with early payments.  <response>: 401k 60k feel I put too much in when I was younger; wish I had more to put down--I take it that I shouldnt borrow from my 401k to put more down?Putting in money when you are young is fantastic!But that HOA a 200k condo is i just too much on a 45k income. You are looking at a mortgage of around 1100mo 480mo on the HOA, is already 1600 and you havent paid for insurance, utilities and taxes yet! You take home what? Roughly 2450mo? Youll very quickly head towards 2000mo in housing costs alone. 