<prompt> Human: Instead of a traditional wedding, my fiancé and I both 26 are planning to elope in order to save our cash and buy a house. We just found a home that seems perfect - one that we can envision living in for at least 10 years if not the rest of our lives. That said, Im worried it will be tough to afford. The asking price is 330k, although Im guessing there is some room for negotiation. Here is the breakdown of our situation:-Total income of 105k-Total checking balances of 10k, total savings balances of 30k-Total of 30k in retirement funds half 401k, half Roth IRA. Currently contributing around 10 of our salaries-Total student debts of 30k remaining she has 12.5k, I have 17.5k with average interest around 5. Will be all paid off in 4 more years at current pace.-Both have car loans, total around 12k at average of 2.4 a Honda and a Toyota so should be reliable for a while still-Currently rent apt at 950month 425 each-Other standard bills such as car insurance, utilities, groceries etc.We want this house because we love the area its in, its large enough to eventually raise a family in great school district, but not too big, and we can just see ourselves living in it forever. It is all updated so I dont foresee any abnormal maintenance costs. So our plan would probably be to put down around 20k to maintain a bit of an emergency fund, and then keep doing what we are doing as far as retirement contributions and student debt payments.Does this all seem reasonable or do you think this house is too expensive considering our circumstances?  <response>: In my opinion its a little rich for you right now consider your existing debt profile. In addition you dont have enough for a sizeable down payment so you will pay PMI, which sucks. If you wanted to convince yourself, you can probably swing it, but you wont save anymore money and your debt will cost you more since you wont be able to pay it down aggressively. My advice is to continue renting, save like crazy up to 25-30 percent of the home value, and pay down the debts a little before you consider buying. Also, nobody foresees abnormal maintenance expenses, but they happen even in newly built or updated homes. 