<prompt> Human: Hi Everyone, Im looking for some advice as a first time home buyer. Im looking at a home that is listed at 400K. I want to get another opinion if this will responsibly fit in my budget and lifestyle goals. Income with annual bonus is about 138K I have 45K in cash savings acct that I could comfortably put for a down payment I understand I will have to pay PMI - This would leave me with 6 month emergency fund and some additional cash for other expenditures that may come with home purchase furnishing etc.. I want to continue to max out my 401K at work 18k My employer will contribute another 10 to my 401K I have a Roth IRA with 26K I have considered pulling some out for down payment utilizing 1st time home buyer exception to penalty I also have about 12K invested in a taxable account that I have considered pulling out would like to maintain these funds in the market The mortgage, insurance, PMI, taxes, and HOA will result in 2,300 per month My only debt is a vehicle payment of 380mo. I have 20K left to pay off. I would also like to continue to save cash every month for other short term goals around 500 Im 30 years old, no kidsMy partner will basically be paying rent of 600month What do people usually do? Am I an idiot? How much do people generally recommend saving for other short term goals per month I know this is case dependent, but maybe other examples might help.Thanks in advance for any suggestions! Assistant: This sounds affordable _to me_ my _combined_ income w partner is about equal to yours and this is the kind of housing price were looking at for our first home but I consider the following things about your post to be be sort of reddish flags:- you dont havearent willing to save for 20 down- you have a pretty high car payment- youre maybe counting on bonus income- this sounds like a 30-year mortgageIt looks like you have healthy retirement savings, but at your income maxing a 401kIRA is just 15 and shouldnt be hard unless youve been aggressively paying off debt or something. From the numbers here, you might be overspending in general, not on the house. Youre 30, partnered, and childless, but do you plan to have kids? That would change your situation a lot.Disclaimer here because I know Im unusually conservative with my finances, but the approach I prefer is to avoid a housing purchase unless I can _both_ put 20 down _and_ the monthly payment on a 15-year mortgage although we might take the 30-year if its not much more expensive is less than my current rent the baseline amount Im saving for the down payment.Human: Thank you very much! I probably am somewhat over spending - My partner is still in school, and i pick up most of the living expenses and entertainment expenses in our relationship. My income has only been at this level for a couple of years. I have been saving around 800mo to put towards a down payment. Not planning to have kids, but solid point. And yes, its a 30 yr mortgage. I agree, 15 would be idea, but its what we can afford now. Were trying to balance quality of life locationattributes of home with smarter financial decision making.  <response>: Whats the likelihood of your partner needing to relocate after school for their ideal job? Is current monthly rent 800 2300month?It sounds like youre being very thoughtful about the decision just wanted to add some perspective if possible. 