<prompt> Human: As the title states, my husband and I need a gut check in case we are being totally crazy in thinking that we can afford this house. I can answer any questions for things I may have left out I apologize for the length, I wasnt sure how detailed I should be. I really appreciate any help. We love this house but we want to be realistic.Location:The house is on the Northwest side of Chicago. It is 100 updated, newly built two years ago from the studs. There is nothing wed currently change about the house.Mortgage:Purchase price max 520,000, hopefully closer to 500k or 510k; numbers below reflect 520kDown payment - 78,000 15Cash to close - 88,000Principal and interest - 2239.55Total payment including property taxes, PMI, homeowners insurance, garbage collection - 3192.42Income:After taxes and retirement savings - 6673.94 monthlyOvertime husband sporadic, anywhere from 100-200 post-tax per paycheck Bonuses 300-500 of monthly salary 4775, raise due in August yearly for me; 2000 yearly for husbandSavings:Retirement: 170,000 totalI save 25 of my salary yearly in a non-401k employer plan. Husband is currently saving 600 per month in a 401k with a 5 match.We will use our bonuses to max out Roth IRAs at the end of every year for as long as our income allows. After a year well likely reevaluate our budget to try to fit a monthly contribution in. After cash to close we will have 30-40k cash remaining.Debt:I have 14,000 in federal student loans, with an average interest rate of 5.5. Minimum payment is 300 monthly; I pay 500 monthly with the extra going towards the highest interest loan. Estimated date of repayment is October 2020 with this method, after which we would divert the 500 towards the mortgage principal.We have no other debt; we both drive 10 year old fully paid off cars. Expenses:Monthly:Utilities - 300CableInternet - 125Food - 400Blue Apron - 120Phones - 150Gas - 80Public transit - 210Cleaning service - 200Loans - 500Prescriptions - 20Household expenses - 100Fun money - 500Security system - 50Total 2755 5805 with mortgage paymentRemaining - 718.94Yearly:Car registration, city sticker, and permit - 400Car insurance - 1000AAA - 52Hockey - 1000Amazon Prime - 100Costco - 60Notes on expenses the Blue Apron and cleaning service will likely wait a few months until were certain our budget is accurate. Well fit them into our budget if we can but they arent necessities. When one car dies we are not planning on replacing it, as we only actually need one car. We dont need the cars to get to work, we use them for hockey and for visiting family in the suburbs. So we arent budgeting to buy a new car any time soon, and if somehow both died we could definitely get away with not replacing it and bumming rides for a while.So are we nuts? A cheaper house isnt currently an option, as those within our desired locations are usually only 100k or so cheaper while needing a significant amount of work. This house is likely this cheap because of the location its about a mile from the train not at all an issue for us and one street away from a busy main road also not a problem for us as we currently live off that road in a busier neighborhood and dont find that the noisecongestion bother us at all.Assistant: Dont see anything about children or childcare expenses in your budget, so Im assuming you dont have kids. Do you foresee kids in the future? That can drastically change a budget. Human: We dont. We havent decided on kids yet but if we do it likely wont be for at least 5-8 years. Weve considered adoption, and while that comes with the same childcare costs as biological children, my company does pay for expenses related to adoption or surrogacy, if we go that route. I cant have my own children.  <response>: Just something to consider, but if you havent ruled kids out and nearly 50 of the monthly income goes to the house, make sure you dont put yourself in a situation where you want kids but cant afford it with the house payments. I dont know about your anticipated yearly raise but just something to consider. 