<prompt> Human: So I am about a week away from closing on a house with my wife. A little about my situation: I inherited a very small home that we have been living in for 5 years, and it is pending sold the same day as the house we are buying. It didnt have a mortgage so we are clearing 65k from the transaction and plan to put 20 percent down on the 185k house were buying while using the rest for savings and a few new pieces of furniture. Our combined income is 87,500 and we have no debt other than 1500 remaining note on a car. The mortgage with tax and insurance is 960 a month. My question is are we making smart choices? I have read up on it and it seems that we are, but I cant help feeling nervous. I wanted to make sure we had the Home we want, while still being able to save and plan for kids all while not being in a massive mountain of debt. Any advice is appreciatedEDIT: more info. We are both 28 with bachelor degrees. No debt besides the car note which I should have paid off within two months. Both contributing 14 to our 401k funds and hoping to avoid lowering that number. Also we have around 15k in savings apart from our regular checking account thats used to pay bills each month. The loan 30yr is for 148k after our downpayment and we got a 4.5 interest rate best we could find with todays rates in our area  <response>: 185k is well below the price range that would raise red flags for me based on your income and debt. Enjoy the new place! 