<prompt> Human: Hi guys, fiancé and I are looking to purchase a home and it has a sale price of 399,000. We plan to start negotiating at 350,000 and see where we end up from there. Our only debt is a 20k student loan and our car payments which total 650 combined. We bring in 120k gross and I am also eligible for a 15k annual bonus. Our savings is about 60k which about 30k would go towards down payment.We are currently paying 2k for rent so we thought it may be worth it to just pay a little more to own our house.  <response>: Id say you cant afford 399k with that much debt and car payments. Lets say you get the home for 390kbecause I doubt they will lower it less then that and you put 30k down then your mortgage will be around 2.3k a monthmaybe a lot higher depends on your taxes and insurance. Then add in utilities of around 300 a month and maintenance cost of at least 300 a month your home will cost around 2,900. Which is at least 700 more then your paying nowassuming your utilities are less on the place you rent now probably around 200 a month or maybe less if includes in rent. Can you afford that much more per month without being housepoor? Or possibly get rid of the way expensive cars? Id probably keep the house cost under 350k and put your 30k down on that to make it more affordable and closer to what you pay now. 