<prompt> Human: We are looking to buy this home priced at 410k. Between my husband and I, we make 132k a year and have saved up 40k as a down payment. We are going to have the seller pay all closing. The mortgage would be 2,300 a month including property tax and homeowners insurance. The mortgage equates to 27 of our net income and 21 of our gross income. People keep telling us that we cant afford it because we are 23 and 24 years old. Can we afford it and still be able to save money and spend comfortably?Assistant: Its probably reasonable. You should really look at your whole budget though. If you have 2 kids and 200,000 in student loans its a totally different story than no kids and no other debt. We dont know what your whole situation is.Human: We have no debt yet both have Bachelors degrees. We do have 2 kids but my parents watch them for free.  <response>: Ok, 2 kids isnt a deal breaker, especially if you have no other debt. I would still make a budget though. Houses are expensive, you need to have a full accounting of what youre getting into.Mortgage, insurance, property taxes. You can also estimate 1 of the homes value a year for maintenance, so in your case 4,000 a year for maintenance told you houses were expensive. HOA fees if applicable.You should also have a 6 month emergency fund saved up in addition to your down payment money, plus any money you would need for furniture, moving costs, etc.You should be putting 15 of your pretax income into retirement savings as well.I would also point out that just because a 400,000 house fits in your budget doesnt mean you actually have to buy it. If you can get a house for 250,000 that meets your needs and invest the rest of your money that might be the better option. 