<prompt> Human: Im a recent college graduate 24 years old working full-time in city government and part-time as a delivery driver. Combined my annual income pre-tax is 50k. I currently pay 840month in rent plus around 100month in utilities. I still have 28k of debt 20k in student loans, approx. 4k in credit card debt, and just under 4k in car payments and my credit rating is in the low 600s simply because of the number of various loan sources Ive had in a relatively short period of time. That being said, Im having no difficulties making these payments to the point Im able to pay off 1k of debt per month- by the end of this summer Ill have all my credit card debt paid off. Recently a condo became available in a really nice section of the city for 159k. Being a complete novice at this, mortgage calculators are claiming that even with a 0 down payment, my average per-month mortgage payment would be less than my current living expenses renting. I have no intentions of moving out of the city within the next 15 years and its my goal that once I pay it off, it could be used as an income property.In my current situation, IS THIS FEASIBLE? Will I be able to get a loan with mortgage insurance and will I be able to afford it - my max monthly budget for living expenses will be around 1300. EDIT: Damn. I hate having to be patient. Thanks for everyones advice and for getting me back to reality.  <response>: Your debt to income ratio is pretty high as it is. Why would you go out and put yourself under another 159k? And no down payment?! Thats asking for trouble.Your credit score is borderline mediocre. You probably wouldnt get a good rate on that loan. Youd be paying around 1300 a month on a 6 15 year loan. Youd probably also be paying higher utilities and HOA fees.You really need to focus on paying down your debt. Live below your means. 