<prompt> Human: I am 28 years old from Texas and living with my fiancee and her son and we have found a 1600sqft house for 195k in the Carrollton area. The house will be closer to my job, about a 15-20 min drive, I currently live about 40 minutes away from work. We currently have 10k in savings combined I am trying to budget the house and expenses with only my salary as she currently can not help much with the home expenses due to paying for school out of pocket and other debts, so I do not want to count on her income until she is done with school. My yearly salary is 65k and my take home pay after taxes and 6 contribution is about 3600month. From looking at Zillow mortgage calculator I am expecting my monthly PITI to be about 1350 per month, below is the breakdown. I have been pre approved for a 30 year loan with 5 down with no PMI at a rate of 3.875 fixed. Another thing I would like to add is I do not have a car payment at the moment but I am always worried my car my give out on me soon. I have a paid off 95 Nissan maxima and I am handy so I have done all the repairs myself but I feel as if I should thrown in the towel soon. My only debts at the moment are, 3k on a credit card and a school loan which I only owe about 1.3k on.Home: 195k5 down: 9,750Rate: 3.8752.58 Property Tax: 5,031 yearlyHome Inurance: 800 yearlyTotal Monthly: 1357monthI do not want to live check to check and I enjoy traveling every year so I would like to have extra cash for yearly trips and would like to create a savings account for emergencies.These are my monthly expenses I am calculating for---InternetTV 100 we mainly just use internet, tv will be basicCar Insurance 130 this is just mine, she pays for her ownGym 30Car Gasmaintenance 220Groceries 500Electricity 250 texas heatGas 80Water 60MortgagePMIHomeOwnersPropertyTaxes1350Total:27203600-2720880If I purchase a car it would be an additional 300-400 a month.I would like to have saved up more, but the housing market in Texas is moving fast and house prices as well as interest rates are going up. I would like to purchase a home before the prices go up even more and the interest rates jump up again. Please let me know if I am over my head, if I missed something from my budgeting, if I am overreacting. One of my biggest concerns is that there are companies relocating to Texas which is going to make the housing market jump up even more, so I am wanting to purchase a home before the market gets even worse. Thank you for your help rPersonalFinanceThank you everyone for your helpful advice and from saving me from future failure. I am going to hold off and save more as well as look for something in my or below my means.  <response>: just my .02, but it seems a little out of your current price range. Yes, you can technically afford it, but it sounds like that would be exhausting your current savings to even put 5 down not to mention additional costs with buying the house that dont get rolled into mortgage, few hundred for inspection, first 6moyear insurance up front, potential furniturecurtainsapplianceslawnmoweretc needed. First few months will end up costing a lot in the little things associated with first time owning a home, in addition to the 1 home valueyear in home repairs aka another 2kyear, or 170month towards your budget. You also didnt list a cell phone bill? those often run 100month... no eating out? good for you. If not, even a couple times per month isnt negligible. the little things really add up discretionary spending? Drinking money? new clothes? new gamehobby item? the 20 here and there every month will eat away at that 880 if left unchecked 