<prompt> Human: Hi All,Im a 32F, living alone in Dallas TX, single income 45k yearly, no kids. I am interested in buying a condo, and its less than 2 miles from my work. Its been recently renovated and it is exactly what Im looking for as far as aesthetics, so I wont have to to do anything to it. I am very interested in finally getting my own place, but I dont want all the responsibilities that come with a house.I know I can financially afford the condo, but its a tight call, and Im not sure if I should afford it. Im looking for some advice here.Specifics:I have, across the 3 credit reporting agencies, a credit score of 737 EXP, 743 TU, and 816 EQF.I currently have no debt whatsoever. No car payment, no credit cards, no student loans, nothing.I make 45,000 a year, and get paid every two weeks, which so far roughly translates to about 1300 a paycheck.I spend:nbsp;350 a month in groceriesnbsp;100 a month on my cell phonenbsp;80 a month on internetnbsp;60 a month on toll tag feesnbsp;200 a month on gas though that would decrease SUBSTANTIALLY if I buy this condo. Its less than 2 miles from my worknbsp;150 a month on electricitynbsp;32 a month on Gym Membershipnbsp;10 a month on netflixnbsp;142 a month on carliferenters insurance Although this would go down to 80 or less if I end up buying a condo, because I wouldnt need renters, and I now have life insurance through worknbsp;80 a month on pet sitternbsp;The condo is 140,000. I spoke with a lender today and they said that with the amount I have to put as a down payment 10,000 I would end up with mortgage payments of 1246 a month, which includes:nbsp;676 PrincipalInterestnbsp;50 Homeowners Insurancenbsp;300 HOA fees per month yikes! but this covers lawn maintenance, water, trash, sewer, swimming pool, condo gymnbsp;120 estimated property taxesnbsp;100 mortgage insurance because I dont have 20 to put downnbsp;Now, Ive crunched the numbers, and I know I can actually afford this...but that leaves me with about 200 a month left over after bills for entertainment or savings savings not including my 403b, which comes directly out of my check, and is figured in with my check amount listed aboveI would really like to buy this property, and finally have my own home, build equity, and get these incredible homeowners tax breaks I keep hearing about...but I dont know if thats a smart option for me right now. I keep hearing that in Dallas this is the time to buy, because home values are apparently on the rise. But I dont want to make myself completely broke to do this.The place I want is literally less than 2 miles from work, so I plan to ride my bike to work. And its located right in the heart of town, less than 5 miles from all my friends and all the bars I like to frequent. Another consideration is that it has a small yard, and I have a dog who is a restricted breed in most apartments, so having my own home would be a huge plus there too.But I dont know if the tax breaks and the equity and the proximity financially compensate for the much higher monthly payments. Im currently only paying about 850 a month in rent.I could use a little direction here, from someone who isnt trying to sell me a loan the bank or keep me in my diapers my mom.I would really appreciate any feedback.Thanks for reading!Edit: Thanks you guys! You guys really helped me to realize that I was getting into more than I could handle, and would have NO backup. So now Im looking into much less expensive condos, that still fill my need 2b2b. I am capable of scrounging up 20 down payment for the price range Im looking at now 100k and less without completely draining the little bit of savings I have. It turns out that I have 3k in savings bonds I can cash out that I didnt know about, on top of 3k in a non-retirement mutual fund that I can liquidate at any time, on top of 6k in a savings account. I also have Roth IRAs, and the lady at Primerica is telling me that I can drain those accounts for a down payment on my first home which this is with no tax implications, and no expectation to pay it back. I am going to confirm this information with a different financial advisor tomorrow. That being said, my realtor says that I have such good credit, and so easily qualify for a loan for less than 100k that I should just stick with 10 down, and then make extra payments to my principal each month. I have 3 approval letters from different lenders, and all lenders are telling me that my monthly payments, including HOA fees and taxes and interest and principal and insurance will come to 950 a month. This is slightly more than Im already paying, but Ill be saving a LOT in gas, toll tag fees, and I wont have to pay for a pet sitter twice a week anymore, so I think it saves me more than the difference. All-in-all, things are looking up, thanks to the sound advice from you guys!  <response>: Did your lender also quote you an estimate for closing costs? Do you have enough funds beyond the 10K down payment to cover them? Im unfamiliar with TX, but I bought a 300K condo in CA and closing costs were 4K. That was on the lower end of estimates. I would also budget an extra 2-3K reserve the first year just in case a major appliance breaks like AC or water heater. 