<prompt> Human: My wife and I get a great deal of 800 but we are having a 2nd child and running out of room. Found a house that wed like to put an offer in. We refuse to go above 195K with seller concessions and if we get that house for that price it will be 1375 a month including taxhomeownersPMI. Heres the breakdown of our budget:Take home per month: 4340Car loan16 payments leftInsurance : 295Gas: 200 usually 160 and put 40 towards future misc car expensesUtilities: 200Student loans: 625 on pace to be paid off in about 2 yearsDay Care: 400 unpaid in summer since both teachersCable and Internet: 126Cell phones: 112NetflixGym: 30DiapersWipes: 40 current child potty trainingGroceriesToiletries: 460Going out and combined blow money: 140Misc: 200 gifts, random expenses that pop upFunding a child: 34Emergency Fund: 7000Planning on doing 0 down with USDA to keep that safety net. Im swapping to hmo instead of ppo for family insurance which should add on an extra 200 per month leaving us with about 300 of savings each month. Obviously not a lot but some wiggle room there and once loans are paid off we will have an extra 1000 including pay raises by time loans are done. House is in great condition and has all major items updated within the last decade. Edit: Thanks for the comments everybody. My wife and I talked and we are going to wait until our students loans are paid off to buy. Assistant: No, that is crazy. Youre not even in close territory. Putting 0 down on a house with no wiggle room whatsoever in your budget and a ton of debt is a horrible idea.This is a TERRIBLE idea. You are going to end-up BANKRUPT VERY QUICKLY if you do this.I hope Im not making myself unclear.Human: How so? We have 300 to save each month or put towards extra expenses and a safety net if things get bad. Plus, our take home should only increase with yearly raises and that 625 loan payment will be gone in 2 years. Not trying to come off as a jerk, just curious. Assistant: You really need to budget 1-2 per year of the houses value for annual maintenance. Human: Could you give some examples of some maintenance expenses?  <response>: I bought a house about a year ago and have since had to replace a garage door spring that snapped 650 and will shortly have to replace my entire roof 9-12k. Ive also spent money on a new kitchen faucet, caulking supplies, paint and painting supplies, and some supplies to patch a small leak in my foundation. Buying a house also entailed spending a ton of money on things like a lawn mower, gas can, shovels, rake, shop vac, garden hose, hedge trimmer, miter saw, dehumidifier, weed whacker, outdoor trash cans, new blinds, etc. I think I went to a Lowes or Home Depot about every third day for the first few weeks of owning a home. 