<prompt> Human: And I want to know PFs opinion! We make 82K a year, combined before taxes. We owe 19K in car loans. 7K in students loans 6K in credit card debt 0 interest currently. The house we are looking at is 140K. The closing cost is going to be about 7000-7500 - which I have in a savings account but it will wipe my savings completely. Luckily we dont have to have a down payment because we qualify for a VA Loan. We will also have to pay rent to our apartment until September plus moving fees. I dont think we have enough saved to get the house. I think we should wait another year until we have more to save. The house was originally 150K but the appraisal said it was only worth 140K and shockingly we got the seller down. They were going to give us 2K in closing cost but since dropping the price, have taken it away. I hope this is enough info.  <response>: Moving into a new home usually requires purchases. Wiping out your savings is not usually a great idea. You may want to wait, as your instincts are telling you. 