<prompt> Human: My wife and I currently live in a 4 bd 3 bath home valued at 200,000. Our monthly mortgage payment including taxes is 1200 and we currently bring in 6,000-7,000 per month. We found a house that we love closer to our jobs and would save each of us 2-3 hours a day off commuting. The purchase price would be 320,000 with 16,000 5 downpayment. I expect the monthly mortgage payment to be close to 2000 for a 30 year loan and 2700 for a 15 year. Are we buying too expensive of a house? We are also downsizing to a renovated 3 bd 2 bath .  <response>: 2-3 hours per day. Move closer. 