<prompt> Human: Hi all,Im in my mid 20s, looking to buy a house. Ive actually started the contractclosing process for a house a like. Heres a breakdown: - Cost of house is around 160,000 - Annual income is 52,000 per year - Total monthly payment is around 1400 per month Mortgage HOA PMI Taxes - No student loan debt - No credit card debts - Dont have car payments to make currently but will change in the future x200B;Im having some doubts if I should go through with this or not. Ive always believed in living below my means, rather than at or above. While I can make the payments per month and my folks will be around to pay for utilities, Im having doubts that this is a smart move in the long term.x200B;I calculated the monthly debt of the mortgage to be around 28 of my income, if not slightly above that. Im also factoring doing this all by myself as my folks arent always going to be around. So if I had a vehicle payment to that, plus utilities... Im not going to have much left over per month.x200B;Plus, Im having doubts because I realized the scale of commitment to buying the home. Im locking myself in to something that Im always going to have to be sure I have the funds to pay. This isnt like an apartment where once the lease is up, its a one and done. This is going to years of payments and more payments for maintenance, repairs, etc.x200B;So Im really worried about what Im doing right now, and if the smarter move is just to step back and continue renting a place around 1,000-1,200. Ive been working to upgrade my income to 90,000 - 100,000 target. Even when hitting that target, I still plan to buy a home around the same price range. I have no need for anything far above that.  <response>: Sounds like you did your due diligence. Trust yourself! If you find the payment too steep after a couple months, you can always take a roommate. 