<prompt> Human: My wife and I sold our home in November and have been saving like mad since. We have about 34k liquid 20k house fund, 14k emergency fund and have found a home we really like and put an offer in on. My wife is disabled and receives 900month from SSA. I make around 85kyear and my take home is around 3600month after maxing a Roth and putting 8 into retirement accounts with 5 match on top of all of thisThe house is this: Offer: 225k - home needs about 20k in repairsupgrades but after repair should appraise at 270k-280k Taxes: 9000year disgusting I know, fuck NJAssuming a mortgage of 225k for ease of math right now: 15 year 3 - 2400month 53 of take home 30 year 4 - 1925month 43 of take home In the past when I was a 22 year old dumbass I purchased my first home and my mortgage payment was roughly 60 of my take home. It was struggle and taught me a lot on how to handle money. I am extremely frugal and managed to get by and still enjoy life. I love the idea of being under 50 and having a paid off home. I am disciplined enough to take a 30 year mortgage and make extra payments on it, but I feel that lifestyle creep and other things like cars and vacations could create convenient excuses as to why I dont have to make the extra payment that month. Im looking for advice on what you would do in this situation. My wife and I are always on the same page and want the financial security and freedom that sacrificing todays wants brings. I just dont know if with interest rates being as low as they are that it makes sense to squeeze the budget towards a home. Any advice is appreciated. ThanksEDIT Thanks for all of the advice. I never really thought about the flexibility that a 30 paid as a 15 would give you. That will be the strategy Ill shoot for. Regarding take home s. This is an under-estimate and like optional payments I can always cut back on my Roth contributions if shit hit the fan. I also have some stock options 10k or so and a couple other non-retirement vehicles I can cash out to use as down payment to lower my monthly cost. We havent gotten word yet about the offer and would be another 2 months to closing so that would be an additional 8k that we would have to throw at down payment as well.  <response>: You almost screwed yourself with 60 of take-home but youre considering 53 again? Dude, dont overextend yourself.Obligating yourself to higher payments through a binding contract just to avoid lifestyle creep isnt smart. Just get your spending under control without creating a situation where youre legally bound to higher payments. You say you want financial security and freedom but youre willing to risk security and freedom through higher payments?Just stick with a plan you can afford. No need to put yourself and your wife on the line contractually. Learn to make extra payments yourself without risking default if you dont make them. 