<prompt> Human: Were in the process of putting in an offer on a home. Ive tried to budget out our income and bills to the best of my ability, but Im hoping for another set of eyes to make sure Im not missing anything. The home is 275,000. We have 13,400 in savings, and another 3900 on the way from a loan from my 401k. 10 year term 3.25 Heres my budget spreadsheet: Income My income 2800 base pay plus 100-200 likely in overtime, not factored into the totals below GF income1800plus 100-200 likely in overtime, not factored into the totals below Withholdings amount by which our monthly income is expected to increase by adjusting our tax exemptions on our W4 to make up for our taxable income deductions from the interest on the house 385Expenses Scion payment 300 Scion Insurance 150 Frontier Insurance 120 Cell 135 Gym Me 20 Gym GF 20 Spotify10 Netflix8 Hulu8 Gas Me 200this will reduce significantly after we move as this will cut both our work commutes Gas GF 275this will reduce significantly after we move as this will cut both our work commutes Tolls 40 Food750estimate - will likely be less Mortgage1888 Estimated Gas Elec250 Estimated Verizion80 Estimated Water30Income Total4,985.00Expense Total4,284.00Leftover701.00Our cash at closing is going to be approximately 15,000 if the seller agrees to 5000 closing costs assistance. Leaving 2300 in our savings. The withholdings line in the income section is a suggestion by our mortgage lender. Its the result of increasing our exemptions on our tax withholdings by a few points. The 385 figure is just an estimate of how much our after-tax income would increase. Is 700 a month sustainable? If I left anything out please let me know. EDIT: It sounds like the main concerns here are our down payment is low and if we needed to sell the house wed be at a loss GF and I arent married, breakup would leave the other unable to pay the mortgage personally not a concern, were getting married within the next year or so If either of us lose our jobs, neither could afford it Borrowing from my 401k is a bad idea because Id need to immediately pay it back in the event I lose my jobLets say hypothetically theres no risk of a breakup or job loss. Is this still a monumentally terrible idea? On paper it sounds like 700 surplus a month is doable.EDIT 2: A lot of people are advising that I account for PMIinterestproperty tax. The 1888 mortgage payment includes all of this. I also want to mention that even after the 401k loan, I still have 13k left in the 401k, am 28 years old, and Im contributing 12 of my pretax income 55k gross a year to the account between my contributions and company match. Additional savingsholdings include 3400 in company stock that can be sold at any time with only the burden of 15 capital gains tax on my realized gains, and 2000 in a separate savings account that I did not mention earlier. Assistant: So many red flags here:- lack of a down payment - ownership of the house what happens if yall break up- what is withholding in your income section? Id be very hesitant to include tax refunds in my income calculationHuman: Why is a low down payment risky? The downsides are just a higher monthly payment, right? The withholdings line in the income section is a suggestion by our mortgage lender. Its the result of increasing our exemptions on our tax withholdings by a few points. The 385 figure is an estimate of how much our after-tax income would increase.Breaking up isnt going to be an problem. Weve been living together 6 years, no issues yet.  <response>: Higher payment and PMI my PMI is 100month. 