I really don't know your home market. If that's the minimum entry into home ownership, then you have to make a choice. Have you considered utilities? Maintenance? Are there any HOA fees? Do you have a reserve fun for a bad transmission in your car, or an unexpected medical bill? How old are your vehicles? Will they need replacement soon? What's your current rent, and are you getting by OK right now? I will tell you, a huge financial overreach by my ex wife and I contributed heavily to our divorce. The house bled us dry. I now live in a really nice condo that's about half the size, and I'm twice as happy. I'm not saying you shouldn't consider it, but spend a lot of time asking yourself what you're willing to give up.

$210,000 will be great for your income. You can afford a bit more but always best to stay conservative and buy less than your payment. Too many are falling into the same trap now as started in the mid 1990s.

Once again, Rob is clueless.

Have you qualified for this mortgage? Are you putting 20% down?

My mortgage calculator for 30 years at 5% with 1.25% for taxes doesn't come close to your numbers with 20% down. I'm getting $168k mortgage at ~$1100.

Even at $2300/month of debt, you are at about a 36% debt to income ratio, which is in the safe range. Just watch your wallet and spend responsibly.

Skip it.

unless husband income =s 60,000 yr, when u go out of work for kids

he/u will struggle with costs.

a 210K house here costs 500 -750 OVER the mortgage costs.

never mind Ulilites -250 -400$

DO real world learning b4 u/he gets burned.

decide how fast u Really will go back to work after kids.

seen ur/his money nightmares.

smarter move is a small inexpensive apartment (1b/1b) while u/he

actually get to b a couple.

u/he can save 10,000s$ if u do not blow it on cars etc.

do get books on money while u pay OFF school loans.

empty houses can blow an extra 15000 - 30000$ in as little

as 3 yrs of STUFF u do not really need expect to fullfill marketers needs.

spend a few years learning b4 getting burned by 'house' myths

If that is gross income you will probably qualify with the proper downpayment but it might be tight. If your income is net, no problem. You might want to look at a starter home and upgrade when the job security and income are established. Just a thought.

Sounds reasonable. CONsider if you want to update the house/change things, which may have to be worked into your budget. What about a savings plan, are you maxing out on your 401k to get your employer contribution too? THings to also consider.

You will be at about 35% debt to income ratio which is reasonable for approval.

you earn 6K per month....cost is 2300 sounds about right

I will graduate college next month and start working in January. My husband' s income with mine will total up to about $76,000 a year.

We are thinking about buying a home that is worth $210,000 and a monthly payment of about $1500 with insurance and taxes included. Our bills are about $800 a month....

Is this something reasonable?? Or are we setting ourselves up for failure?