[Snoopy2645]

Yes 20% down will help you alot!!! BTW I bought my first house at 23 & I had a hard time getting qualified & my mortgage was alot less than yours it was 60k & my dh & I were making what you & your finance are making & we had a big down payment too. So I am not sure you will be qualifed but please be careful dont get a bigger payment than you can afford KWIM I think if you are paying that much in rent your mortgage will be fine but also remember the escrow. That will add to your payment. Thats something no one told me about when I bought my house. Also take into consideration your futures will you have kids & will your wife stay home will you still be able to afford the house then. Just some things to think about because these all happened to me. A year after we bought our house we had our 2nd dd & became a sahm so we had to pay the mortgage on dhs income only we have been just fine but we had to cut back in other ways ALOT!!