Separate the emotional aspect of the home from the financial aspect. It’s nice to own a home, but it’s not a need.

Based on your numbers above, your mortgage and some utility costs will be more than 50% of your take home budget. You also don’t account for property tax, insurance, and maintenance. It seems a bit too tight. But, everyone is different. You could also rent a room to help out on the mortgage.

Build your overall budget, write down your goals (retirement, travel, etc.) and see how those goals fit in with what’s left.