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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The answer from those looking outside in is yes.  But what outsiders can't tell you is how much extra do you need each month to feel comfortable.  How much do you want to save, to use for vacations, to put away for a new car, a new roof, etc[/quote]

I agree.  Our monthly net is slightly higher than yours, and our mortgage slightly lower, but we also have daycare, student loans, still save for retirement and college and hate pinching pennies.  For example, the pp who says "we make less and can afford it," you have no idea what the rest of their financial situation is.  [/quote]

Agreed. We are close to your situation OP - take-home almost the same, PITI is right around $2800. We do fine with this amount and still save aggressively for retirement and college, take nice vacations, don't scrimp too much on the day to day stuff. However we have no other debt (no student loans, car loans, or CC debt), we have only one child, and our daycare years are behind us (afterschool plus summer camp averages out to around $600 per month). We also have very healthy cash reserves, so we know a big expense like a new roof won't send us scrambling. Without those caveats I'm sure we'd find it more restrictive. [/quote]

OP here. I agree, those are the details I need help analyzing so i can tell if this will make us house-poor. 
We have no other debt, no student loans, but still have daycare expenses.  I imagine things will be tighter during those years. 
What do you consider "healthy cash reserves"?  We have a 10 month emergency fund and the plan is to stop funding that account and start funneling all extra cash (on the new mortgage, will be saving $1k/month) towards retirement/college.
Good decision?
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