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[quote=Anonymous][quote=Anonymous]You'll be more than fine.  Seriously.

DH and I make combined around $250K.  Have 2 kids in daycare - $2800/month - and pay around $4500/month for a mortgage.  And we still max out our 401(k)s and save in 529s and an emergency fund.  And travel, gamble and take vacations.  We have no other debt, and paid off our student loans years ago.

I can't get over how conservative some folks are here.  My philosophy is to be prudent, but have fun living while you can!
[/quote]

seriously?  OP, I totally disagree.  We are in a similar position to you.  Make $305K combined with about $2000k a month in student loan debt. Current mortgage is $3000k or so plus $1500 for daycare.  Assuming we have another kid soon, there may be a year of overlap.  We are contributing but not maxing out 401ks and haven't started contributing to the 529 yet.  I really don't know how other people are saying that a $5000k mortgage is doable.  Where is the money coming from?  I don't think this PP appreciates what taking $2k a month to pay off student loans does to a budget.  We aren't super frugal b/c we both work -- we pay for a cleaning lady, eat lunch out, socialize with our friends -- not extravagently to any of this but still.  In terms of saving money if we need another car, or house repair, or what not --- I'm wouldn't feel comfortable with such a large mortgage.[/quote]

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