I'd do 10%. That reserve savings isn't very much - have you already accounted for moving costs, and any startup costs with the new house like curtains or new furnishings?

Anonymous wrote:This is OP, my contract has been accepted already, so bidding war is not an issue.

Regarding savings rate, won't be able to save much with mortgage payment. Maybe 200 to 300 a month.

PP here and I would do 10% then. This is assuming you really have your budget down tight and actually know exactly what you're spending (most people don't) and you have built in reserves for maintainance, etc. I don't know if I would have bought a house with that tight of a margin, hopefully you have some room to cut back on retirement savings if you have to.

This is OP, my contract has been accepted already, so bidding war is not an issue.

Regarding savings rate, won't be able to save much with mortgage payment. Maybe 200 to 300 a month.