I see so dingo is probably considering the $2400 as the effective total payment after the tax savings. I don’t know that I can afford 3400 so that it becomes 2300 at the end of the year. Of course I suppose you reduce taxes. Still with my rent being $1900, I am guessing another 100K down is a better entry point. In my case I won’t buy until the credit card debt is down to zero which could take a couple of years and i’ll probably go a few months longer to build up a war chest for emergencies. Last time I bought a house, so much crap needed to be done, I ended up charging up again.