I posted earlier and I had some things to take care of before this question was even relevant, I will post up all the details below and I just want you guys to let me know if you think I am ready to take on a mortgage.
Income: 2900-3500 a month depending on bonus. (This number is after taxes / insurance / and 10% for 401k)
Expenses: 1350 (this is calculated for EVERYTHING, including fun money, movies, etc)
Savings for Retirement: 10.4k in 401K, 5k in ROTH IRA
Savings for down payment / lose job fund as of now: 16k
I plan to save at least 1400 a paycheck to make a larger down payment. I have 10 pay periods left before I want to put down a down payment. So I will have about 30k for lose job money and down payment.
I have talked it over with two realtors and more than likely my payments will be from 980-1150/month depending on where in my range I land. This includes PMI, insurance, taxes, etc. This also assumes a down payment of 15k.
I also used this tool and it agreed with what they said -
http://www.drcalculator.com/mortgage/My current rent is 850 for an apartment.
If I buy this house I would buy it myself and need to be able to afford it on my own. However, I will have my live in girlfriend (Been together 5 years) living with me. She will be paying rent directly to me, around 30-40% of the payments.
Please let me know if you think I am ready or if I should wait more time. I am only 23 but the interest rates and prices are so low right now I feel I can make a hell of a move.