Having the down payment and enough money every month for the mortgage is an incredibly important step in acquiring your new house however it is almost as important to factor in the cost of your new house after you have signed on the dotted line.  Maintenance, improvements, taxes, and insurance are all costs that are added to a monthly house payment. If you buy a condominium or townhouse, a monthly homeowner's association or maintenance fee will be required.   

If you are unsure if you should buy a home after figuring out these considerations then you may want to consult with a certified accountant or financial planner to help you assess and plan how a home purchase will fit into your overall financial goals.