I have a similar priced home. My mortgage payment is around $4200. Doesn't include property taxes (around $12k/yr) and Home insurance ($1200/year). Some numbers above are way too high - HOA is $551 is generally for condos. My HOA is $60/month and in my previous neighborhood, didn't even have HOA. If can do 80-10-10, many banks won't charge mortgage insurance. So the OP's numbers are actually quite close.