Core Insights - A couple in their late 20s is taking on a $560,000 mortgage with a $4,038 monthly payment, which is half of their net income of $8,100 [1][2] - They have minimal savings left after a 20% down payment, with only $5,000 remaining for unexpected expenses [2][5] - The couple's long-term financial plan relies on an expected income increase of at least $50,000 from the wife's PhD completion [4] Financial Situation - The couple's combined income is $146,000, with only a $90 student loan and a $220 car payment as debts [2] - Monthly expenses, including mortgage, insurance, taxes, and HOA fees, are straining their budget [2][5] - After routine spending, they have about $1,000 left each month, which may not cover unexpected repairs [5] Property Details - The townhome is 1,800 square feet, located near a metro stop, and has multiyear warranties [3] - Similar homes in the development are listed for up to $1.2 million, making their $700,000 purchase competitive [3] Future Considerations - The couple plans to wait several years before having children, depending on the wife's income increase [4] - The employer contributes 21% to their retirement account, which could serve as an emergency option if needed [4] Community Feedback - Commenters express concern about the couple's financial tightness, noting that the monthly payment is a significant burden [6] - Suggestions include being conservative with spending until the anticipated income increase occurs [6]

Core Points - A homebuyer is facing difficulties after attempting to back out of a townhome purchase due to a roof leak and concerns about mold and insurance coverage [1][4] - The seller is refusing to return nearly $5,000 in earnest money despite the buyer's issues with the property [1][5] Inspection Issues - During the due diligence period, the buyer discovered a leak near the water heater, which was later identified as originating from the roof [2] - The seller offered credits for the roof repair, but further complications arose when the buyer changed lenders and faced insurance coverage issues [3] Financing Challenges - Several insurance companies declined to cover the home due to concerns about water damage and potential mold, which the buyer had not previously considered [3] - The buyer learned that the property had been vacant for over six months, raising concerns about a possible mold problem [3] Seller's Response - The buyer feels trapped between the need to protect their health and the financial loss of the earnest money [4] - Despite notifying the seller's agent about the mold and insurance issues, the seller continues to withhold the earnest money [5]