Huh? You make $36,000 a year, pay out $17,000, have a $25,000 car laon and you want to buy a house? You're kidding right? You guys are in HEAVY debt. Why would two students living with parents have two financed cars?!?!?! You guys need to get completely out of debt, compile an emergency fund of 3 to 6 month's expenses. Both get CAREERS, not jobs, and save up a 10 to 20% down payment, PLUS about 6% for closing costs. You guys are a LONG way from uying a house. If you do try it, you will be bankrupt or foreclosed in no time.