Determine your most efficient payments using this mortgage calculator.
Your home is probably the largest purchase you will ever make. Most of us cannot afford to buy a home outright, so a mortgage is the only option. Consider the perils of home ownership versus renting - maintenance, taxes, and other fees can drain your account and time.
Consider a home versus a real estate investment - sometimes they can be both. Don't overly commit. This is a purchase where you absolutely want to begin with the end in mind - how long will you live in the home, how long will it take to pay off, can you afford interest rate swings, etc.
Some of the wealthiest people in the world have made their fortunes through real estate, but consider you probably aren't hearing about the ones that have lost their fortunes through real estate. Generally speaking, a home can be one of the best investments you make.