21 year old couple looking for advice

Hello,

My wife and I just recently graduated college and make about 150k combined pre-tax and pre deductions. We plan to max out our Roth IRAs. We both currently live at her parent’s house. Our month expenses are:

-Car Payment ($374/mo for 72 months at .9% interest) -Insurance ($600/mo combined) -Phone Bill (about $100/mo) -Gas (about $200/mo) -Misc/Entertainment Expenses ($500-$1000/mo)

Since these really are our only expenses, we end up saving quite a bit a month.

We would like to possibly purchase a home in the next year (we have a decent amount saved for a down payment) and we have a house that we would be getting a really good deal on (about 220k for a 350kish home). Is this home feasible for us to afford, especially within this short timeframe.

We currently do not have children, and do not plan to for another 5ish or so years

Thank you!