Is $86,000 a year enough money to afford a $270,000 home?

My fiance and I make between $ 84-88,000 a year depending on her overtime at work. We don’t have any kids yet, and the only debt we have is my $ 525 a month student loan payment. I think we can afford it, am I correct in saying this? We have $ 20,000 for a down payment. Thanks.
The house would be a new model with all fixtures and appliances. When the kids come, my fiance’s sister (who stays home during the day) would live only 5 blocks away and she has expressed she would be more than happy to take care of our kids at NO cost since we have watched her kids NUMEROUS times.

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