How does this Mortgage and Income look?

We need to move because of location and are unfortunatley losing our 2.86% interest rate. We are in contract with a house for $480,000, putting 20% down. With insurance and taxes our mortage is looking roughly $3,100-3,300. We make roughly 170,000 a year, taking home $8,500 a month. Our income will go up by roughly 15,000 starting in August which will make our take home pay roughly 9,300.

Here is our budget:

House, insurance, taxes: 3300

Water: 30

Electric: 270

Oil: 200

Garbage: 30

TV: 170

Internet: 90

Phones: 117

Student Loans: 233

Car insurance: 250

Car Payments: 642

Spotify: 19

Daycare: 595

Life Insurance: 141

Gas: 200

Groceries: 500

Miscellaneous baby/kid stuff: 300 (think formula, diapers, clothes, school supplies, etc)

Roths: 600

529's: 233

We give each other about 75 bucks a week for "fun money" but that is never fully spent. I don't consider it part of our budget because we don't need to spend that money, but it gives us some wiggle room to treat ourselves when it's available. If you want to include it, that is 600 a month.

How does this look? Does anyone have a similar mortgage compared to income? Will it feel tighter than it looks? It's not even like we are buying an overly expensive house for our area. Its a 3 bed, 2 bath, 1350 square foot house. We can't really go much smaller with the size of our family and we are currently moving from a 3 bed, 1 bath, 1050 square foot house that we bought for $310,000. That house is now going to sell for $430,000, so we wouldn't be able to buy another house and make a slight improvement in size and location without spending less than what we are already spending. It's really the interest rate that is skyrocketing that mortage price (obviously), as a lower interest rate would drop that under 3000 easy, which I feel like would be more doable. I am worried that we are doubling our mortage but we tried to find the cheapest options on the market (house was originally 450,000 but we had to put 30k over to get any offer accepted), so I'm really hoping we can make it work since we have to move.