<human>: EDIT: I terribly apologize for my mistake in calculating yearly income. It's 138k not 110k
My father produces about 11.5k per month, this is after taxes. There are about 10k in expenses.  

Expense| Price
---|---
Rent | 1650
Telephone | 450 (I know, absurd, can't cut it down cause contract)
C.C | 1000 (minimum payment)
Internet | 30
BC | 1000 (Don't know what this is but it can't be removed?)
Truck | 2400
Mom | 800 (Mom's looking for job)
Cars + Insurance | 1200
RESP + other insurance | 450
Other Expenses | 400 (groceries, 
Line of Credit | 500
Truck Maintenance | 150

This totals to 10 030.My father works around the clock, literally, he's home only for half a day, then works the next 6 and a half days on the road (truck driver). My mom is looking for a job. I'm 17 and I plan to go to Wilfrid Laurier (waiting on Waterloo's acceptance) this September. My parents don't want me working during school so I can start grinding cash in summer. 

Now the problem: Parents want to move to Waterloo because they don't want me to go drive all the way to the university or take residence. The house they found is $463k, everything was all good until they asked for 10% down payment, rather than 5%. so this made a $46 300 down payment plus the closing of $10 000. So he needs $56 300 by the end of October to get the house. Is this possible? What steps should we take to do this? He has $20 000 saved in his account right now, we planned to leave the place we're at and move into a basement with $800 rent. Besides that we'll eat out less and save more. Will this be possible at all? Do we atleast stand a chance? Or should we let the house go and find something else?

Condense the text into a few key points
<bot>: title. What can we do to save or cut down more on the expenses? I can't think of anything? Should we let the house go?