My wife and I make a little over 100k gross a year together. Most houses have a $2500+ mortgage. What’s too much?

I really don’t wanna get a trailer but if we wanna stay at a reasonable monthly mortgage we might have to. We wanna be able to renovate over the course of a year or 2. So we don’t wanna stretch ourselves too thin. Any advice on how you found a monthly price that benefitted you the most?

To clear some things up in the comments.

We have 25k saved for a down payment and are trying to get an additional 10k buffer saved before we actually purchase.

I also have a housing allowance (about to start) with my job that will help with monthly and some other things lined up to potentially help with renovations.

I understand how risky it is! I was looking for some advice on finding a healthy mortgage ballpark. We were trying to stay under 2k a month but that is unrealistic where we live. We probably could go to 2.2k. I’m looking for general calculation advice. And any tips that helped along the way!

Yes. We do have a budget! We save around 2500 a month after every expense. That number will go down to 1500/2000 if we add mortgages expenses.

It’s scary and would love insight from people who have gone before us in a similar housing market.