“What is the Comfort Level for a Mortgage Payment?”



Hi Joe!

You have been helping my Mother, Vivian with a mortgage. So we have been in the $279 - $299 range. We have slowly increased and have found a home that is $325. Our Realtor has requested we ask you if that would work.

We are between three homes at the moment, (the first offer $275 countered however still high with many updates so we took it off the table unless they lowered). The second we put an offer at $245 which is the one my Mom really wants, (they did not counter with an AS IS condition, which is a challenge) and the other is $325 with distance being an issue but a perfect house, (it is in Mansfield).  I know this sounds confusing but we are getting closer.

So I am running by you the $325 range, is that doable in case this is the one?

Thanks Joe!


Yes, the client will still qualify for a mortgage that would buy a $325,000 home but when we met we discussed what the comfort level was for a mortgage payment. Based on the mortgage payment that the client would feel comfortable with, it translated to a $280,000 to $300,000 property.


I email back that based on the property she mentioned and the property taxes for that property it would mean a $2700 per month mortgage payment.


After I gave her the mortgage payment answer, she let me know that they would keep looking.


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 4 commentsJoe Petrowsky • October 18 2017 02:57PM


Yes, sometimes even though a house is affordable, it may not be the right one. I'm seeing more people now who are taking into account all the other things they want to do with their money - they don't want it all to go to the mortgage and tax payments.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) almost 2 years ago

I have seen too many problems with people maxing out their payment so this is good and prudent advice.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) almost 2 years ago

Good morning Joe. Communication is the key to doing the right thing. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) almost 2 years ago

I always preferred working with people that worked within a "comfort level" rather than maximum qualification.  

Posted by Carol Williams, Retired Agent / Broker / Property Manager (Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.) almost 2 years ago