Reply to HHI $250k what would you spend on mortgage?

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[quote=Anonymous]DH $105k, DW $150k. Stable government employment. One kid, 4, and firmly one and done. City has excellent public schools but may go private. Kid is gifted and will likely need asynchronous learning support, private maxes out at $25k/year through high school for the school we’re exploring. We max out retirement and focus on saving and investing, we are going to cash flow college. No debt. Own current home, free and clear, haven’t decided if we will hold or sell before moving. Rental income would be $22K~/year factoring in vacancy/taxes/repairs. But not sure we want to deal with the hassle of being landlords. Homes in area are appreciating and expect that the value will go up significantly over the next 10 years. Taxes are low and manageable and the property is a multi family.

Given that financial picture what would you be comfortable at for a monthly mortgage payment? We’re planning on working another 20 years, and having the mortgage fully paid off at time of retirement. DW will get at least 8% increase a year, DH is likely going to change jobs - less stable but twice as much money - will still receive a small pension from current employment. [/quote]

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