The answer to the question lies within yourself:

Do you feel confident that your savings would carry you through --insert list of emergencies--?

If the answer is no, then you should save more. If the answer is yes, then you're fine.

If it were my savings account, though, I wouldn't be comfortable with $1,650.

There's also the forbearance issue but I don't know what dynamics that adds to the mix.

The answer to the question lies within yourself:

Do you feel confident that your savings would carry you through --insert list of emergencies--?

If the answer is no, then you should save more. If the answer is yes, then you're fine.

If it were my savings account, though, I wouldn't be comfortable with $1,650.