30 years (fixed interest rate) 90% financing realistic?

2019-11-12 07:06:10

So, now my two cents as well. We have a bit more salary, but my husband still pays a hefty 800 euros in child support for his children from his first marriage. So that really puts a dent in our income. We pay 1400 euros monthly + almost 300 euros additional financing. Plus about 250 euros in ancillary costs. (34 water, 80 heat pump electricity, 70 electricity, 50 internet). Normally, we manage that really well and still had enough money left to finish our really big garden (but all by hand ourselves). Now at the beginning of the year, our little one was born. I had my first day at work yesterday. Conclusion: That can be managed too! We made larger purchases from various special payments (tax, bonus, ...) (mowing robot, fence, a lot of wood, garden shed, several tattoos on my husband ...). We didn’t have to tighten our belt. To calculate this, it would be good if you break down exactly what you currently pay monthly as fixed costs. Especially with insurances, I’m a fan of insurance brokers. Ours tidied things up well during the construction phase and we save over 100 euros monthly and have better conditions. Then check what your wife would get in parental allowance. 1800 euros would be the maximum. Perhaps there are also child supplements at your company. You also have to look at what you would pay in daycare fees for a full spot of 45h/week U2. We currently pay almost 700 euros. Calculate all that and then you’ll get an idea if it’s enough. You can’t afford a long parental leave, that should be clear, but a year should be possible. I myself took 10 months and my husband took 4 months in parallel with me. (for the first 2 months your wife will receive maternity pay, which corresponds to the net salary). Otherwise, for the budgeting: Plan at least 10k more. You will have to upgrade somewhere, trust me! Otherwise, you can build quite well with the standard. We did too! To make it cheaper for you, it would be worth considering how many sqm you really need. We are happy with 150 sqm. My parents have 120 and no one has to squeeze there either.

2019-11-12 07:21:00

The question remains how much is earned in total. Parental allowance is also taxed retroactively as far as I know. So it can also result in a back payment. And yes, childcare can become VERY expensive!

2019-11-12 07:26:59

And yes, childcare can become VERY expensive!

Oh yes, that's true. I find it really unfair that in other cities childcare is almost free. But what can you do, it's only a few years and at the same time you can work. Even a part-time job should bring in more than the childcare costs. It gets more difficult when there is a childcare gap at noon in the first school year.

2019-11-12 07:59:38

The OP is blocked for some reason. Therefore, if anything, this will be a monologue here.

2019-11-12 08:11:59

So now my two cents.
We have slightly more income, but my husband still pays a hefty 800 euros in child support for his children from his first marriage. That really puts a strain on our income. We pay 1400 euros monthly + almost 300 euros in additional financing. Plus about 250 euros for ancillary costs. (34 water, 80 heat pump electricity, 70 electricity, 50 internet).
Normally, we manage really well with that and still had enough money left over to finish our really large garden (but all done by hand ourselves).
At the beginning of the year, our little one was born. I had my first day back at work yesterday. Conclusion: That’s manageable too! We made larger purchases from various special payments (tax, bonus, ...) (lawnmower robot, fence, a lot of wood, garden shed, various tattoos on my husband ...). We didn’t have to tighten our belt.
To calculate this properly, it would be good if you break down exactly what you currently pay fixed each month. Especially for insurances, I am a fan of insurance brokers. Ours tidied things up well during the construction phase and we save over 100 euros monthly and have better conditions.
Then take a look at what your wife would receive in parental allowance. 1800 euros would be the maximum. Maybe you also have child supplements at your company. You also need to see what you would pay in daycare fees for a full spot with 45 hours/week U2. We currently pay almost 700 euros.
Calculate all that and then you will get an idea if it’s enough.
You can’t afford a long parental leave, that should be clear, but one year should be possible. I myself was 10 months and my husband was with me for 4 months in parallel. (For the first 2 months, your wife will receive maternity pay, which corresponds to the net salary).

Otherwise, for the upgrade: Plan at least 10k more. You will upgrade somewhere, believe me! Otherwise, you can build quite well with the standard. We did that too! To get it cheaper for you, consider how many square meters you really need. We are happy with 150 sqm. My parents have 120 and no one has to squeeze there either.

Also financed 600k?

2019-11-12 13:50:52

Also 600k financed too?

No, of course not. But it’s not about the amount, it’s about the monthly burden.

Parental allowance is also taxed retroactively as far as I know. So it can also result in a back payment.
...

That depends. It only hits you badly if you chose an unfavorable tax class. We both have 4/4 and it at most shows up in the tax refund, which then comes out a bit smaller.

30 years (fixed interest rate) 90% financing realistic?

Evolith

Joedreck

Tassimat

Zaba12

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Evolith