802k€ for house including additional purchase costs with 600k€ loan - Financeable?

Rubber door striker at Daimler to do? That’s such a typical corporate bigwig mentality.

And what kind of mentality is that? Totally off!

[*
current cold rent
[LIST]
[*]€559 (incl. water + additional costs; still at the old student apartment)


[*]electricity


[*]€59


[*]gas


[*]€54


[*]phone, internet, mobile phone, GEZ


[*]€70

Mobility costs:

[*
insurance
[LIST]
[*]€81/month for both vehicles


[*]taxes


[*]€17/month for both vehicles


[*]fuel


[*]€200/month for both vehicles


[*]repairs & wear and tear


[*]approx. €80/month for both vehicles


[*]TÜV & inspection for both vehicles


[*]€135/month

Get used to always rounding up a bit, after all a) it’s easier to calculate with round numbers b) fixed costs increase every year
And c) this also covers forgotten items.

Groceries + drugstore

[*]€220/month

Sure??? Do you only buy from discount stores and use pure soap for everything?

Private health insurance (also supplementary health insurance, daily sickness allowance, etc.)

[*]paid by the parents

Yes… nice… but different. A financial boost in emergencies or start-up capital is great, but a dependency or obligation, even if it’s family, I find somewhat embarrassing considering the salaries.
Maybe you should rethink the dependency and child role a bit.

Children planned?

[*]Definitely planned 1 child (2022, at the latest 2023; possibly a second child quite soon thereafter)

Though it’s eerie how you seem to have a direct line to a crystal ball, it’s good to know and calculate:
That is exactly the point where it can get very tight.

means paid off after 41 years

I don’t think that will happen. You have financial backing for special repayments.

All the liquid stuff belongs as equity in the financing. If the stocks are doing well, you can afford your extras from that. Or special repayments.
Haven’t had a meeting with the bank yet? Then get going.
Whether you can sleep well with the financing sum? ... that you have to decide.

I find the statement very well-founded and open. Also the amounts you receive from the parents.
Do they happen to want to adopt a 39-year-old nice guy??? :)

But you forgot the cost for the parquet flooring that you want to install yourselves. But let me guess who pays for the material ;)

I also see it that more equity probably needs to go into the financing. But I can also understand that you don’t want to liquidate the profitable investments.
Can the parents free up more cash?

But it’s all theoretical number games anyway. It has already been said here. It mainly depends on the valuation of the house by the bank. If they only value the property at 500k, you will have problems anyway and may need more equity

Somewhat envy plays a role here. If the OP and his partner come from well-off families and they pay for things like insurance or private health insurance [PKV]. So what? Why not take advantage of that.

It only becomes problematic because a bank doesn't care about that and calculates those costs down.

As I said, it will all be financed. If there are children, finances will get tight, but family is there. Grandpa and Grandma will certainly support generously.

Regarding stocks, it’s not gambling or anything like that. A good investor knows the risks; anyone who has such a portfolio already knows what they are doing. Many buy on credit and overextend themselves. That happened to many of my colleagues, including me. I managed to get out in time. When you start with options, derivatives, etc., it can possibly become an addiction at some point.

The solvent family is to be wished to everyone, but one should still plan in such a way that one is not dependent on it, and I rather do not see that here.

The solvent family is to be wished to everyone, but one should still plan so that one is not dependent on it, and I rather don't see that here.

Of course, that is the downside. One can also fall out of favor.

Because it can just disappear quickly.

About the stocks, it's not gambling or anything like that. A good investor knows the risks; anyone with such a portfolio will know what they are doing. But many buy on credit and overextend themselves. Many of my colleagues experienced this, including me. I managed to get out in time. When you start with options, derivatives, etc., it can eventually become an addiction.

The question is how a financing decision-maker sees it?! Well, we know an example from our circle of friends. It was neither counted as equity nor income directly but ended up just in the column "equity available but not used." And the "it can disappear anytime" was not referring to stocks/gambling/losses but to this bank statement that stocks could just fall, just like unused equity couldn't be sold off OR both could be a reserve.

I don't know if I was able to describe it clearly ...

Regarding the installment, €1500 plus special repayment should fit quite well.

I rather see an installment of €1750 depending on the interest rate?!

Good luck to the OP!