Amount of the monthly installment

My parents have a lifelong right of occupancy / right of residence.

If the right is registered in the land register, the house should (more or less) have no value for the bank (unless the parents are already very old). The bank will then have to act as if the property simply does not exist and there will be no better conditions for you.

If your house is not sufficient when reselling. The parents' right of domicile helps little. If the house is included, it can theoretically be auctioned.

Counter question! Have you read anyone here telling you that the price is okay and covers everything, except the one who built three years ago?

Our friends and acquaintances all earn about the same as we do and have partly already built. They are satisfied. Of course, none of us can afford a city villa. It just doesn't work. But a small house with standard furnishings is sufficient for us. I do not assume that all those who criticize me so much a) have built in the countryside and b) with a "prefabricated house provider"... although Town & Country is brick by brick.

Definitely not anymore if the house belongs to the bank.

The house never belongs to the bank. It only has it auctioned off. If the mortgage is registered as subordinated, the right of residence remains (provided it is secured in the land register). Who then buys the house? If the parents are not old, no one will do it... (therefore the bank also assigns no or only very little value to the house)

If the right is registered in the land register, the house should (more or less) have no value for the bank (unless the parents are already really old). The bank will then have to act as if the property simply does not exist and there will be no better terms for you.

Yes, that is how it is recorded in the land register and I don't really know how much it now exactly affects our terms.

-At the expense of dead parents

Where on earth did you read that? Before dropping such a bombshell, one should rather read more carefully.

: Basically, I partly see it the same way as you. There is a bit of a tendency here to always assume the worst right away. Around us, there are also people who have bought/built houses where no one knows how they want to finance them. Whether that will really work out, will probably only be seen in years to decades. And if a separation/divorce comes in between, it usually doesn’t matter anyway, because one person alone is almost never able to easily shoulder such sums on the spot.

In my opinion, the total amount is simply a bit too high for you, but since you’ve already signed the contract, you must surely already have an assessment from the bank about the maximum sustainable monthly burden?