Assessment financing 425k, equity 200k, net 5k - unmarried

Getting married.
He can also make a will, but then you pay horrendous inheritance tax. He would too in the event of your death.

A very very important point that is often forgotten. Getting married has a really pragmatic meaning in this context.

Regarding the risk life insurance: Mine costs 13 euros per month. You can quickly research what it would be for you over Check24.

Looks good! Regarding the amount of the installment, all I can say is: Depending on how "strict" you are about saving / investing in general, you choose the amount of the installment. As low as possible, as high as necessary, I would say.

There are 2 different types of people (not black or white, but just to make my point clear)

A) Person A chooses a high monthly installment (e.g. 1,700 euros) to the bank in order to achieve as high a "forced savings effect" as possible. Wealth building works through the high agreed repayment of the house.

B) Person B chooses a low installment (e.g. 1,400 euros) which is still reasonable in the current interest rate environment (at least 2% repayment) and "saves" 300 euros compared to A in the given example. Important: B MUST also save / put aside / invest the 300 euros in order to achieve the same amount of saving performance as A. But B is so stable in his personality that he does not consume the 300 euros, but invests them profitably because he believes he can achieve a higher interest rate with the 300 euros than the interest rate on the mortgage loan. Caution: If he only puts the 300 euros into the daily allowance at 0.01% interest, this is NOT a higher interest rate than on the mortgage loan: Here, A's approach would be better.

Where do you stand?

Everything looks great, really top!

I currently pay €8.25 monthly for my term life insurance at 30 years old. I can only agree with saralina - compare on check24 and get a cheap offer - you can actually save quite a bit of money that way.
Building insurance with €35 monthly is fine!

Car reserves €100 - depends on how many cars you have. Just one service costs €400 - for 2 cars that's €800. If a repair comes up, it gets tight with €1,200 per year... As I said, it depends on how much you drive and how many vehicles you have.

I would definitely also advise against locking in the interest rate for 30 years... Totally unnecessary. I would rather go for 10 to a maximum of 20 years.

You really are one of the best-secured families at all with the amount and the living expenses / income / future plans etc. :D

Hello,

425k with 5k net still without children. That means for me it will be very tight with children when it comes to vacation, etc.

Most of the time it is associated with a loss of income. OK, mom is probably there. But do you always want to be told that...

Also with the partnership agreement... well, I would somehow want to separate everything

Hello, 425k with 5k net income still without children. That means for me it will be very tight with children for vacations, etc. Most of the time it comes with a loss of income. OK, mom is probably around. But do you always want to be spoken into that... Also with the partner agreement... well, I would somehow separate everything (want to)

1. no children planned -- at the beginning of the 30s, it is quite realistic that one has properly dealt with the topic. 2. just over 5k net income is quite sufficient for the loan amount even if a child comes? Even with one salary, if you are flexible with lowering repayments, easily doable? I don’t see any problems at all.

We can’t be doing that badly since I have been earning too much for the statutory health insurance since yesterday (no, actually since the end of 2020 and retroactively since 01.01.21)... when it happens, everything comes at once again :D

We have now decided on an offer with 2 components:
€105,000 at 0.77% for 10 years
and €320,000 at 1.2% for 19 years

Total rate €1,220
That still leaves enough buffer for the car.

We will definitely submit the application documents on Monday, let’s see how quickly it goes through or if something else comes up.

The initial consultation with a lawyer will take place on Thursday. Let’s see if we arrange this with a partnership agreement or spontaneously get married after all...