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

It can't be that bad for us since yesterday (no, actually since the end of 2020 and retroactively since 01.01.21) I am earning too much for the statutory health insurance... when it comes, everything comes all 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
There’s still enough buffer left for the car.

Perfect! That's how I would have done it too :)

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 meeting with a lawyer will take place on Thursday. Let’s see if we’ll arrange it with a partnership agreement or suddenly get married...

Just propose to him! :)

It can't be that bad for us, since I have been earning too much for statutory health insurance since yesterday (no, actually since the end of 2020 and retroactively since 01.01.21)... when it comes, everything always comes at once :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 installment €1,220
There is still enough buffer left 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 then take place on Thursday. Let's see if we arrange it with a partnership agreement or if we spontaneously get married...

yes, still, it’s called voluntarily insured under statutory health insurance. At €1,220 you pay off with 1%. How long do you want to repay? 40 years?

yes still, it's called voluntary statutory insurance. With 1,220 you repay at 1%. How long do you want to pay off? 40 years?

How do you get 40 years? For me, it comes out (roughly calculated) to 33 years...

yes still, it is called voluntarily insured under public law. with 1,220 you repay at 1%. How long do you want to pay off? 40 years?

Yes, thanks, I also know what it is called.

And we pay off the 19-year loan at 2%, the 10-year loan at 3%. Rate adjustment possible 3 times free of charge each.

About fuel/car reserve:
We will have a daily commute of 80km in the future. I drive 30km to/from the train station (=600km per month, roughly €72), he rides the distance by motorcycle (it is 4 times as far as now, currently about €30 per month, so €120). So €200 for the commute. And €100 for everyday trips and excursions with the Bulli (which unfortunately drinks like an American). Of course, you could also book this as vacation and assign the €100 to the reserves. Or just increase the reserves...

That is of course a lot of commuting and a somewhat frugal car. Not necessarily the ideal combination.
The Bulli is also relatively expensive to replace; even the worn-out craftsmen’s vans are expensive.

What you mean are really cash envelopes that are being "saved" there.

Probably a Freudian slip ;)

I come from completely different family circumstances than he does; there are only debts to inherit, I have to look after myself and therefore want to maintain my savings rate of €500 as much as possible. Partly liquid (instant access savings account), partly invested.

A high savings rate is missing in the end because of the installment. Especially since the savings rates are not interest-bearing and the planned repayments are very low, I would calculate again whether you can increase them a bit. Especially for major purchases like a new Bulli, I would not just take that from a savings rate but rather budget it explicitly. Otherwise, you give yourself the illusion that you are saving a lot, but in reality, you are just paying off depreciation.

How do you come to 40 years? For me, it comes out to (roughly calculated) 33 years...

then calculate again. It is definitely not 33 years without special repayment, which is rather theoretical