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

We could each add another 5-10k from savings, but then we'd be broke if something came up.
And still, bigger investments would be pending.

I was broke at the end of the renovation too. Not even 2,000€ left in any account. It felt good because I didn’t have to provide additional financing.

You build up new reserves again from your current salary. From skimming the first post, it seems like you’re still saving quite a bit.
What would “if something came up” mean? A new washing machine or something? That can be paid from the current salary. A new car? In a pinch, lease it, also covered by the current salary.
A longer period on ALG2 (unemployment benefits) or something like that would be the only real problem.

How does additional financing work? Would one of our two components be increased or would it be a third component? Would the old conditions change (because the house is obviously worth less, different lending value, etc.) or would we just get the additional financing on worse terms?

It’s always a new financing deal with worse conditions. Higher interest rate, higher repayment.
But just ask your bank. I had spontaneously inquired by phone back then, just in case. I actually only wanted terms for an extra 20,000€. It would have been 0.5 percentage points more expensive than the normal loan. The advisor only wanted to know if I needed the amount tomorrow or if Monday would do :eek:

The advisor just wanted to know if I need the amount tomorrow or if Monday is enough

That reveals a lot about how long people wait before going for additional financing. There are surely multiple reminders already on the table...

Either that, or the bank advisor really wants to sell something, or the bank values good service because I am so creditworthy, or it is simply standard business, or or or. Honestly, I don't think you can infer anything from that.

You build up new reserves again from your ongoing salary. From skimming the first post, it seems like you also have quite a bit left over that you’re saving.

Thanks for your opinion. I’m actually also against additional financing, but at the same time I wonder: Where am I supposed to get the 15k for the stove from? Where does the money for the terrace come from? If I want to save for it, it will take 2, 3, x more years again. Do I want to keep sinking with my garden chair into the gravel that long? Or keep throwing money into the oil tank instead of investing it in my garden?

What would “if something happened” be?

The “what if” doesn’t refer to a washing machine, but rather to big things. Stuff like solar thermal system breaking down, heating breaking down, main water pipe / sewer breaking down... In some post I read recently about 5 €/m² reserves in an old building. I find that exaggerated, but it’s true that there can always be something with an old house.

Actually, I just wanted conditions for simply 20,000€ extra. That would have been 0.5%-points more expensive than the normal loan.

So it would have been a second loan? With its own interest rate, repayment, and term?

I’ll probably have the bank run the numbers for me and then decide.