Assessment of financing for the purchase of a single-family home

I also know that I will not make special repayments in the first 5 years and that I have the choice between "up to 10% from year 6" or 5% immediately. And I want special repayments included for 30 years. Furthermore, I repeat once again, "parents wealthy". Gifts not excluded.

Then better just gift it right away. I couldn’t sleep peacefully with the installment given your income and 4 children. On the other hand, renting isn’t exactly cheaper either, for a large family with demands, if you can find anything at all.

Besides, I wouldn’t invest 600k in a house from the 60s. No matter how well it has been maintained and renovated. New is new.

You do have a good income and good conditions. I think, just as a layperson, that it is quite doable.

Leading position, (soon) authorized signatory, and then "only" €3,800 net? Unusual.

Just do the math yourself. How is that supposed to work? Expenses for the kids don't decrease, and you still have to live on something. And then you also want to make special repayments...?

For me personally, that would be too risky...

Why should that be unusual? That really depends heavily on many factors.

We are renovating 2 bathrooms (not included in the maintenance budget, done through donation and personal work). We plan to spend 55k on painting, new flooring, a bit of electrical work, new radiators.

Is the offer from a bank or a broker?

How is the loan-to-value ratio? Depending on where you stand, it might be worth including the bathroom project in the financing, then you might move into the next interest rate bracket.

I would only take the 5% special repayment if the interest rate is somewhat cheaper because of it.

After 10 years + 6 months you can cancel the loan at any time anyway.

You ask if 2.5 on 30 is a lot of money. Actually, very good. The bank earns a fortune because you only repay 1%. A lot of interest money goes into the bank’s pocket if you don’t make special repayments etc.