Assessment of financing plan, conditions bad?

Hello dear ones,

we have chosen a little house and first want to check if the financing fits.
we don’t have a high income, but have saved a bit and plan to sell the condominium after 3 years and use the money for the special repayment.
from my perspective, the bank’s conditions are very bad, or is it feasible?
House price €485,000
Additional costs €36,375
Equity €80,000
Renovation costs €1,000 the house is ready to move in, basically nothing needs to be renovated, the kitchen is present
we will first take old furniture
Income:
He €2,880
She €1,000 - part-time 60%
Children €440
Rental €500
[EW] is available and will be sold after 3 years, then the €500 from the rental will be gone
Loans
Bank loan interest 1.89% €341,000, 20 years term, monthly rate €1,105, remaining debt €179,000
KFW, 3 years payment-free, loan €100,000 interest 0.93%, fixed interest 5 years, monthly rate €419, remaining debt after 5 years €92,000 will be paid off from apartment sale.
the 1.89% interest bothers me, it seems very high, most here are below 1%
Is it too tight for us? Are the interest rates in this financing okay or too high?
Regards

How do you want to pay the remaining debt of 179K if the equity from the sale of the condo is used for the KfW (or will there be anything left over)?

The interest rate of 1.89 bothers me, it seems very high, most here are below 1%

You have at least a 100% loan-to-value financing, so bad conditions. But not that bad. Just under one is only in your dreams ;) You are far from that.

How do you want to pay the remaining debt of 179TE if the equity from the sale of the condominium is used for the KfW (or is there anything left over?)?

Totally irrelevant. Who cares about such a tiny remaining debt after 20 years. Without going into inflation and salary development in detail, the rest then only costs a small amount (average interest rate of the last 500 years is about 4%, plus 2% repayment = 900€). It can be done easily.

How do you want to pay the remaining debt of 179K if the equity from the sale of the condominium is used for the KfW loan (or will there be anything left over)?

I think there will still be something left if prices continue to rise like this; we hope for a good selling price but of course, for now, we only calculate with what we definitely get; afterwards, a follow-up financing would be conceivable. We will also make special repayments. With a bit of luck, it will be paid off by retirement; if not, we can still sell. It's better than renting for the next 30 years; there we also pay almost 400K to the landlord and have nothing after that; current rent is 900 €, and considering rent increases, we will eventually pay over 1000 € per month.

You are close to full financing. The under 1 % hunters either have short terms and/or 60 % loan-to-value.

why sell the condominium 500.-- rent is a yield of 6% at a selling price of 100000.--, clearly above what you pay.