Buying an existing semi-detached house - Is financing possible?

I had assumed that one had a proper one. Without a referral clause and other payment prevention clauses in the fine print.

Thank you very much in advance for your numerous feedback.

We have taken a critical look at our income/expense overview again today to see where we might be able to save.

I will speak with my financial advisor again tomorrow to possibly streamline the following items:

- Legal expenses insurance: There may be equivalent insurances that are cheaper. Currently, we are with D.A.S.
- Car insurance: My car currently still has comprehensive insurance, although it will be 8 years old at the beginning of next year. Surely something can be done about that.

Regarding the generally high expenses for the cars:
Unfortunately, I had two damages last year, which made the insurance more expensive (€800/year). This will likely become cheaper again in the future.
The low fuel costs come about as follows:
She has about 1000 km commuting per month (diesel vehicle 6 l/100km) and I have 200 (gasoline vehicle 8 l/100km). That currently amounts to about €100/month. The remaining €60 are for shopping, trips, and so on (any vacations are mostly flights).
It cannot be denied that owning two cars is a luxury and I could probably take the train or bike to work, but it would still be difficult for us to do without one car.

In general, it can be said: The values in the overview are already calculated quite conservatively.
That means:
- For living expenses, a flat rate of €50 is planned as other expenses (buffer – just in case something extraordinary comes up)
- All expenses for insurance/communication/car are generously rounded up
- Costs for pets (€120) are effectively only €60; the rest are reserves for possible illnesses
- The €200 fund savings plan was intended for building equity. I would not want to dissolve it but would be willing to reduce it to €100 or €150 (reserves for house).

What I want to say with this: I think quite a few contingencies are already covered in the overview. With targeted measures, the household surplus could still be improved. But whether the financing of the mentioned amount is then on safe ground, that is the question I would like to pass on to the experts here.

Addendum: Due to the expected refund of the operating cost statement, 13th month salary, the sale of the existing motorcycle, and the time to save until the final purchase of the property, we could generate about €10,000 more than considered in previous calculations. Currently, it is planned to cover only the incidental purchase costs (€10,290) from equity. Then, €20,290 could be contributed, and only €137,000 instead of €147,000 would need to be financed. Ultimately, the question arises whether this noticeably affects the monthly installment or is just a drop in the bucket?

You will also want to do one thing or another in the house, possibly a new kitchen or something similar. That also costs money, so I would possibly not include any accumulable equity in the financing.

For legal protection .. I canceled my comprehensive legal protection a few years ago and now have a traffic legal protection through ADAC and a legal protection for labor and contract law through Deurag with a 150 euro deductible. Both insurances cost me a total of 135 euros per year.

Yes, we need to do something about the legal protection insurance, I will clarify that on Monday as mentioned.

Regarding the house: Yes, of course, over the years there will probably be one thing or another that comes up. But basically, the house is ready to move in. The wallpaper could be renewed at some point, but it is not a must. The fitted kitchen is included, will remain in the purchase, and is in good condition. Overall, the house is in a good and well-maintained general condition.

Despite the additional 10,000€ equity, we would not be broke. We would have at least 6,000€ in reserve.

If you believe various online calculators, an additional 10,000€ equity has the effect that you get slightly better interest rates and a monthly payment reduced by about 50€. That would already be something.

I would calculate without equity, as it might be needed for a new heating system (built in 1996!) and a new car ;) Also worst-case parental allowance and only one income. Also with higher adjusted ancillary costs, which are inevitably incurred with a house. And the lease amount hasn't been mentioned yet. You can't sugarcoat anything here. How much does financing 100,000 cost on average now?