Can we afford the financing?

You are both pretty cool guys with fat bank accounts... unclear how that helps the OP, but okay. @Leoo: if you don’t have to decide right now, I would probably really validate your cost structure again with a budget book or something similar.

You are both pretty cool guys with fat bank accounts... unclear how that helps the OP, but okay. @Leoo: if you don't have to decide right now, I would really validate your cost structure again with a household budget or something similar.

You're right. Pretty silly and pointless.

@OP: Don't make yourselves unhappy and really calculate with a sharp pencil. Where is the money going? Is it really only 50 EUR a week? I've been keeping an electronic household budget (Quicken) for over 10 years, connected to all banks to capture all transactions. I almost pay nothing in cash (max. a sausage at the snack bar). So we know pretty exactly what expenses there are, and there are always extra expenses. Really every month. If that fits, equity is sufficient, and the income is in proportion to the monthly loan payment... nothing stands in the way. Whether you really want to pay for 30 years, you have to decide for yourself. It wouldn't be for me. But I'm already in my mid-30s and don't want to pay until 60.

Regards, Steffen

When I started the topic of building a house and made the first calculations in the form of a liquidity plan, I roughly estimated the topic of food + hygiene for 2 people at €250, since the weekly shopping was always under €40 and thus around €160/month. Occasionally, there was also the canteen for lunch, which brought me to my €250. I estimated the topic of "miscellaneous" roughly at €200 in the same way. The total was thus €450. In hindsight, that could never have been correct.

Now that a child has been added, prices in the store and especially in the canteen have risen, and something is always needed from the hardware store for the house + garden, I currently calculate €850 for food/hygiene and miscellaneous. Nevertheless, the account balance is a little lower every month than expected. Somewhere in the cash area, more must be spent than I expect, because everything that goes through the account I check randomly with my liquidity planning. The almost €450 additional requirement is not dramatic for us, as we have allowed ourselves enough leeway and appropriate salary adjustments have taken place during that time, but if you are already financing tightly, such an additional requirement can be disastrous.