Construction financing for land and all incurred costs, OK?

Hello everyone. We are a couple currently renting, which is annoying due to the constant noise, so we have considered buying our own place but are not sure if it is feasible. We are 43 and 42 years old, both have a secure income (him 2,200 net, her 1,800 net), children are not an issue and none are planned. The property we have in mind is currently under construction and offered at 280,000 euros; this includes the land with all associated costs, and the house is fully finished with flooring in the wet rooms and hallway, living areas are the buyer's responsibility, it also includes a garage, the outdoor area is completed with paving and garden design, a solar system with hot water and heating support is included in the price. The seller has given us a list of all work showing what the buyer still has to cover, which is very manageable. The property should be financed 100% as currently only about 20,000 equity is available, which should remain as a reserve; additional equity would come within a foreseeable time, which could be used as a special repayment in the amount of about 80,000 from the sale of an inherited property. Now the question for us is whether to go for it or rather leave it?

If you invest zero equity, it will not be 100% but 100% plus x%.
Taxes and other incidental purchase costs are added on top.
This makes the interest considerably more expensive.

Whether you can afford it, assuming a bank can be found, is only known to you.

At 40+, you should definitely expect more than €500 per month per €100,000 loan to the bank. I would roughly estimate a monthly repayment of at least €1,700 and more. Additionally, there are additional housing costs.

At least if you still want to have paid off the house in this lifetime.

How much rent are you paying at the moment?

How much rent are you paying at the moment?

690.- including heating

And no equity, wow :)

Why haven't you saved any equity with 4k net?