Construction financing: too high a burden?

Both building savings contracts have already accumulated approximately 9,000 each and are due for allocation by the end of the fixed interest period at the latest.

We do not keep a household budget book; in addition to the current installment for the condominium and the ancillary costs totaling 870,-, between 1,000 and 1,500,- are currently deposited monthly into a savings account.

We do not keep a household budget; besides the current installment for the condominium and the additional costs totaling 870,-, between 1000 and 1500,- are currently deposited monthly into a savings account.

So the 1000-1500€ are the total reserves including reserves for new vehicles?

What does the family planning look like?

So the 1000-1500€ are the total reserves including reserves for new vehicles?

What does the family planning look like?

Exactly, whereby none of this is spent on insurance or vacations, but purely used for repairs or new purchases.
At the moment, a new vehicle is still being financed with a monthly payment of 140,- (runs until June 2018)

Both building savings contracts have already been saved up with approximately €9,000 each and are due for allocation at the latest by the end of the fixed interest period.

2 Riester building savings contracts with €25,000 each
Installments totaling €230 (can be suspended)

Hmm, what kind of building savings contract is that? The usual savings rate is 40%. If there is already €9,000 in each, you will soon reach that and would effectively be over-saving. Especially if the Riester premiums are also flowing in addition to the €230.

And what is the loan interest rate of the building savings contract (nominal and effective)?
Since they are Riester building savings contracts? Is €230 enough to fully take advantage of the tax benefits? Or is that only sufficient to claim the Riester premiums?

Did the bank not propose/calculate a TA/building savings contract, or a part of the €314k?

And do you have the possibility of special repayments for the €314,000?

I think income does not match the loan. You were born in 85? Childless with desire for children? Then even less so

The building savings contracts have each already been saved up with about 9,000 and are due for allocation at the latest by the end of the fixed interest period.

But the 25,000€ is the savings amount, so 100,000€ total sum per building savings contract, correct?

Otherwise, they would already be close to allocation, since 9,000€ corresponds to a savings rate of 36%. If that were the case, I would top them up immediately and then upon allocation either take the construction loan (probably not sensible) or use the saved capital directly as equity.

We do not keep a household budget, besides the current rate for the condominium and the incidental costs totaling 870,- there are currently between 1,000 and 1,500,- monthly going into a savings account.

Without children and if one lives frugally, that works. But it would be too tight for me or I would save a bit more equity and fully fund the building savings contracts so that one can work with them and no interim financing is needed.

However, I have a question about the equity: the 69,000€ for the apartment ... is that the expected proceeds or the surplus after deducting the existing loan?

Best regards Dirk Grafe