Costs are rising sharply - is additional financing currently possible?

I also understand that it is not enough for the exterior area at first. I'm just wondering, what if we need about 60k more. Above all, we want the repayment rate to remain the same. That means everything is pushed back, so how do the conditions deteriorate then? Because after all, there is no fixed interest rate for the follow-up financing, right?

Then you go to the bank – why did they give you a loan without knowing the costs? – and say that you need more. The bank will then give you a subordinated secured loan. The repayment rate (interest and repayment together, or what do you mean?) will, of course, increase. The existing loans remain unchanged, that's clear. So for the 60k you mentioned, you pay e.g. 5-6% interest plus at least 2% repayment.

Well, I would almost claim that with over 600k you could get very far 3-4 years ago.

Phew, for such a large house it was more than tight even 3-4 years ago. Back then it was maybe 2,200-2,500€ per sqm of living area. So for you that means already 480-540k€. On top of that the ancillary costs and "600k" were already spent 3-4 years ago. Without basement. Without garage. But also without own work.

Today you can roughly calculate 3k€ per sqm of living area. That's also how I estimated above.

We do not have a developer and it's also not so easy to calculate total costs when you have to hurry with the loan because interest rates rise daily.

Then you have a problem. Because again – with your budget you will not get the house built. Especially since there are only moderate own contributions.

So, of course I have a cost plan. But calculating this exactly is not so easy. The total amount currently stands at 650k. So I do believe that the budget goes quite far, certainly up to the tiles and also for the kitchen and (at least one) bathroom fixture.

the 1200€ repayment including interest. What would be a calculation example if I were to take out another 60k now? I want the monthly burden not to increase significantly, as the period (3-4 years) when we plan to have children will be difficult. What would be a common practical example here and a monthly rate that is still manageable?

What would be an example calculation if I were to borrow another 60k now?

So you pay, for example, 5-6% interest + at least 2% repayment for the 60k you mentioned.

So an annuity of 350-400 €/month that you have to pay additionally.

Well, of course I have a cost plan. But calculating this exactly is of course not so easy. The total amount is currently at 650k.

Post it - along with the floor plan - in the appropriate section. But be prepared for a lot of opposition ;)

ok.

What if I only want to spend an extra €200 per month? Will that even be approved?

What if I only want to spend an extra €200 per month? Will that even be approved?

I wouldn't do it. Why should the bank give you financing with high risk and then also low repayment? With €200 monthly, you can’t even cover the interest for the additional loan.

ok.

What if I only want to spend an extra €200 per month? Would that even be approved?

As a brief calculation example for this (and possibly other) consideration(s): €200/month equals €2400/year, which corresponds to 4% interest (without repayment!) on a loan amount of €60k (2400/60000 * 100%). This means: With interest rates >4%, €200/month is not even enough to cover the interest costs, let alone repay the additional loan.