Does the repayment fit the income? - Is financing feasible this way?

Thank you for your quick response! That being a mother is more fulfilling than I previously thought can certainly be true :cool: financially that would not be so good, as we earn about the same and thus a large part would be lost. However, my profession (teacher) can be well combined with childcare, as I see with many colleagues, since I can/must also work a lot from home. Thank you for the feedback, regarding the repayment adjustment I have to read again, as we have visited 4 banks in the last few days. By the way: The above-mentioned rate (1196 € for 21 years) results from a building savings contract - we had actually excluded that before, but the conditions seem surprisingly good!

looks realistic and reasonable to me. Equity fits, income fits... not stretched to the limit...

Thank you, heltino, for your assessment. We have also planned quite cautiously; I must admit that I would rather not restrict myself extremely, following the motto: Everything for the house...

Hello, I wouldn’t worry too much about the income (and hopefully the option to be able to change the repayment of the loan). After all, you are repaying at around 3%. A rough (banker’s) rule of thumb says that a maximum of 50% of the income should be spent on loans. You are well within that. Have fun building!!

Thank you, that's right, we are still within the 50 percent. 3% is really a lot, I had always aimed for around 2%, over 30 years... just when you consider how much interest you pay in 30 years... that's why we had the above option calculated, which we ultimately "prefer". I urgently need to clarify the adjustment of the repayment, I am not sure how it works with building savings contracts!

If it is as I think, then teachers are quite flexible when it comes to working hours during the child phase. This way, you will be able to reconcile your profession with having a child.... then the possibly missing interest adjustment is not entirely the problem either. (I’m not very familiar with the building savings variant, but aren’t those two different things, and after a certain time, doesn’t the building savings repay the loan? Then it could be possible to offer 2 repayment changes in the loan during the first 10 years? just ask again :))

Thank you for your reply :-) We have now decided on the option discussed above! However, I will prudently switch to a full-time position for the time being (I currently have only 90 %) so that if a child comes along, the parental allowance won't be too tight ;-) The repayment adjustment is possible; I asked again. Now we are looking forward to our "new" house and hope everything goes as planned (at least somewhat...).