EH 790K€, financing 480K€ - feasible with our monthly budget?

The surcharge for special repayments is usually not very high. At the same time, part of my salary is not constant and depends on performance and economic conditions. Therefore, I want to factor that in for the home financing, but if possible not in the rate that has to be paid constantly.

Oh, that’s new information.
Which part of your salary depends on performance? And do you have control over that?

I’ve just been through this; a significant part of my income consists of allowances, paid overtime, and expenses. 70 EUR net per day per diem in Sweden, you don’t spend it all...

In 2020 and 2022, I did not travel much, so suddenly 1,000-1,500 EUR/month were missing and you wonder why your savings are shrinking...

Did you calculate with what you always have? Or with the best case, i.e., full target achievement? You must not do that.
2, 3 years of recession and you’re ruined.

Oh wow, this info is new.
Which part of your salary is performance-based? And do you have control over that?

I just went through this, a significant part of my earnings consists of allowances, paid overtime and expenses. 70 EUR net per day per diem in Sweden, you don’t spend all of that...

In 2020 and 2022 I didn’t travel much, suddenly missing 1,000-1,500 EUR/month and you wonder why your savings balance is shrinking...

Have you calculated based on what you always have? Or on the best case, i.e. full target achievement? You must not do that.
2, 3 years of recession and you’re ruined.

Thanks for the post, that’s exactly how I think about it too.

I calculate (also regarding the above figures) with a fairly predictable portion of the salary. This part should only shrink with a change of company, reduction of hours by personal choice (family situation, health, age) or by the employer (poor economy, short-time work).
Besides that, there is a performance-based portion of the salary, which either shortens the term through special repayment (hooray) or compensates for the above shrinkages, without me having to sell the newly built house or the loan getting into distress (phew, lucky). I am currently not planning any reduction, but who knows how my professional situation will look in 15 years or if my company will continue as well as it has in the next 10 years. A change of company or salary is at least not unlikely and therefore, despite currently having a really good salary, I don’t want to push it so far that every economic hiccup gives me sleepless nights.

The only difference: our plot costs 250TEUR :-]

And yet I can't really be happy that we only got the plot just now. 1-2 years ago, this would not have been an issue at all. It's crazy.

I don't think being the smallest house in the settlement is something to be ashamed of.

Of course, that's no reason to be ashamed. But somehow the thought always lingers that you yourself had to pay 150K more for a smaller house. I could have spent those several hundred euros a month on other nice things. But what can you do, it is what it is and it won't get better in the foreseeable future. Since we have to build a ready-to-move-in house in 3 years, I can't play for time and hope that things will improve soon.

Of course, that is no reason to be ashamed. But somehow there is always the thought that one had to pay 150K more for a smaller house. I could have spent those X hundred euros a month on other nice things. But what can you do, it is what it is and in the foreseeable future it won’t get any better. Since we have to have a move-in ready house built in 3 years, I can’t play for time and hope that things will soon improve.

And still, I can’t really be happy that we only got the plot now. 1-2 years ago none of this would have been an issue. It’s crazy.

Yep, we also did not expect to get a building plot. Now we have been offered one and the interest rates, lost subsidies, and crazy construction costs really make you think whether building right now is a good idea.
Aside from the fact that the plot won’t wait, I also think speculating on falling construction costs is not sensible – if interest rates rise at the same time, costs remain high, only the money then goes to the bank instead of the general contractor.