Error in financing?

And the existing property doesn’t have SIGNIFICANTLY higher additional costs than an equivalent rental apartment?!!! I’m about to fall off my chair laughing... that this myth of "owning saves money" is still going around... *shakes head*

Property (whether new or existing) is a luxury and costs almost 100% more than a rental apartment. Someone has to prove the opposite to me first..

Nope. In the rental apartment, I had 158 euros in additional costs. This included garbage, water/sewage, heating, building insurance, street cleaning, chimney sweep, property tax, general electricity.
Consumption electricity was extra, installment 70 euros.

Now in the house I have the following annual costs

Garbage: 224.16 (but all bins just for me!)
Water/sewage: 316
Property tax: 369.63
Building insurance: 285.25
Fire insurance: 132.27
Chimney sweep: 58
Heating about 500 euros for 2 tons of wood briquettes including delivery
----------------------------
158 euros monthly!

Consumption electricity including hot water generation is another 50 euros for 2000 kwh annually. We cover the rest ourselves via photovoltaics on our own roof. Total consumption in recent years: about 3200 kwh including hot water!

If you calculate nicely with 3.5% annuity and omit maintenance (-reserves), it can definitely work, as you can see from the example.

As I said, the reserves are not included there. In the 697 euro installment for the house that we will pay from next year (follow-up financing after 5 years), 3.25% repayment is included. Currently, it is still 2% repayment. Maintenance is included for at least the first 10 years because the house is currently being completely renovated, and the costs for that have already been factored into the loan. Otherwise, the installment would be much lower since the house itself only cost 139k euros. Incidentally, this is offset by a much smaller, worse renovated rental apartment without garages and garden, which had a much higher energy consumption, something a tenant cannot change. If I were now to compare a roughly equivalent rental property, i.e., a house, with my current house, the calculation would look significantly worse for renting. Because renting houses here starts at 1200 euros, which would be the low end. So, in terms of rent, I am looking at at least double the monthly expense.

Btw. , the conditions with you are actually unusual. I really can't explain such conditions in the same area. As a rule, high rents are paid when living space is scarce. But then the purchase prices of properties also rise (supply - demand). Or have you had a change of location (longer distance) (e.g. from FFM to Alsfeld)?

We moved from Wiesbaden city center (Biebrich Rhine bank) to Bad Schwalbach, that's 23 km out of the city. So it’s really still close by. It takes about 20 minutes – my husband works anti-cyclic to rush hour and drives even faster at night or midday. That really still works. For comparison: by bus from Biebrich to the city center I was 45 minutes on the way... to the university in Mainz a little over an hour. Plus waiting times. Sure, you need more gasoline, but then there was the commuter allowance, and the next car will be electric, powered by electricity from our own roof. On the other hand, we now live beautifully in the forest, in a spa town and in almost absolute peace. How do you put that into euros now, I think that roughly balances out.

We moved from Wiesbaden city center (Biebrich Rheinufer) to Bad Schwalbach, which is 23 km out of the city. So it’s really still quite close. It takes about 20 minutes - my husband works counter-cyclically to rush hour and drives there even faster at night or midday. That’s still really doable. For comparison: traveling by bus from Biebrich to the city center took me 45 minutes... to the university in Mainz a little more than 1 hour. Plus waiting times. Of course, you need more gasoline, but in return, there was the commuter allowance and the next car will be electric, fueled with electricity from our own roof. In return, we now live beautifully in the forest, in a climatic health resort, and in almost absolute quiet. How do you want to calculate that in euros now, I think it roughly balances out.

Almost neighbors, huh

Come over, bring cookies

Of course, I will also repay the loan additionally, and the remaining amount of the loan after 10 years is €100,000, which will then be covered by the building savings contract that becomes due for allocation. For what reason should it not become due for allocation?
Let's be honest, €50,000 is not exactly a huge amount over 10 years, and even if you paused the installments for half a year, that would only be about €2,500. So I have zero worries about that.

Sure, the amounts from the original poster are quite different and higher, no need to discuss that.

That would interest me as well. Why shouldn’t the building savings contract become due for allocation, since it is precisely timed to the end of the minimum interest period!?