Evaluation of construction financing offer with little equity capital

Yes, that's 150k€ more than we have taken out. And you have less household income and no children yet. Quite brave. I wouldn't want to do that after I've already been paying off myself for 14 months.

Yet you want to pay just 100€ more per month for the next 10 years than we do, even though we have 150k€ less loan.

Find the mistake!

At what interest rate did you finance? Or the other way around: what is your remaining debt and how old will you be then?

At what interest rate did you finance? Or put differently: what is your remaining debt and how old are you then?

I'm curious if there will be an answer...

I consider it pointless to debate it! As I have written before, I have fully calculated the thing for us and not exactly naively.
Certainly, it's a lot of money and I would like to pay less, both absolutely and monthly. But that's just not the case at the moment.

I am happy for zaba that, for whatever reasons, he had to borrow less money. What annoys me the most about it is that the answers from such people simply miss the point. I only asked if anyone knows this loan from MHB and can report a catch, and from Zaba I get an answer that just reeks of arrogance and condescension.
But as has often been noted in similar threads, it's usually the same users.

As I have already written, I have calculated the whole thing for us completely and not exactly naively.

Yes, you exactly did that, but you don’t want to hear it. Rate increases and promotions are certainly not something you can plan for. Especially not with civil servants. Besides, you are calculating with 2 full salaries here. But you won’t have those for the next 6, 7, 8 years, depending on how many kids you ultimately want. You firmly assume that your wife will go back to work at least part-time early on. We know people where the mother simply could not bring herself to send her little ones to daycare so early. That is also definitely within the realm of possibility, and then suddenly there is only one salary on the plus side. These are all things you just can’t plan yet. The only thing that is really certain for you are the experience levels. For that to change, the whole system would have to be turned upside down, which of course is very unlikely. Still, if you are that sure, then go for it, if you are willing to make sacrifices in other areas. But I don’t think it will be a relaxed and carefree repayment period. You will have to do a lot of calculations, depending on what other demands you have on life, apart from a new build with a total volume of over three quarters of a million (including interest costs).

At what interest rate did you finance? Or the other way around: what is your remaining debt and how old will you be then?

We completed the financing in January 2018. 20, 15 & 10 years (with 1.68, 1.48 & 1.70) after the interest rate period expires, each tranche falls away. I will then be 57.

Regarding the last posts, this has nothing to do with arrogance, but with experience. No one wants to or can stop you from concluding financing that, in my view, requires more than just discipline. Problematic, and where many couples without children fall for it, is the comfortable current situation with two full salaries.

Honestly, why are you putting yourselves through this? Sure, with two salaries it works out mathematically, although it’s not exactly generous to begin with. But at your age and with the desire to have children, it’s just a terrible corset that you’re tightening around yourselves. Your wife MUST go back to work very soon after giving birth, and not too little either. Your income basically goes almost entirely on the house, and at the beginning there’s a lot of little expenses that come up, think of the outdoor area, lamps, furniture and so on. Tell me a bit more about the house that is going to be built. The plot is still reasonable, but the house seems to be quite large or to have expensive extras. Where do the construction costs come from? Usually there’s something extra on top of that as well. Even a small additional financing would already hurt quite a bit. Can it be smaller/cheaper?

I would not feel comfortable with a monthly burden that increases over time. We have it the other way around.