(For me, finally) Well. For me, it just doesn’t add up if someone supposedly saves (easily) €200k in 10-12 years, but then comes knocking for a comparatively modest €400k financing.
Reminds me of a colleague. Sitting in the basement, drinking sparkling water and counting money. :D Because cars are brought and paid for by Santa Claus (or the employer) and the neighbor pays for the furniture, one pair of jeans is enough, and there’s a vacation “there.” :D Normal life is already expensive!
To really evaluate the financing (not the interest), all the expenses, which obviously don’t exist, are missing.
€4800 - €2500 (savings 2020) results in €2300 expenses per month all-inclusive!
Rent
Warm (utilities)
Electricity
Trash
Car/fuel/repairs/tires
Insurances (car/life/accident/liability…)
Groceries
Clothing
Personal care
Vacation
Birthdays/gifts
Leisure/hobbies
And so on and so forth.
You should never assume others are like you. This isn’t directed at you, but generally.
I know some families where the wife or husband throw money out the window with both hands, and the husband/wife just tolerates it because otherwise they would leave.
In such a constellation, nothing remains at the end of the month.
These are the ones who write that 1% repayment is great because they want to live.
With two kids, kindergarten and so forth, we spent an average of €2200 per month. Of that, €900 was rent. €3000 were saved. No one suffered. With bonuses and so on, over €40k per year came together.
It’s always the same people who write that it must be inheritance because they cannot imagine such a thing from their own expenses.
On the topic: all wonderfully feasible. The repayment is too low. For whatever reason. €5k special repayment is almost nothing. But a plan is there to be thrown over. Just do it ;)