Financing - Are we getting reasonable terms from the bank?

The story stinks.. Sorry, as a former self-employed person I don't understand how you see tax back payments as a surprise. Or you simply didn't want to hear what your tax advisor says. Especially when you are servicing loans, which hopefully were for the self-employment, the bank should also expect a profitability forecast. At the latest, it should have clicked there.. PS. with 6000 euros net, every bank is licking their lips.

That is the typical trap for self-employed. The tax office comes after 3 years and wants to see the declarations and money. Well, at least you had the money left over. Which industry are you in? With 100% financing and a 600k loan, I also see a bleak situation.

Thank you for the answers.

No no, I already expected the tax back payment, it’s usual when you’ve just become self-employed.

The 2 loans had nothing to do with my business, but that’s settled now.

We have 2 cars with a total leasing cost of 1,000€ per month, then several insurances (private health, accident, disability insurance, Rürup, Riester and various others) with 1,400€ per month.
Apartment rent is 500€.

That’s it.

So there are actually €3,600 available, from which food, childcare, and other expenses still need to be deducted. So we also have about €6,500 net (health insurance etc. are already paid) and finance on a similar scale. However, two permanent employee jobs and slightly more equity. Crazy enough, they would have financed us more without any problems, even though we are still paying off a rented condominium. It would be important to honestly write down what you actually need to live. Now and when the children are older. Then another €1,000 buffer per month to save for a broken washing machine or the new bike or vacation. The rest should then be used as installments.

For financing in this range, a 1000 euro buffer per month is very little. But whatever. The OP probably won't get financing anyway.