Financing confirmation from you

  • Erstellt am 2014-08-19 19:27:55

lastdrop

2014-08-19 20:32:00
  • #1
1. I find your equity good. 2. What are your monthly expenses and savings rate? 3. How large is the property? 4. Buffer? 5. I find financing 350k way too much, even with a high income. You probably pay for a long time, too long? 6. With these values, you also have to consider whether such a [Objekt] is resellable, even if interest rates double. Is it fungible?
 

lastdrop

2014-08-19 20:34:25
  • #2
Hmm... I would build a bigger house on a smaller plot if I had the choice ...
 

baumann2013

2014-08-19 20:38:46
  • #3
The equity in relation to the total financing amount (1/3) is a positive sign. But somewhere in your calculation, 5 TEUR are missing (180 TEUR equity + 350 TEUR loan = 530 TEUR financing funds with 535 TEUR total costs). Otherwise, a few details are still missing (your fixed expenses, is the house already almost fully specified and does it include a buffer?).



My opinion as well. However, we don’t know your dream?-plot.
 

iomaju

2014-08-19 21:07:28
  • #4
Was rounded :-) House is sampled and buffer planned. Fixed expenses are not that easy to specify. Thought of about €1600 installment, the rest goes for car, food, hobby and insurance and co. And yes. It is the dream plot. House size is absolutely sufficient in my opinion.
 

nordanney

2014-08-19 21:10:50
  • #5
Quite honestly, who still cares about expenses with that income? With that income, a high standard of living as well as the desired financing is easily possible = probably around 50,000 EURO per year to "live on". With your figures, small tears of envy run down the cheeks of a large part of the German population :)
 

baumann2013

2014-08-19 21:12:16
  • #6
Even if the additional costs of 2-2.50 EUR/sqm and a maintenance reserve fit well and there are no big installments from other private loans lurking, it should be doable. That you are the absolute main earner and the whole project stands or falls with you is just how it is.



You wouldn’t believe how many families with very high incomes also have extremely high expenses. True to the motto "one more zero-percent financing won’t hurt me, I can afford it." Which of course is no accusation against the thread starter :-)
 

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