Financing evaluation conditions - special repayment possible

First and foremost, we are building because we want to have a house. Of course, I know that in construction forums a house builder is assumed to have over 350k, that he would need at least 6000 net income or 150,000 equity. We currently pay 1000€ warm, can easily put aside 1500 euros monthly, and I still don’t have to watch the money. I have a paid-off S4 and no other obligations. After my next tariff increase, the net income will rise to 4200. It is ambitious, yes, but certainly not unsustainable.

But a different question, owners of a [Sole/Wärmepumpe]: how many kwh per sqm do you have? ([Kfw55]).

The paid-off S4 is rather more a reason against than for it ;) Why, I won’t explain now. Others are welcome to do so.

In the end: Everyone is the architect of their own fortune/misfortune..

I have been reading along here for a long time, is it a B6, B7, B8, or already the B9 S4 :D just kidding.

I find the total of 370k€ high in the sense that, for my circumstances with currently about the same income at 2. (4400€), I couldn’t reconcile it. Assuming whether you still want children, which I haven’t read so far, I assume about 3500€ in my case; if the woman is supposed to stay at home, about 900€ max monthly burden is possible for me. (I see a healthy rate at about 25% of the income).

With this number, you could easily calculate how many years you would have to pay off to finally be debt-free. Then everyone has to reconcile this with their own life and conscience. But keep in mind, even the 1500€ is not possible to save forever.

Maybe one should also plan a bit smaller and feel more comfortable with it? In my case, the limit is fixed after considering the years when I want to be done and my possible income and the associated possible rate.

As another note, for example, I sold my S4 B8 and bought a small car for commuting to be able to pay the property in advance from equity ;) and I don’t think it was easy for me either ^^

I don’t want to talk you down as directly as everyone else, but regarding income and loan amount, it would be much too high for me personally.
Thus, for example, building with or without a basement stands or falls on whether we can afford it (our intended limit suffices) or not.

Regards, Andi

Great that I'm not the only car enthusiast here. However, for me, ownership always took priority (first the apartment, now the house) over an expensive car, which then loses value. Therefore, I have always driven older cars that are nevertheless not quite ordinary and have little to no depreciation or even increase in value.

A 15-year fixed interest rate with 80% loan-to-value would have cost us even one-tenth more, and with 65% loan-to-value one-tenth less than the mentioned 1.86%. From my point of view, this is a fantastic offer for a full financing.

I didn't say anything against the car :) I myself drive a 100k car with 4 rings.. but we also have >30% equity. Then it fits together. If S4 + equity doesn't work, I should consider where my priorities lie :)

ok, it looks a bit different if you still own a (lastenfreie ?) half of a house. Would this be sellable in case of emergency? Borrowing against it doesn't help much since you have to service a loan anyway