Financing offer: security option or rather tight constraints?

You don't have to apologize here. It's just that the numbers are significantly lower than in the other threads.

House cost: €75,000 + €20,000 modernization, total €95,000
Equity after sales proceeds: €85,000 + €28,000, total €113,000
Net income: €3,900

What are you considering taking a loan for here? Sell the plots and pay for the house in cash and then you still have €38,000 in reserve for renovations. With a net income of €3,900 you should still be able to build equity monthly afterwards. You have no installment to pay off...

Somehow I don't understand the problem?

If Leo has captured everything correctly, then with that salary and just incidental costs you have an awesome life ahead of you! Congratulations!

EDIT: Then just in 5 years. Don't sell yourself short!
I myself would take an interest rate lock-in of 5 years as a full repayment borrower without hesitation at those figures.

If Leo has captured everything correctly, then with that salary and pure additional costs, you have an awesome life ahead of you! Congratulations! EDIT: Then just in 5 years. Don't sell yourselves short! I myself would choose an interest rate lock-in of 5 years as full repayment without hesitation with those numbers

Should be correctly captured so far, yes... The house was built in 1949 and completely renovated in 2000, I doubt that anything major will come up in the next few years, so this reserve in the background gives us that feeling of security.

The money comes from an inheritance of my wife, so she has the decision-making power over it. Her wish was not to put much of it into the house, and then we met at the currently available equity + a little more for the interest rate jump. From the remaining funds, there will also be a new kitchen, but that’s it. Personally, I would have preferred if we paid off the house with it and then "saved up again," but she flatly rejected that. Of course, it’s also her right since it’s her money. Hence the financing with a low rate out of this very need for security.

Understandable and incomprehensible at the same time. Calculate for her how much interest she is paying for the repayment, even though you have the money in cash. With the income, you are also continuously building equity. Have you ever compiled your income/expenses? What do you have left monthly? Are you possibly even saving the rent in the future? I wouldn’t worry about the rate, rather about the pointless loan costs (interest etc.)

Where can you find houses for €70,000 ops:?
Economically, your wife's approach doesn't make sense.
Just pay cash and later possibly obtain necessary capital cheaply via a mortgage.
What does she want to do with the money? Put it in the sock?

Understandable and incomprehensible at the same time. Calculate for her how much interest she is paying for the repayment, although you would have the money in cash. With that income, you are also continuously building equity.

Have you ever compiled your income/expenses? What do you have left monthly? Are you possibly even saving the rent in the future?

I wouldn’t worry about the installment, but rather about the pointless loan costs (interest etc.)

Almost €6,000 in interest over 15 years if we don’t make special repayments, which we actually expect to do. (Based on 1.15% interest for €68,000)

Income/expenses will even fit better later than they do now, since the installment is set lower than the current cold rent.

Where are there houses for €70,000 ops:?
Economically, your wife’s approach makes no sense.
Simply pay in cash and later possibly obtain necessary capital cheaply via a mortgage.
What does she want to do with the money? Put it under the mattress?

MV, about 30 km from the Baltic Sea. Mostly through personal contact (I have known the seller all my life already) and my father owns the other half of the house (so I will eventually own both halves of the house)

As I said, keep it as a reserve in the savings account for unforeseen events. If something really has to be done, we can pay for it immediately and don’t have to rely on a loan. Absolute security thinking. Her money, her decision.

Personally, the €6,000 guaranteed loss would be too much for me, instead of having to take out a loan in case of emergency. But that is your decision.