Financing offer so good?

Hello We have planned a house, the total cost including the land is €300,000. We want to finance the complete amount except for notary fees etc. €3,500. We then have about €15,000 left, which should not be included in the financing. I am a civil servant, 30 years old, and my wife, 27 years old, works in the public sector, and we have one child. Net monthly income €4,300 together. We have already obtained an offer which is as follows 250,000 / 15 years / 2.69% interest / 1.73% repayment 50,000 KFW / 10 years / 1.65% interest / 3.4% repayment The whole thing will then be redeemed by a building savings contract which is paid alongside, and after a total of 27 years everything will be paid off. The monthly rate is €1,300 including the building savings contract from start to finish. What do you think about it? Unfortunately, the €1,300 is giving us headaches at the beginning, especially since a second child is planned in the next 3 years. I am grateful for any suggestions for improvement.

Hello,

TH = Thuringia? Probably the reason for the low construction prices (land?). I would like to question whether 300k is still sufficient.

You have a child and can therefore better assess whether 2 are feasible. With 4,300 net and a 1,300 installment, there are still 3,000 € left. So others who are building have it much harder.

You have to live off 3,000 € first.

Have you ever had a regular annuity loan offered to you?

3,000€ - 400€ additional costs - 250€ reserves 2,350€ The question is how it all is distributed and where there are losses if a second child is on the way.

See it like : 3000 euros for living expenses can be sufficient. Whether it is enough, only you can know (household budget kept?). You also know how much a child costs.

Where my alarm bells ring: 300,000 € for house + land? Who planned that? What kind of house and what kind of land is it? Were really all costs taken into account?

If the answer now is that the land costs only 30,000 € + is completely flat with good soil. And the house will be a maximum of ~120m² without basement/garage etc., then OK. I cannot believe anything else.

So the plot costs 35000 for 2000 sqm. And it will be a solid bungalow with 162 sqm. What do you think about the financing conditions? I have been reading here for a long time and do not find the numbers good.

I cannot say anything about the conditions. What I can say is this: For €265,000 you will not get a bungalow with 162sqm of living space.