Financing over 10 years with 5% special repayment

I took the liberty of calculating 10 years with 1.1% interest and 3% repayment. Without special repayments, there is still an outstanding debt of €465k. If the interest rate in 10 years is a laughable 3% for another 10 years of fixed interest, then you will still have to pay a rate of €2300 for the remaining debt. After another 10 years, you will still have an outstanding debt of €300k (mind you, without special repayments).

That means special repayments will always be mandatory for you every year for the next 20 years, about €15-20k. Frightening.

And you are barely earning €1400 more than we do and are tying yourself to an almost twice as high loan.

A bit too much house for relatively little equity, even though the 26% equity is maintained, the loan is then very, very high....financing that only over 10 years I find risky

So the conditions are certainly fair and usual. We also have 1.1%, 5% special repayment, and 10 years fixed interest rate.

But your plan to want to repay so much extra, the loan amount, your salary, etc., I find quite extreme. What do you work as, where, and how big is the construction?

I have personally never experienced a 5% salary increase every year either (IT industry).

Too little equity, too low income for the building sum. Unlike the other thread, however, it is possible here to represent the house construction well through optimization.

great equity but an XXL house with XXL loans that really don’t match the income....

That means, special repayment will always be mandatory for you every year for the next 20 years in the amount of 15-20k€. Shocking.

34k€ per year, as already calculated initially.

Don't forget, a 10-year commitment is "in reality" only nine. The first year goes towards the payment call during the construction phase.

The project is quite unrealistic.