Financing over 10 years with 5% special repayment

At least he wrote it charmingly

And why did he? I didn’t write anything personally bad, nor was I insulting. But probably I unconsciously hit a nerve with something..

240k is a great amount of equity, and your income is good. Nevertheless, the loan amount still seems too high to me. With a slightly higher income, we only took out about half as much credit, and I am not expecting any bonus either. From my perspective, this is one step too big for you, and I rarely say that. Such an amount can certainly be financed by very few employees.

I agree with ypg. Xxxxl house and only a Lada in front of the door, what do the neighbors think? The planned special repayment is wasted elsewhere. It’s like with us, refinancing, and my wife is glad we don’t have to do it anymore.

I can also contribute something about special repayments. I structured my financing similarly to the OP’s, of course with significantly lower figures, and planned to make roughly €55,000 in special repayments over 10 years so that after those 10 years no additional financing would be necessary. €55,000 is of course peanuts here. I am now in the 3rd year of the financing and have so far made €5,000 in special repayments. Very sobering. However, I have roughly saved €25,000, so I am relatively on track in a way. But the money is sitting in the account and has not gone into special repayments. Actually, I am saving for a dream that I had to bury for the time being because of the house construction since all my equity went into it. Now I am saving like crazy every month and could fulfill that dream in a few months. But my conscience does not allow it since I “actually” wanted to make the special repayments. Certainly a luxury problem, but for me a big dilemma. Regarding the OP’s financing, I can only say that those figures make me feel sick. Still, I think that if the special repayments are consistently made year after year, the whole structure can work. For special repayments see my text above.

I have to wait in line with the others. We have been in the house for 1 year and have thus reached the end of our second year of credit. Over the course of the year, there were really hefty payments. What can I say... they are completely gone! Everything went into the house, property tax, back payments for the rental apartment, car, motorcycle, mini vacation, etc. There was no excessive luxury. Half of that will probably come up again next year. And our garden also needs to be done. The money is just melting away in the first years. So think very carefully about your guaranteed special repayment.

Otherwise, I would also be very interested to know what is so expensive about your house. Nearly a million for a place is quite a figure.

Otherwise, I would also be very interested in what exactly makes your house so expensive.

Plot and house amount to €920,000

Because you all assume that the house is so expensive...
So I think maybe the house isn’t actually that expensive, rather the plot already costs €500k? Probably Munich.

Best regards