Financing question for the dream of a house

By the way, you can easily find that out yourself. Calculate the additional financial need for financing and incidentals. Put the money aside monthly. If you can then make ends meet, it is manageable for you.

Whether you have calculated everything correctly and haven’t forgotten anything I leave up to you. Also the terms and repayment of your loan.

I have been calculating like this for us for several months. The development is still pending, I will continue doing it like this until then.

The important thing is "not to fudge the numbers," even if you are tempted after major unplanned expenses to say: "that might happen only once every 5 years," it doesn’t help, gone is gone and must be buffered again.

Good luck.

For comparison, we earn about 4,200 net (one earner + wife with three small children) and afford a monthly installment of 1,500 EUR. Despite the large family, we believe we live very well.

Does the child benefit + parental allowance come on top of that, or is it already included in the 4,200? Because if that is added on top, it's clear to me that managing 1,500€ installments works very well ^^

@Shism It would be nice if the child benefit came on top. Unfortunately, that’s not the case! If our youngest (three months) ever goes to kindergarten, my wife might also be able to contribute a little to the family income... But that will still take three years

Start saving 1100,- EUR immediately after receiving your salary. And see how you feel. Just barely managing.... Hands off.

Hello everyone,

late but still I’m getting back in touch. Thanks first of all for your objections. We are already cutting back too. And that is working as well. But can everything really be planned and calculated exactly? And precisely because this question is mostly answered with NO, it really has to be up to us to find out.
We have definitely decided to go through with it. If all our calculations are right (even with a child), then it should work well.
Maybe I will be the first here in the forum who can even report positively about it.