Financing semi-detached house with house bank

  • Erstellt am 2016-12-02 23:09:35

roadrun87

2016-12-05 08:30:34
  • #1
I will do that.

How do you see the rate in relation to the income?

The income is divided into €2000 from me and €1400 from my partner. We are not married yet, so both are tax class 1. In both cases, there is a 13th salary, and I also have a bonus, but I do not include any of that as fixed.
 

Lanini

2016-12-05 09:10:23
  • #2
We have a total monthly net income of about €3,600 (after deducting private health insurance, etc., and without Christmas bonus/vacation pay/bonus) and have targeted a monthly rate of approximately €900 - €930. This is manageable for us, and we will still be able to save reserves for repairs, new purchases, etc. We definitely did not want to go higher with the rate because we prefer not to budget too tightly and not to have to consider every restaurant visit whether we can really afford it, and also to have some room for a vacation.

In case we have children someday, it was important to us that a change in the repayment rate would generally be possible in the financing, because at the moment we can poorly estimate what the living costs will look like then, and at least temporarily one income may be (partially) lost. This way, in case of emergency, if it really gets financially tight, we can reduce the rate (and later increase it again).

Basically, I find your rate OK. Your income is similar to ours and the rate is only slightly higher. Of course, it depends on what kind of living costs you have (e.g., cars, etc.). The most important thing is that you feel comfortable with the rate. Have you kept a household budget for a few months to see if the rate is manageable for you?
 

Caspar2020

2016-12-05 09:11:59
  • #3
First of all, a clarification. The KFW 124 does not contain any proper special repayment options. Only full repayment with a prepayment penalty.

How high is the special repayment in module 3? 5%, or only 3%?

As for your last question. You need to clarify the following things:

    [*]What do you pay today for the cold rent + savings rates? Is that more or less than €950?
    [*]What are you going to do with the ZÄrR of 70000 at the end of the 10 years?
    [*]What about the increased additional costs compared to an apartment? (including maintenance reserve)
    [*]What about family planning?
 

roadrun87

2016-12-05 09:47:31
  • #4
Special repayment of 5% is possible.
 

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