Financing with a building savings contract?

Hello everyone, there is quite a lot going on here, thank you!

If the OP can sell a caravan for a lot of money NOW, then he has more money NOW and not in 5 years.

The caravan (new price €19,000) serves as a holiday guarantee, since my wife and I are tied to school holidays for our vacations. For the purpose of raising equity, it would make sense to sell the caravan, but we will not do so in order to secure the holiday.

The question about net income without private health insurance is not unimportant.

True. I forgot to mention that. The actual net income then amounts to about €5500.

I would find it somewhat unfortunate to also plan salary increases for another child - maybe one income first decreases due to part-time work?

It is the case here that I am planned with 100% working hours and my wife with 50%. She will go back to 75% in about 5 years, but we are not including this in the financing plan.

I hope you will live more frugally from now on, with your income and age, there should be (significantly) more in the bank.

Well, the income has only been at this level for about 2 years; there were some professional changes, family planning, etc. in the way. Then there were student loans to repay and a car to buy. Additionally, long commuting distances, which will shrink from currently a total of 200km per day to about 60km per day after the move. As Milo already said, there are good reasons for the low equity. Waiting now also makes no sense, as we assess the interest and credit situation like Milo.

By the way, what if the life insurance is worthless in 30 years?

This is excluded, since it is a guaranteed amount without surplus. Inflation might be an issue, but that then gets out of hand...

I would also look for another financing option. Have you already seen an independent broker?

This is actually an offer from an independent financial broker. Nevertheless, we will have further financing discussions this week. The reason for the thread is that although we can live with the monthly burden, i.e. it meets our expectations, the interest rates seem a bit high to me. But this is also understandable given the low equity. Your opinions have overall helped me and lead to further talks with banks and brokers. However, we are running a bit out of time, as the landowner is pressing for the notary appointment.

In another thread (I think this no longer belongs here) I will make a breakdown regarding the house with calculated ancillary costs, etc. I am also curious about your opinions there... I also hope that I can share experiences soon and that someone will benefit from my posts. In this sense: Thank you for your advice!