Financing with grace period loans + building savings contract

Thank you for your feedback and explanations.

So the thing with the 31 years and the €1,200 was written down by the broker. Unfortunately, we will only receive the exact documents at the beginning of next week, where hopefully it will also be clear that the 31 years with a rate of €1,200 does not add up (it was also a mistake not to roughly calculate it ourselves).

I also see it now this way, that the variant with the 2% no longer looks so attractive, but the variant 40% with 1.25% would already be interesting, but currently not feasible with our rate expectation.

We also know that for the high loan amount we are at the lower limit with our rate expectation.

Is it really realistic to get around 2.0% for 30 years with our initial situation? We only had one offer here with 2.41% (at the Münchener Hypothekenbank).

To help you, people know far too little about your situation. So age, income, expenses, ongoing loans, married, building or buying used, etc.

Basically, 350,000 and 1100 is already problematic, especially with a long fixed interest period. Even if you really get the 2%, you pay for 38 years. ops:

Seems to be a close call again

So we are married, 31 and 29 years old, and currently have a net income of €3,790.00. I expect to increase my salary in the next few years and possibly even shortly, but of course, one shouldn't really count on that. Currently, we only have one car loan running, which ends early next year (€197.00 per month).

The plan is to build a new prefabricated house in a rural area (the land costs about €38,000.00 and the rest is for the house + ancillary construction costs + kitchen).

The installment is currently designed so that we can still easily pay it when children arrive in the near future. As long as they are not there yet, a higher installment would also be possible with the current net income.

We are also aware that we will be paying for all this for a long time; the plan is definitely to be finished before retirement.

With 2% repayment you will definitely not be finished by then. And when children come it will get very, very tight. For the installment and additional costs, 50% of the income is already going away now.

With 2% repayment you definitely will not be finished by then.

It would be great if you start to justify your statements a bit (preferably with numbers!)! With 2% initial repayment, you are usually done after 35 years at the current interest rate (~2%). At 31 years old and retirement age of 67, there is mathematically only one year of leeway!

And if children come, it will get very very tight. Right now, 50% of the income is already going towards the installment and additional costs.

Here I do agree with you. Basically, you can also sell houses again if it gets too tight, but especially in rural areas where a plot of land is so cheap, it can sometimes be difficult to sell a house again at a good price.