Financing - your opinion? Realistic?

hello, I have already read many posts, but would be grateful for your opinion on our plan:

We are 31/30 years old in permanent employment and civil service. She earns €2450 net, he earns €2300 net. Children are planned, so instead of €2450, only €1500 can be calculated.

Equity: Plot of land (paid off) and €22,000

The financing requirement is €320,000

Our monthly burden would be €1130. Is that realistic? What do you pay? Is it manageable? I am terribly afraid of overextending myself :/

We could make special repayments of €14,500 per year, but without these repayments there would still be €90,000 left after 25 years. Is that normal? The loan is fixed for 25 years.

I always wonder how others manage it? The construction is of a normal house with garage (150 sqm living space).

Hello,

you have to decide that for yourselves. How much rent have you paid so far? What are you saving?

If all income has been spent so far, it will be tight. But if you still have about 4k net income with children and a 1.1k rate, it is doable.

Always remember children cost money^^, [PKV], clubs, clothing, food, childcare. Just bought a bike again today

, consequently one should point out here that it makes more sense for the man to stay at home, due to the woman's higher income!

I consider the whole thing quite doable.

...that the man stays at home because of the woman's higher income!

The difference here is marginal. More decisive in the above case would be the question: How secure is the (i.e., exactly THAT full-time) job of the "non-civil servant" after parental leave? In the civil service, that's quite easy; in the private sector, I have already witnessed quite a few things...

Hello you two,

as a mortgage broker, I have some experience in this area. I am also 32 years old myself, have just become a dad, and will be building a house next year. I can very well understand your fears, but at the same time, I want to reassure you. With your current income and the additional security as a civil servant, you are very well positioned. The monthly burden of €1,130 is completely reasonable. Thus, you are well prepared for all future situations. It is important in the financing plan that the loan installment can also be paid by one person alone. That seems to be the case with you. Therefore, not much can happen to you. I always recommend my clients to open an extra savings account. You can then deposit your repayment installments there and decide annually how much of the saved amount you want to pay in. I want to mention again, you have very good conditions and are well positioned. I have seen very different financings before. I have also advised clients against it when I found out that they would have to pay for a dream their entire lives and would have no money left for anything else. Unfortunately, not all financiers see it this way. I wish you lots of fun in your new home. Enjoy it Best regards André Empen Gecko Maklerverbund

, consistently one should point out here that it makes more sense for the man to stay at home because of the woman's higher income!


I consider the whole thing quite feasible.

Well, in this case it’s even, they can choose who stays at home. But since the OP has doubts here, I guess she’s not as savvy as you and rather sees herself in the mother role.