NoggerLoger
2020-07-09 19:45:06
- #1
Hello, I had inquired before but now it is about a condominium. My wife is a 27-year-old student teacher, I am a 30-year-old engineer in the software field, and we want to buy an apartment. I have been employed for 3.5 years and have been able to save nearly €100,000 so far because we live rent-free in a one-room apartment. Now my question is whether this will work out or if it is too tight. Or are there any improvements possible for the monthly installment.
[*]Costs: 474,700 with real estate transfer tax etc. 508,000
[*]Size 114 sqm ground floor new building
[*]Move-in date in March 2021, by then I should have saved about €20K for the kitchen as well.
[*]Equity: 130,000 but later another nearly €100,000 will come bit by bit from the parents, at the moment this capital is tied up in stocks
[*]Income: Me 3580 net * 13.3 salaries = 3900 net with 35h. Room for increase, she is still a student teacher and starts her teaching internship in one year.
[*]Otherwise no debts, car was paid in cash 3 years ago.
[*]Repayment rate: €1100
[*]Service charges: I assume about €300