Financings ETW Student + Engineer

  • Erstellt am 2020-07-09 19:45:06

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
 

Unsure

2020-07-09 21:04:38
  • #2
You have all the values to plug into one of the usual real estate calculators and see when and how long it will take to pay off, etc. You can therefore answer yourself whether it works out. €1100 repayment rate, but I would expect an additional special repayment on top of that. Otherwise, the payoff will take a while.
 

NoggerLoger

2020-07-09 21:11:21
  • #3
Of course, substantial prepayments will be added. Just wanted to know some experience values. 100,000 will flow in gradually via the prepayment.
 

Tassimat

2020-07-09 21:34:48
  • #4


In my opinion, everything fits. Why not?
 

ypg

2020-07-10 00:32:36
  • #5
Oh... it's fine! You proved yourself last year, so everything else will work out too.
 

NoggerLoger

2020-07-10 06:58:42
  • #6
Somehow I just have concerns that after deducting the repayment and the house money, I will only have 2000€ left to live on. So far we have also needed much less, but I prefer to be on the safe side. As soon as the state examination is finished and the internship begins, about 1000€ more will come in. So it should also work with less than the 100k from the parents. Although the money was definitely promised, you never know...
 

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