Financings ETW Student + Engineer

It doesn't stop at 2000 euros. We live as three, also living "normally," and with a similar calculation (however 4600-4700), we still have 1000-1200 euros left after deducting all costs. So that's fine. Hopefully, your partner will start earning then. A dumb idea would be to get pregnant right away initially.

Besides that, the 100k from your parents, which are still invested at the stock market (!), I would ignore anyway.

I somehow only have concerns that, after deducting repayment and service charges, I only have 2000€ left to live on. So far, we have needed significantly less, but I prefer to be on the safe side. As soon as the state examination is completed and the traineeship begins, about another 1000 will come in. So it should also work with less than the 100k from the parents. The money was certainly promised, but you never know...

Well, only 2k ... luxury problems of the new world. Your wife, as a civil servant, will also soon bring in money.

Somehow I just have concerns that after deducting repayment and house fees, I'll only have 2000€ left to live on. So far, we've needed considerably less, but I prefer to be on the safe side.
Once the state exam is finished and the teaching internship begins, there will be around 1000€ more coming in. So it should also work with less than the 100k from the parents. Although the money has been promised for sure, you never know...

Sure, the financing is currently on the edge of what's feasible, so as a rule of thumb (household equity*100) a loan of around 350,000 would be possible, and for housing you spend the well-known third of the income. Now there will also be a hopefully secure income added, which definitely eases the situation. Until then, there is a slightly increased risk, and you might have to restrict yourselves a bit more if necessary.

Ok then it looks good, we have few demands. Children cannot be excluded but the Ref appointment is fixed. Thank you very much for the feedback.

Ok then it looks good, we have few demands. Children cannot be excluded but the ref date is fixed. Thank you very much for the feedback.

My wife has been out of the ref for not very long. I cannot recommend children during that time. If we had had any at that time, we could probably visit them in the closed (facility) now. But the financing looks good. Even if the civil servant status doesn’t start immediately afterwards, as a substitute teacher you already get a salary and then you should end up with at least around 5k and that already makes everything look quite relaxed. It was “only” about an apartment, right? If everything really goes wrong, you should be able to sell it a bit easier than a single-family house. With that equity, you will come out of the whole thing anyway without any debt. I don’t see any problem.

I have been employed for 3.5 years and was able to save almost €100,000 so far because we live rent-free in a one-room apartment.

First of all, my honest respect! Saving nearly €2,400 out of €3,900 net per month is really impressive. Plus buying a car in cash. That makes the savings rate even higher... Living rent-free definitely helps. What’s the situation there? Do you pay the utilities yourself? And are you otherwise completely self-sufficient? Or is it a granny flat with your parents? The shock at moving out can be bigger when suddenly all the costs appear. But with the saved capital, the income, and the prospect of your wife’s civil servant position (always a question whether there is currently demand in the region in the study’s field!) it looks good. Definitely make sure the loan has several free rate adjustments. Start low, then increase when your wife is employed and possibly reduce again with the first child. If you basically want children, that usually happens quickly after graduation for student teachers.