House and property €284,000 financeable?

So, it does make a difference whether you have a negative equity ratio (meaning you cannot pay the "additional purchase costs" out of your own pocket), or the equity ratio does not really grow because costs are also rising.

Of course, you can save up later as well; there are certainly banks that go along with that; but you have to be honest with yourself and put more than just €1100 on the table every month:



Alone for the subordinated loan of €35,000, €300 per month is necessary (and that is not even fully paid off after the interest rate lock-in period; €12,000 are still outstanding after 10 years).

That leaves €800 remaining. With that, you can get about €250,000 (however, from my point of view, you really have to "trick" and only apply 1.5% repayment, or be more honest with yourself and take 3% repayment; then it’s €180,000.

And by tricking, I mean the fact that otherwise you still have €180,000 residual debt remaining after 15 years.


That makes a budget of €215,000 or at most €285,000. We are far from the €450,000.

Also, a new build is definitely much more risky than buying something existing.

So a nice condominium would certainly be more feasible.

But that does not change the fundamental problem of the OP spending 1100 for the rate Max. Assuming he only had to finance 100%. Then he would get Max 250K-340K.

Well, you know, when you’re already making good money at 19, unfortunately, you’re just not that smart yet and don’t really think about the future!

Many thanks, Lnini, those are statements you can really work with!!

Thank you for the honest words!

Unfortunately, we are not in the great position to pay so little rent!

We live in the third most expensive city in Germany, and pay 900€ warm for an average 3-room apartment