House Construction Financing Realistic

Thank you for the quick replies,



Regarding the mentioned topic of tax declaration classes.

"You should calculate your tax classes. It's unclear whether 5/3 is the best option for you."

We have already thought about that as well, especially with regard to planning for children.

At the moment, 5/3 is best for us, since with additional bonuses and foreign assignments quite a bit of extra money is earned.

Once the child is here, this will be scaled down to a minimum. Without this additional money, the situation looks different again, so we will probably do better with 4/4.

Since my wife has only been working in her position since last August, salary increases are very likely.
It has also already been hinted at by her employer that there will probably be a raise after one year of company affiliation.

That looks good. With this equity base and the planned rate remaining the same, you should fix the current interest rate for 20 years. A decent provider/broker should be able to offer you around 1.65 - 1.80% p.a. at present. Without special repayments, you will be finished in just under 20 years. If the construction project, as it seems, is not yet being realized currently, also consider so-called Forwarddarlehen. It costs a slight premium but gives you planning security.