House financially feasible at about 5,000 net?

I have understood the system ;) With us, 2 repayment changes or 5% special repayments were priced in as "free" several times.

Just one example:
Means at the beginning 3% (initial) repayment, child comes and repayment goes down to 2% and when everything is settled again to 4%... In numbers without interest: 400k loan, start 1200€ - 14.4k€/year repayment, down to 800€ - 9.6k€/year repayment, up to 1600€ - 19.2k€/year repayment

Alternative 2% repayment and every year 5% special repayment option. Permanently a repayment of 800€ - 9.6k€/year and up to 20k€ special repayment/year, which I can decide anew every year and also sometimes add a bonus, gift, and until then have the money available as a buffer during the year.

Everyone must decide for themselves but I see no advantage in the repayment change except for the unnecessary self-discipline when saving.

- Children: You, as the main earner, are out first - then money will get pretty tight.

You know, we live in 2022 and not 1950 anymore, so nowadays young people have these quite FANCY models where the main earner continues to work and the dad takes a year of parental leave first. :eek: :rolleyes:

Although that doesn't only depend on willpower. Dad just doesn't give milk, and pumping and bottle feeding didn't work so well with ours. She always wanted the original instead of a replica ;)

I understood the system ;) With us, 2 repayment changes or 5% special repayments were "free of charge" several times.

Just an example:
It means initially 3% (initial) repayment, child comes, repayment goes down to 2% and when everything has settled again up to 4%... In numbers without interest: 400k loan, start 1200€ - 14.4k€/year repayment, down to 800€ - 9.6k€/year repayment, up to 1600€ - 19.2k€/year repayment

Alternative 2% repayment and every year 5% special repayment option. Permanently a repayment of 800€ - 9.6k€/year and up to 20k€ special repayment/year, which I can decide anew every year and can also add a bonus, gift, and until then have the money available during the year as a buffer.

Everyone has to decide for themselves but I see no advantage in repayment changes here except for the unnecessary self-discipline when saving.

So I’m also not a fan of the concept of constantly going repayment up/down. What happens if, for reasons other than children, either income decreases or expenses increase? Or if you then find the lower rate quite comfortable? I think that’s not good for discipline.
We chose the rate so that we are relatively sure to always manage it, but also with a reasonable repayment. Beyond that, we make special repayments.

You know, we live in 2022 and not 1950 anymore, that’s why there are nowadays some really FANCY models among young people where the main breadwinner keeps working and the dad first takes a year of parental leave. :eek: :rolleyes:

Right, but that doesn’t change the fact that in 95% of cases the mother still stays at home :D I’m just assuming the "average Joe" here :D

So I’m also not a fan of the concept of constantly raising and lowering the repayment. What happens if, for reasons other than children, either income decreases or expenses increase?

Constantly up and down, probably less so..

I find it absolutely sensible to repay as high as possible for as long as it is feasible. Then lower the repayment for a few years, and once the situation has settled, whether and how much you work again, you adjust everything accordingly.

We also did it that way and even made extra repayments when it was possible.

In my opinion, whoever lacks the discipline to save doesn’t have it regardless of the rate.