House financing 520k with 200k equity and 4.5 net income feasible?

It is already 5 years old

For comparison: Building land there currently costs 200 €/m².

5 years is practically new for a house. And 200 per m2 is not cheap. Does the house have only 130m2 without basement without garage or what is that supposed to be for 520k?

We have similar conditions as you. Net around 4,200 EUR, plus two company cars (already taxed), the jobs are crisis-proof. We financed 340 TEUR over 30 years – then we would be done (without special repayments), the rate is around 1,250 EUR p.m. One child has already been announced during the current renovation (toi, toi, toi). We can sleep well at night with that.

In the end, everyone has to keep a household book for themselves and decide if the rate fits their lifestyle. To me, it doesn't seem tight for you – you apparently have been able to save well so far. But a Maldives vacation every year in a 5*+ resort may not always be possible (the example can be replaced by other expensive consumer goods). Do you keep an eye on your expenses/kept a household book?

Btw. please let the woman switch to stage 3 in time when planning for children. Switch back when the child is there. Then there is more parental allowance, which is calculated from the woman’s net income. Some tend to underestimate/forget this. For us, that makes around 200 EUR p.m. with "normal" parental allowance (no parental allowance plus).

I also see financing as feasible. But I find it weird that it is so cheap just before Stuttgart..

please make sure to switch the woman to level 3 in time when planning children. Switch back once the child is born.

Don't you have to wait with switching back until the parental allowance period is over?
Because you have to report any changes in income to the parental allowance office during the receipt of parental allowance.
I always thought they would recalculate it then.
Apart from that, switching back is only relevant if
A) the financing was planned too tightly and you barely avoid overdraft every month, or
B) one of the two jobs is more secure than the other, for example in the public service.

Otherwise, it's just a shift: you either get the money evenly every month or only with the next tax return.

To my knowledge, the calculation only refers to the 12 months prior to the birth and the reference value is the net income of the person of reference. A change in tax class afterward, in my opinion, would not change the parental allowance. Except of course if work is done during the benefit period, then it has an impact.

Yes, whether to switch back is up to each individual – in the end, everything evens out anyway with the tax return. But 3 for the woman (usually significantly lower earnings) and 5 for the man (usually significantly higher earnings) – which is considerably less monthly income than 4/4 or even 5/3 – would not be my first choice personally, unless you see it as a savings account. We will switch back to 4/4 again – 5/3 would also be an option, but I don’t feel like dealing with additional payments.

To my knowledge, the calculation only refers to the 12 months prior to birth, and the reference amount is the net income of the caregiver. In my opinion, a change in tax class afterward would not affect the parental allowance.

Exactly, what matters is the time before the birth – so calculate how long the change will take, and then go back if the second partner will also receive parental allowance. There is plenty of detailed information about this online.