House financing - house, garage, and foundation slab approx. 290,000 EUR

I don't find that point here.

It's about whether the offer fits, not whether the price is correct. That should be fixed when getting offers. Otherwise, it's a waste of time.

The relatively high 290k€ can be due to various reasons.
1. Far too high costs calculated for additional construction costs/wishes, etc.
2. Got a company that was way too expensive
3. The client's wishes don't match the budget

Point 1 would be desirable, but I don't believe it.
Point 2 can be resolved with multiple offers
Point 3 is what DerDa means. But then I must not complain if at the end of the term there is still a lot of credit left.
And that's exactly what the OP has.

The low interest rates tempt people to build oversized.

Small example from the circle of acquaintances:

Prefabricated house (rather expensive provider, good standards) timber frame

Base price for the house with 120 sqm living area 180,000 on floor slab.
Surcharge for turnkey 10,000
Special equipment 20,000
Additional construction costs 28,000
Steel box plastered garage 7,000

House completely finished for under 250,000.
They had to build this way because the land here in [KA] cost 390 €/sqm. But in [TE] it is only 60,000.

The correct formulation on my part should have been:

I don’t find that at this point.

It’s about whether the offer from the bank fits, not about whether the price of the house is right. That should be fixed when getting offers from banks. Otherwise it’s a waste of time.

@Der Da

The calculation doesn’t add up…. 1800 with tax declaration class 3 is just under 2200, and I estimate she won’t earn 600 working part-time with tax declaration class 5.

Tax declaration class(es) and/or marriage hardly play a role in net income. It’s still called (as I wrote in another thread before): annual income tax and not monthly income tax. Just as when considering a loan you shouldn’t only look at the fixed interest period but also the remaining debt. When choosing the tax declaration class you shouldn’t only look at the month, but the entire income year including the income tax to be paid by both.

The correct wording on my part should have been:

It’s about whether the offer from the bank is suitable, not about whether the price of the house is right. That should be fixed when getting offers from banks. Otherwise, it’s a waste of time.

Tax class(es) and/or marriage have little to no impact on net income. It is still called (as I wrote in another thread): annual income tax and not monthly income tax.
Just as when taking out a loan you shouldn’t only look at the fixed interest period but also the remaining debt. When choosing the tax class, you shouldn’t just look at the month but the entire income year including the income tax to be paid by both.

With the tax class there is a classic yes and no.
What use is a large refund at the end of the year if you can’t pay the installments during the year? Of course, you shouldn’t calculate so tightly. But financing is most critical during that time. Over the course of the year, there is naturally no difference.
By adjusting the tax class, under certain circumstances (not always), parental allowance can also be higher.
This will make a considerable difference for us, as my wife earns more than I do.

Marriage, on the other hand, does play a role.
Due to the splitting tariff, the income tax to be paid changes compared to individual assessment.
This is especially noticeable in cases of large salary differences, which occur in combinations such as full-time job/parental allowance or full-time job/part-time job.

For the first quote, it should also be added: The wording is better. However, the original poster asked about the financing plan, not the conditions. But the financing does not really match the income, as he himself has already noted. If neither the remaining amount nor the installment can be changed (or rather should be reduced), the only approach is to minimize the loan amount.

Oh nice, quite a few people have spoken up here. I had already talked about the basic data of the house here.

https://www.hausbau-forum.de/threads/reeller-preis-fuer-efh-ggf-schluesselfertig.6228/

(Some things were removed and the house was scaled down) The construction expert considered the costs back then not to be overpriced. In general, I know that this company is not the cheapest, but they use high-quality materials. You really only hear positive things. That’s why one of our first contacts was with this company. We live in rural Bavaria, so with our income we get by very well since the cost of living is not as high as in some big cities. The stated costs correspond to the total costs and are certainly all “rounded up,” but I’d rather calculate a bit more generously than have to finance afterwards. We’re not going into this naively either, otherwise we probably wouldn’t have been able to save the capital like this. So far, all bankers and financiers have always told us that we could easily pay off this amount. But of course, they also want to make their money... For us it is hard to estimate since the costs for a child are simply difficult to calculate. I see the whole thing similarly to most of you and am rather skeptical. We don’t want to have to turn every euro over thrice for the next 30 years and only work for the house. I think we will now get two solid house offers and then see what comes next. Maybe in the next few years there will be some nice houses to buy cheaply…