House financing through SAB

  • Erstellt am 2016-01-17 21:51:31
F

f-pNo

2016-01-20 11:47:16
  • #1


I’ll ask the counter question: If you finalize the (more expensive) financing now – how high is the risk that the financing will fall apart if your wife cannot work? The bank gives you the loan now (since they lack the info about the second child) and you may not be able to bear the burden after just one year. If you have already factored in this point anyway, there is a real chance to explain this to the advisor and still obtain the loan.

PS: I also find the roughly 4,000 euros monthly costs for a family of three VERY high. Do you state a maximum of 1,000 euros for the installment because you already factor in the lower income during parental leave or do you still include your current rent in your cost calculation, which will then disappear?
 
G

Goldi09111

2016-01-20 13:09:51
  • #2
Here is our overview....

Monthly income
Type of income Amount monthly in Euro
Net salary man 2,400.00 €
Net salary woman 2,200.00 €
Child benefit 1 184.00 €
Child benefit 2 184.00 €
Total income 4,968.00 €
Fixed monthly costs
Type of cost Amount monthly in Euro
Loan installment 900.00 €
Additional costs
Property tax 41.67 €
Basic fee waste 10.00 €
Basic fee electricity 10.00 €
Basic fee water 10.00 €
Basic fee sewage 10.00 €
Basic fee gas 10.00 €
Chimney sweep costs 16.25 €
Electricity consumption 75.00 €
Water consumption 50.00 €
Heating consumption costs (Gas?) 125.00 €
Building insurance 41.67 €
Household contents insurance 16.67 €
Legal expenses insurance 16.67 €
Savings plan at Metzler (house reserve) 200.00 €
Savings plan at savings book (vacation) 300.00 €
Savings plan at savings book (special repayment/year) 400.00 €
Car man loan 200.00 €
Car woman loan 200.00 €
Pocket money man 100.00 €
Pocket money woman 100.00 €
Pocket money 1st child 10.00 €
Pocket money 2nd child 10.00 €
Piggy bank 50.00 €
Kindergarten 1st child 200.00 €
Kindergarten 2nd child 200.00 €
Insurances:
Dental insurance 0.00 €
Disability insurance 61.26 €
Pension insurance 38.00 €
Accident insurance (allocated to woman) 19.75 €
Household contents insurance (allocated) 5.92 €
Private liability (allocated) 5.58 €
Supplementary insurance woman (dental, glasses, etc.) 8.81 €
Fixed monthly expenses 3,442.24 €
Variable monthly costs
Type of cost Amount monthly in Euro
Fuel man 300.00 €
Fuel woman 200.00 €
Car repairs 100.00 €
Groceries general 500.00 €
Groceries man work 140.00 €
Groceries woman work 50.00 €
Clothing 100.00 €
Diapers 50.00 €
Personal care 35.00 €
Cleaning supplies 20.00 €
Books/ magazines 20.00 €
Desk/ postage 20.00 €
Gifts 20.00 €
Cinema/ music/ theater etc. 20.00 €
Phone/ internet/ mobile 100.00 €
Car tax + insurance (allocated) 103.25 €
Broadcast license fee 18.00 €
Variable monthly costs 1,796.25 €
What remains -270.49 €
 
H

HilfeHilfe

2016-01-20 13:34:02
  • #3
Of course, cars are expensive in terms of installments and maintenance. But well, you have to be mobile in such regions.

You should also reserve a budget for [LV]. You want to insure yourself against death. Then read less newspaper.
 
S

Steffen80

2016-01-20 13:50:14
  • #4


I don’t know… some things wouldn’t please me at all. People with quite a high income usually have a somewhat different standard of living. Look back into the past. Pocket money really only 100 EUR per person per month? Cinema/ music/ theater only 20 EUR? Clothing for both only 100 EUR? Seriously? What have you done? Just stayed at home? Also, personal care only 35 EUR per month I find not that much for two people. 500 EUR groceries with two children (one of them small)… also borderline. 500 EUR fuel for two cars and only 1,200 EUR for maintenance and repairs per year? Never! At most if both cars are NEW… but even then they don’t stay new. Positively, I find the consideration of 300 EUR vacation and extra reserve. Don’t make the mistake and just sugarcoat anything. Look at the expenses from the last 3 years. Especially small stuff sometimes makes quite a dent in the calculation.

What else stands out: Why two cars financed? With that income you can save up for a car relatively quickly, right? Keyword: interest for car financing. These are always many times higher than real estate financing.

Regards, Steffen
 
G

Goldi09111

2016-01-20 15:04:58
  • #5
Thank you all for the helpful skeptical answers.

LV is included in the disability insurance.

Regarding car costs, etc., we have a car bought new in 2012 and my older one which requires about 500-700€ per year. The 400€ installment is intended as a reserve since there will eventually have to be a new one.

Pocket money is currently more than enough for both.

Cinema, theater, etc. was never really our thing...

Yes, we do a lot at home with friends and acquaintances.

Nevertheless, we are currently keeping a list of expenses with all the things bought daily.
 
F

f-pNo

2016-01-20 15:50:28
  • #6


I find the doubts funny. For me, completely fine.
From my "allowance" I could even give my wife another 70 euros. The rest then mostly goes on Christmas and birthday presents (ok - it's actually a bit more).
Cinema/Music/Theater 20 euros per month - we have no relatives nearby who could watch the kids in the evening sometimes. So we could reduce this item to 50 euros per year - both together.
Clothing 100 euros - if I didn't need a new suit/new shirts for work every few years or new jeans because they wear out or a casual shirt for a class reunion, I could also reduce this item to 20 - 30 euros per month.

For us, the babysitter position would still be a significant expense.

However, :
Doesn't this deficit worry you a bit in the end? I mean - 270 euros per month is > 3,200 euros per year, which would be a "loss" every year with these costs. OK - you save 400.00 per month for the special repayment, which can cover this.
Also - to go back to my previous post: If you accept the current loan offer and then your wife goes on parental leave, the gap of 270 euros will become even bigger due to lower income. How do you want to cover this?
 

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