House purchase, requesting opinions on financing

Hello, We want to buy a house (He 29 she 25; not married yet) Here are the details: Net income: He: €2150; currently able to save monthly: €1000 She: €1100; currently able to save monthly: €100 Equity: He: €90,000 She: €10,000 House: Year of construction 2008 best location 145m^2 living space 750m^2 plot Price: from €250,000 Additional costs: €26,000 Renovations: garage needs to be built, upper floor: plastering, erecting interior walls, underfloor heating, ceiling cladding Children: none yet, but two are desired in the very near future When children are there, she will have less income + additional expenses for children Financing: €75,000 equity €201,000 financed at 2.9% interest 1% repayment monthly rate approx. €620 Financing should be calculated only with HIS income (€2150) (secure income, good predictability) Renovations will all be done as DIY "gradually" Current rent: €420 cold paid by both Questions: Is it realistic to finance this house, even if children are there? My financial advisor claims that we will be debt-free after 25-28 years if we always make 1% repayment WITHOUT special payments. When I calculate this with various online calculators, I come to significantly longer periods until the loan is paid off! Who is right? I would be happy to hear a few opinions from you.

Ask yourself if it is realistic to pay for everything with your salary. Everything your wife will earn will go towards childcare. Either she stays at home and earns nothing, or works part-time, then it will go to the daycare or childminder.

How sure are you that no more work needs to be done on the house? Is there an appraisal, have you ever looked at the house with an expert? Why is the house now for sale?
If it stays at the sum, it will surely work. If expensive renovations come up, well, it will be a bold decision.

My financial advisor claims that we will be debt-free after 25-28 years if we always make a 1% repayment WITHOUT special payments.

He's lying, isn't he :rolleyes:

He's lying, isn't he :rolleyes:

His nose is already growing, and quite noticeably

if I calculate that, the term comes out to a narrow 47 years:p

Best location? Where exactly?

House from 2008 and now the underfloor heating is broken??? I fear the worst!!!