How is a 400k loan financible without equity? Net equity at €4,500

So far we have 10K equity from her, 20K equity from me. Everyone saves at least €500 per month. The loan is supposed to start in two years. That means we will save a total of 24K more. These approximately 50K in total are for floors, painting, exterior work, unforeseen costs, etc.

Of course, we could also use €10,000 or €20,000 as equity, but the bank told us that’s nothing. We prefer to keep it as a buffer.

Hello everyone,

we have calculated the following with a house provider:

land 80,000€
house 300,000€
additional costs 55,000€

these are realistic numbers for a finished house. At least here in our region.

that adds up to 435,000€. After deducting the subsidies, we come to 420,000€.
our income is 4,500€ net. With a child in the future, it will not be less, as we steadily increase our salaries. We always want to have at least 1,000€ at the end of the month available for saving or partly for spending. Therefore, the pain threshold for the monthly rate is 1,250€.

now we went to our bank and they told us that we can calculate 400€ monthly repayment per 100,000€. So more than 1,600€ repayment. Our pain threshold is 1,250€ monthly repayment. That would just allow us to finance 300,000€. We have no equity. No new build possible?

how do you see this? What are your experiences? The independent financier of the house builder told us that this is certainly possible. Is he talking about huge special repayments? Where lies the truth? We fear we will have to let the house construction die :/

nobody talks about finances. Who can still afford a house then? What is your assessment?

That's what we thought too, even though our net income is a bit higher. But what do 24,000 € saved in two years bring if:
a) construction costs increase by about 4% annually.
b) if you're unlucky and the ECB changes its interest rate policy, causing interest rates to rise.

In the end, it might be more expensive than if you had built now. Just a thought.

4,500 net with a loan amount of 420k and desire to have children. (Income increase means what? 2% per year?) I see income loss here (part-time, children cost money, etc. pp)

From the banker's perspective, leave it be. The project and volume are too much for you. You are overextending yourselves. At the kitchen table, only debts will be talked about and not the next zoo visit