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

20% of a 400,000 loan would be 80,000. and by then I or we are 38? How am I supposed to pay that off by retirement? That’s not possible

Where is the problem? a: You are 32 and have practically saved nothing = minus point b: How do you come up with the idea that living in a (compared to the apartment) more expensive house still allows you to save a lot? So far, you haven't been able to do that either. Don't you want to live? c: What is so bad about maybe buying a cheaper house now (used)? d: Why does the house have to be paid off by retirement?

We have calculated it realistically as follows: In 2022 the house is there, after deducting all costs including the car, etc., we have 1410€ left to save, spend, etc. In 2024 the child will be there and one parent will stay at home for a year. There are 1100€ left. In 2026 I earn 2900€ net and she works 32 hours with 1800€ plus child benefit making 5000€ net. That leaves 1600€ left at the end of the month. We don’t want to squander that. We are afraid of costs, etc. Therefore the installment rate of 1250€ monthly. As soon as the child goes to school, my wife will then earn more than 1800€ again.

In 2022 the house is there, and after deducting all costs including the car, we have €1410 left to save, spend, etc.
In 2024 the child would be born and one year of parental leave
there are €1100 left
In 2026 I earn €2900 net and she works 32 hours for €1800 plus child benefits, making €5000 net
that leaves €1600 left at the end of the month. We don't want to squander that. Rather, we are afraid of costs etc.