How much house/apartment can or should one finance?

hello

how much could someone afford who:

owns 100,000 in equity, earns at least 2450 euros net (alone as a single) and otherwise has no debts or anything else.

what could he afford? or what should a healthy financing look like? the girlfriend's salary is 1600 net. but he would prefer to calculate only with his own salary at first :D

best regards

Banks calculate with completely different key figures, such as which AG, how long employees, liabilities, etc., moreover the long-term nature of the financing matters. Two people can get more than a sole borrower. Basically, you should not go to your absolute limit anyway. Subtract 30000 from your equity for the kitchen and some unforeseen incidental costs and you are within the norm of approximately 350000 - 400000 total costs.

which employer, how long employee, liabilities etc

The employer is a large chemical company. Employed there since 1992 with an indefinite contract. No debts or anything else.

350 - 400,000 euros is already good. A new construction would work without any problems.

If only your income is considered and the ABSOLUTE upper limit for financing is 50% of the net income (no bank will consider more), then you could finance TEUR 200 alone. I have calculated an annuity of 6% to allow for a reasonable repayment.

How much should one normally repay? Financing only 200,000 with 1,200 euros? But that is very little. You can easily do more than that!?

Sorry, mental math is poor:rolleyes: Feel free to calculate with 2.5% repayment at the current interest rates. With assumed 3.5% interest (of course there are e.g. KfW funds that are cheaper – but it’s easier to calculate with 3.5%) you have to pay 6%. Then it is TEUR 240. But with the repayment, that is already a high pain threshold. You then have to pay EUR 1,200 per month - ancillary costs for the house (assumed 300 EUR per month) - insurance - of course also food and clothes - build reserves for the house - pay for the car (fuel, taxes, insurance, reserves for new purchase) - vacation etc. I wouldn’t want to go into it alone. With your wish for a new build, I would definitely bring your girlfriend on board. She also wants to live in the house – then she must also commit herself. However, if it is not true love, then forget the high financing and buy yourself, for example, a cheaper condominium.