How much house is in it?

  • Erstellt am 2018-09-21 13:59:50

Caspar2020

2018-09-22 19:55:36
  • #1


At the pawnbroker yes; but not with a mortgage loan



Every bank has more or less similar flat rates. At certain income levels, surcharges apply; because with income, appetite grows as the saying goes.

A car is estimated at €300-500. From a business perspective, not only maintenance or insurance counts, but the value is also depreciated. After all, it must eventually be replaced
 

hemali2003

2018-09-22 20:14:17
  • #2


There you have it: the depreciation has "cost" you over €800 per month. For such high-priced cars, you probably even have to assume €600-700 per month. Because the €45,000 would also have to be available again in x years if the car is to be replaced adequately.
 

Winniefred

2018-09-23 16:27:13
  • #3
So I think you have a decent income. That’s good to start with. You are young, you have no children, and your expenses are still manageable. Ideal conditions to save properly. However, the expense side seems very low to me. At 120€ for RVS, I get suspicious. Also, 200€ for all other insurances seems way too little. I am not a fan of insuring yourself against every little thing. But at the latest when you have a house and the loan hanging over you, you should insure yourself properly; and a decent disability insurance and life insurances cost a lot of money every month. With a high loan amount, these protections are very important in my view. So that’s really little, especially when you consider what you earn. Also, 300€ for food... I think that’s not realistic if you write it down meticulously. I think if you continue to save consistently for a while (1-2 years? I’m not an expert on that) and keep a household budget just as consistently, you will get a good sense of what is possible. At the same time, you can start to inform yourself more about building or buying a house, insurances, subsidies, etc. And I think it’s not wrong to reconsider whether it really has to be such an expensive house. And yes, I find 600,000 very expensive. You can build a decent house for less. But that is just my personal opinion. I myself would never take out more loan than really necessary. You simply sleep better if you don’t finance at the limit. Because even if you insure yourself well, things can quickly get tight if someone is out (illness, death, divorce, whatever) and you are then left on your own – especially if children have come along by then. So I don’t see this as negatively as some others, but I agree with those who say that a house for 600,000 is simply too expensive or too risky for you. Lower your sights a bit, save properly and calculate carefully, insure properly, and I think then you can build or buy a house in good conscience. Just for comparison: we are 29 and 31 and financed 239,000€ at 28 and 30 with a household income of 3000€; the bank would have seriously given us even more, but wisely we only financed what was absolutely necessary (we renovated an old building), and the rest we took from equity and whatever was not finished then, we have been finishing little by little from our current income for a year now. We now pay off 1050€ per month and that is already quite tough – however, after I graduate soon, my salary will be added, then we will have about 1000-2000€ more per month (we have 2 children; so I have to see how many hours I can work since the children are still relatively small). That I would soon complete my studies was already clear at the time of financing, and only for that reason did we finance so much. Without this knowledge in the background, we wouldn’t have done it. As it is now, you can do it for a while, but there is simply almost nothing left for luxury things like vacations, and that is not nice in the long run.
 

Obstlerbaum

2018-09-23 18:14:11
  • #4
I am surprised that some consider the insurances to be set too low. In our household budget, it does not amount to 50 euros per month. Only because of the house construction, another 25 grand are added for the risk life insurance.

300 euros for food per month I can hardly believe, on the other hand. You don't do that every day, but that can definitely go for a single restaurant visit with us.
 

ypg

2018-09-23 18:29:09
  • #5


I already pay more for my life insurance... well, I don't want to say that everyone needs it nowadays, but it has been running for 20 years. As you get a bit older, extra dental insurance etc. are added. You just can't really imagine that at the "beginning."
 

Winniefred

2018-09-23 18:40:23
  • #6
We have insurances that cost us about €380 per month, and that doesn't include my husband's disability insurance, because his grandfather still pays for that. And I have neither life insurance nor disability insurance, which we will have to arrange soon - so that will increase. Private pension insurance, building insurance, personal liability, life insurance, disability insurance, accident, legal protection, travel insurance (okay, that's not urgently necessary, but we've already used it twice), car insurance, pet owner liability, household contents insurance. It really adds up. And as I said, it will increase quite a bit soon. And I really keep an eye on not paying too much. I mean, that's not the topic here and everyone has to decide for themselves. But if you have a loan of €500,000, you really have to secure yourself – in my opinion. So, I think it's definitely worth addressing; I just wanted to help the OP organize her thoughts a bit.
 

Similar topics
03.11.2008Does a student get credit?20
11.07.2015480,000 loan too high, experiences?36
15.05.2016Own home - Planning the property / Financing with income ok?22
30.11.2016Only one credit component or several credit parts?19
17.04.2017Is land and house construction possible with our income?43
27.01.2019Financial requirement for construction40
22.04.2019Real estate loan with high collateral but low ongoing income35
02.05.2019Is buying a house at all possible with our income?49
05.06.2019Search for real estate loan advantages/disadvantages insurance vs bank22
16.08.2019What loan amount is realistic for house construction?190
19.08.2019Criteria health questions credit42
10.01.2020How much income do we need for our home loan?38
16.03.2020Small income - house construction, rental, and co10
31.12.2020Return to the homeland - how much credit can I afford?90
13.03.2021802k€ for house including additional purchase costs with 600k€ loan - Financeable?86
12.04.2021Is the construction project affordable? 570 k€ loan with a 5300 € salary144
26.09.2022Is it possible to sell the apartment and take over the home loan?16
27.03.2023Private home, which insurances do we need?82
06.05.2024Financial planning for new construction with good income and little equity81
10.07.2024Land financing, variable loan?20

Oben