Initial considerations on: What can we afford?

Buffer: Out of sight, out of mind. A savings account doesn't make much sense nowadays.

Back to the topic:

800+1500=2300, minus 300 euros ancillary costs, leaves 24,000 euros per year. With a 5% annuity (I wouldn't go lower than that), you end up at 480,000 EUR, plus equity 560,000 EUR all in!

You have to manage with that in any case.

However, no extras that you didn't consider in your calculation are included. Also, houses always get more expensive than planned.

135 for the land (150x800+ENK) and 60 for secondary construction costs gone, leaving 365 for the house. With the almost usual 10% down, 330 remain.

So I would start looking or planning with a maximum of 300,000 EUR. It will get more expensive on its own.

Thank you very much for your responses.

: The 800 EUR tenant savings are already included in the 1,500 EUR. I calculated rather cautiously and therefore only set one third of our monthly net income as the savings rate. That roughly matches the expenses of the last few months - around 700-800 EUR remained on average. So with the rent, we only reach the 1,500 EUR. Then your calculation looks significantly gloomier for us...

I think your calculation is correct. At least I hope so, since we financed similarly. With a €1500 installment, you get a 3.3% annuity and not 5.5%. At 5.5%, it would be €2100 per month (calculated with 1.8% interest) and a term of about 15 years. I consider that unrealistic given your salary. I would even closely check if you still have a few cents left with the savings rate. Otherwise, it will be difficult since you still have to save something on the side (car, vacation, repairs, etc.).

If you can really manage the €1500 installment, then your calculation is correct. However, usually a few euros for additional costs are added, which are generally higher for a house.

Have you ever kept a household budget book and documented your expenses over months?

Spending around ~3,000 euros every month is quite a lot. It feels like there should still be about 500 euros that can be saved.