Hagiman2000
2016-01-10 14:15:12
- #1
Hello,
My wife and I plan to buy a house. We currently have a new build in sight for 295,000 EUR, with all special requests for 320,000 EUR.
Income is as follows:
My salary: 1600 EUR (actually 1700 EUR but the company pension scheme is deducted directly from the gross amount).
Her salary: 2000 EUR
Child benefit: 200 EUR
Equity is between 40,000 - 45,000 EUR (excluding 10,000-15,000 EUR which we have set aside for painting work, flooring, kitchen, furniture, etc.).
Due to my shift work, I actually always earn more than the 1600 EUR, but the bank is not interested in that and we also like to calculate with a reserve at first. In addition, she and I receive Christmas bonuses and I also get a bonus payment.
The monthly installment will be about 1100-1200 EUR (depending on the current interest rate (2% repayment, 15-year fixed interest rate).
Do you think a property of this size is financially feasible or are we biting off more than we can chew?
My wife and I plan to buy a house. We currently have a new build in sight for 295,000 EUR, with all special requests for 320,000 EUR.
Income is as follows:
My salary: 1600 EUR (actually 1700 EUR but the company pension scheme is deducted directly from the gross amount).
Her salary: 2000 EUR
Child benefit: 200 EUR
Equity is between 40,000 - 45,000 EUR (excluding 10,000-15,000 EUR which we have set aside for painting work, flooring, kitchen, furniture, etc.).
Due to my shift work, I actually always earn more than the 1600 EUR, but the bank is not interested in that and we also like to calculate with a reserve at first. In addition, she and I receive Christmas bonuses and I also get a bonus payment.
The monthly installment will be about 1100-1200 EUR (depending on the current interest rate (2% repayment, 15-year fixed interest rate).
Do you think a property of this size is financially feasible or are we biting off more than we can chew?