Is building a house financially feasible?

They can (MHB is doing well right now), but given the current situation with the expected child, is it really necessary to pay off so much?

Is that still current with MHB? My Volksbank told me that the 30 for 15 program (last week?) has ended?

My Volksbank told me that the 30 for 15 program (last week?) has expired?

I’m not sure if the program is already finished. Then we are a few days late now.

Do you think that one can get by sufficiently with a rate of 1250,-? I have my doubts about that. With additional costs, you easily end up at 1700,-

Exactly. For parental allowance, the net salary of the previous months counts. Therefore, very often the lower salary, e.g., of the woman, is changed to the better tax class because then there is a higher net amount for calculating the parental allowance.

Isn't it already too late for the change?

do you think one can get by with a rate of 1250,-? I have my doubts about that.
With additional costs, you easily reach 1700,-

If you finance 350k€, you can manage a rate of 1250€ as interest + repayment at 4.3%. Now you can see for yourself what interest rates are offered, 1.8% => 2.5% repayment, etc.

What do the two currently have left over, how much do they pay for rent? The bank makes its household calculation, but your own needs can differ significantly – and after all, that is the amount you have to live on.

So I think 350k is already a lot in this constellation. Let's assume the woman will only work part-time after parental leave. Then they have about 3.7k including child benefit per month (maybe a bit more with a change in tax class). I find a 1250 rate OK for 350k. But that would mean 2.5k for living expenses per month. That's doable. However, I would only feel comfortable with that if there are still 13th monthly salaries or bonuses (of course these won’t be paid this year, but in the long term there is at least the prospect of slightly higher income). But it’s a matter of taste. Maybe they are also very frugal if most of the equity capital was really saved up and only 50k was inherited.

Furthermore, lower construction costs of 50k are certainly possible. Then only 300 would have to be financed and the monthly rate could perhaps be lowered a bit.