Is financing even possible?

Hello dear forum,
I have a question for you.
We would like to buy a house that should cost around 200,000 Euros, plus additional costs.
My husband earns about 2,500 Euros net plus holiday and Christmas bonuses. We have two small children and also receive 380 Euros in child benefits. I have a mini-job, which is not secure, so we prefer not to count on that money.
We currently have equity of 25,000 Euros. We have saved this over the last two years because we are frugal with our expenses and have set ourselves the goal of saving as much equity as possible.
We live in a three-room apartment, and space is slowly becoming tight with the children.
Would financing be possible in our situation, or is the total income or equity too low?
Thank you in advance for your opinions.

Hello, I would look for a real job ...if your husband is unable to work due to illness or accident..can you cover the loan with your salary? otherwise, you will quickly become a social case...which none of us want ...good luck

Thank you for the response. Unfortunately, our children are not yet in kindergarten because we have not received a place yet. Once the two are in kindergarten, I will definitely go to work.

Our financing practically depends on just one income...

According to the numbers, you need a loan of 200,000 euros. With an annuity of 5%, this results in a monthly payment of 833 euros. That also happens to be 10,000 euros per year, and you have saved 25,000 euros in two years (that is practically the sum of the deposits, since there is no interest, right?).

I wouldn’t say it’s not possible... Your bank will tell you more precisely.

How much rent do you pay today (cold/warm)?

We pay 500 euros cold rent, with heating it is then around 750 euros.
That would then also be eliminated with the financing.

Child benefit does not need to be considered in this context, as it is spent on the children. Your equity would be completely eaten up by the ancillary costs (if you don’t even need an additional 5,000-10,000). The loan of 200,000 for the house would cost you €750 per month with a 20-year fixed interest rate and 2% repayment, 2.5% interest. In addition, consumption costs (heating, electricity, water, insurance, etc.) amount to approximately €400/month. That leaves €1,350 from the €2,500. That could just be enough for living. Complete furnishing (kitchen, all furniture) is available? There is absolutely nothing to do to the house in the first 5 years?

Since there is no buffer for contingencies, I find the project too risky. The usual options: 1. Keep saving until you have €40,000-50,000 equity 2. Choose a house that costs only €175,000 and still does not require renovation