Is financing feasible or are we overextending ourselves?

If you want to calculate a 20% safety margin on every position without having a heart attack, then that's correct. Otherwise, not. Do it. 20Y 1.5% with €1500 installment results in 2.7% repayment. Remaining debt €160K. Zero problemo

Hello, and where is the savings rate for things that come up unexpectedly?? 1,500€ with what repayment? 2%? You do know about the high remaining debt, right? Have you managed to save any equity so far?

We sat down with our finance guy about 4 months ago to check the plan. At that time, we ended up with a 10 or 15 year fixed interest period at 1.7% and a 1250 Euro rate. I had thought of the 250 Euro difference for a building savings contract or something like that. But from what I’ve read, interest rates are currently that low even for a 20 year fixed period.
The 1250 Euros would have been a 2% repayment. I can check again or I will go to the bank in 2 weeks when I have all the offers and know what it will cost.

Before the birth of our daughter, we were able to save 1400 Euros with the same salary (with 600 Euro rent) and still live comfortably.

Basically doable, but it would be too tight for me. The question is also whether you want or already have children?

Already have. 2 or 3 are planned in the end. The calculation above includes my wife’s reduced salary on 35 hours and a second car due to commuting. She is supposed to find work closer in the future so that we no longer need a second car. But the calculation must also work as it is.

If you want to add a 20% safety margin to every position without having a heart attack, then that's correct. Otherwise, not. Do it. 20Y 1.5% with €1500 installment results in 2.7% repayment. Remaining debt €160K. No problem

Thank you for the lively participation! Would there be anything against taking the repayment at 2% with 20Y for example and 1.5%? That way the installment would be lower and the situation a bit more relaxed?

The higher remaining debt speaks against it. 2% is the minimum. More is better

Car 1 350 euros
Car 2 350 euros

What do the 350 euros refer to?

The idea is that she will eventually find work so close by that we won’t need a second car anymore. But the calculation also has to work as it is.

How do you imagine that? She cycles to work, and if the daycare or school calls, she cycles there and picks up the sick child by bike and takes them home? And then?
I mean, it’s certainly possible, but do people actually do that?

What are the €350 referring to? How do you imagine that? She cycles to work, and if the daycare or school calls, she cycles there and brings the sick child home by bike? And then? I mean, it's certainly possible, but do people actually do that?

Not everyone drives a BMW. Our Octavia 3 is practically paid off and 4 years old. We'll keep it. Since I only have a 10 km commute, insurance and fuel are manageable. For my wife, there will be a Rapid or Fabia. The €350 refers to a small installment, insurance, fuel, and a small monthly flat rate for maintenance for the Fabia. You can get Fabias as company cars up to 2 years old for around 8-10k euros -> so about €120 installment (5 years; 0.6% interest), €65 insurance, €20 maintenance, €150 diesel = roughly €355. As I said, my wife is very modest when it comes to cars. I'm still learning to limit myself. The daycare is 500m from the property, we already have a spot there. 3 out of 4 grandparents work in the same city. Do people actually do that? I don't understand the question. Do you have to have 2 cars if one can bike to work, the daycare is 500m away, and schools are 5 minutes away by city bus? I don't think so. And if the school calls, I just leave work early (flexitime) and pick up the little one. I'm only 13 minutes away by car.