Is home financing possible like this? Alternatively, save equity for a few years

But it does depend on the model. In our case, the chosen model made a difference of 300 € per month

The problem is that the installment is one thing, the total costs are a completely different story.

With DB, for example, he would have significantly lower total costs; however, probably a higher installment since the last component would already be paid off in 30 years. 20% over a full repayer for 20 years under 2% interest and the rest over TA building savings contract component for an overall effective interest rate of about 2.4%.

But you have to be able to afford that.

If you actually get the conditions you described, I would do it. Sure, the risk is there, but in my opinion, it is within a reasonable range. Of course, the prerequisite is that the house and location really suit you. However, I fear that the conditions will not be approved as is. Your example corresponds to about 2.2% interest. Realistically, in this constellation, 2.8% seems more likely, which would put the rate at around 1200. That could also become tight in the household budget. If you bring in / raise another €10,000 in equity, you will push the loan-to-value ratio below 90%, making 2.4% feasible again.

Does your wife work part-time? That can be increased again later. Then you could set the repayment higher.

Waiting, that was for many already the reason why the train had already left and the bus never came.

Waiting for what? That interest rates rise and real estate prices fall? Inflationary developments leave too many out. What will 10,000 euros be worth in 5 years? Are we interested in keeping interest rates this low? That prices do not change? Real net wage development? Borrow a little more money now cheaper and in 5 years let the money in the investment achieve a higher repayment degree? Why then borrow the money – even if less – at a higher cost?

Waiting, that was for many already the reason why the train had already left and the bus never came.

Waiting for what? For interest rates to rise and property prices to fall? Inflationary developments leave too many out. What will 10,000 euros be worth in 5 years? Are we interested in keeping interest rates that low? That prices do not change? Real net wage development? Taking out a bit more money cheaper now and letting the money achieve a higher repayment rate in the investment in 5 years? Why then take out the money – even if it’s less – more expensively?

Why? Because in that case saving for 5 years easily means 80k euros more in equity, and then the monthly payment drops significantly. And exactly that had caused the stomach pain.

You can also have special repayments accounted for in such a way that they reduce the monthly installment rather than reducing the remaining debt.