Is serious construction financing possible?

Hello,
I am 30 years old and a civil servant by profession. I currently earn about €3,000 net per month. In addition, there is an annual special payment of about €900 net. My salary will increase to about €3,700 net per month by the time I retire.

I recently inherited a plot of land worth about €250,000. I would like to build a single-family house on this land.

The costs for the house amount to about €300,000 including incidental costs. Besides the already mentioned land, I have about €10,000 in equity.

Currently, I am planning for pure loan costs of €1,000 per month. Other expenses I currently have are about €400 for the car (loan, insurance, taxes, repairs, diesel), €40 for the mobile phone, €150 for insurances, and an estimated €350 for food, etc.

Is this financing feasible or reasonable?

Hello with 3k net, 300k should be feasible. Not married, children, etc?

Yes, exactly! No children and not married.

I would calculate 1000 € - 1200 € per month. The loan-to-value ratio is very good due to the high value of the property, and thus the expected interest rates are favorable. Even with a 3% repayment, ~4.8% annuity (repayment + interest) over 15 years is conceivable (of course, you only know the exact figures once you have an offer from a bank).

Hello,

that is definitely doable and sounds reasonable or is a good approach. Although also doable, I would choose a higher rate if you see an effective interest rate of 2.05% for a 20-year term, then I would choose that, it results in around €1,450.00 but finished by 50 and at a reasonable rate. Otherwise, one can only wish you good luck and fun with it and a nice time in the house.

Thank you very much for your answers. I will now start obtaining offers from various banks. Do the banks also help with the [Kfw Förderprogrammen] or do I have to handle that separately on my own?