Hausbauer93
2019-08-23 18:45:50
- #1
Hello everyone,
briefly about the current situation:
- Me, male, 26 years old, electrical engineer with permanent employment and a net income of 2,200 (regular increases)
- my partner, 23 years old, nurse in the emergency room of a university hospital with permanent employment and a net income of 2,100 (regular increases)
- children planned 1-2, but not for another 4-5 years
- together currently about 4,300 net
- currently living with my parents in a small granny flat and only paying low additional costs
- monthly expenses about 1,400 euros
- equity currently about 85,000 euros
now about the wish:
- plot of land in Saarland or neighboring West Palatinate (400-500 sqm basically sufficient for us)
- single-family house, solid construction, 1.5 stories, without basement, nothing special, about 150-160 sqm
- monthly payment of 1,200-1,300 euros => realistic???
current status:
- we have been at the company Spektral and have prepared a preliminary cost estimate with approximate prices:
* 268,000 euros = house 162 sqm, turnkey (except floor and wall coverings) as KfW 55
* 10,000 euros = house connections
* 15,000 euros = floor and wall coverings
* 15,000 euros = outdoor facilities (at first nothing special => mostly probably done by ourselves)
* 15,000 euros = buffer for earthworks, foundation special features, unforeseen expenses
* kitchen and furniture mostly available
=> total therefore almost 330,000 euros
- we are currently searching for a plot of land. Here we actually want to stay below/around 80,000 euros including additional costs
- equity as mentioned 85,000 euros, although I would only like to use 60,000 euros here
=> so this makes a loan amount of about 350,000 euros => realistic???
So far we have been with the Sparkasse and Bank1Saar (Volksbank). The Volksbank now initially had the better offer as follows:
* KfW 153 loan over 30 years: 100,000 euros at 0.75% for 10 years with a rate of 319.83 euros and a residual debt of 71,258.19
* KfW 124 loan over 25 years: 50,000 euros at 0.75% for 10 years with a rate of 189.76 euros and a residual debt of 32,295.70
* bank loan over 10 years: 200,000 euros at 1.17% for 10 years with a rate of 700 euros and a residual debt of 135,745.69
=> an interest rate fixed for 15 years is offered at 1.57%
=> after 10 years results in a residual debt of about 240,000 euros
Now I unfortunately have little experience or knowledge regarding financing, etc.
- Does financing in this form make sense?
- What could be changed/improved?
- Which banks can I still approach?
- Is it better to choose a longer fixed interest rate for the bank loan?
I would be very grateful for any opinion or tip here.
Thanks and best regards!
briefly about the current situation:
- Me, male, 26 years old, electrical engineer with permanent employment and a net income of 2,200 (regular increases)
- my partner, 23 years old, nurse in the emergency room of a university hospital with permanent employment and a net income of 2,100 (regular increases)
- children planned 1-2, but not for another 4-5 years
- together currently about 4,300 net
- currently living with my parents in a small granny flat and only paying low additional costs
- monthly expenses about 1,400 euros
- equity currently about 85,000 euros
now about the wish:
- plot of land in Saarland or neighboring West Palatinate (400-500 sqm basically sufficient for us)
- single-family house, solid construction, 1.5 stories, without basement, nothing special, about 150-160 sqm
- monthly payment of 1,200-1,300 euros => realistic???
current status:
- we have been at the company Spektral and have prepared a preliminary cost estimate with approximate prices:
* 268,000 euros = house 162 sqm, turnkey (except floor and wall coverings) as KfW 55
* 10,000 euros = house connections
* 15,000 euros = floor and wall coverings
* 15,000 euros = outdoor facilities (at first nothing special => mostly probably done by ourselves)
* 15,000 euros = buffer for earthworks, foundation special features, unforeseen expenses
* kitchen and furniture mostly available
=> total therefore almost 330,000 euros
- we are currently searching for a plot of land. Here we actually want to stay below/around 80,000 euros including additional costs
- equity as mentioned 85,000 euros, although I would only like to use 60,000 euros here
=> so this makes a loan amount of about 350,000 euros => realistic???
So far we have been with the Sparkasse and Bank1Saar (Volksbank). The Volksbank now initially had the better offer as follows:
* KfW 153 loan over 30 years: 100,000 euros at 0.75% for 10 years with a rate of 319.83 euros and a residual debt of 71,258.19
* KfW 124 loan over 25 years: 50,000 euros at 0.75% for 10 years with a rate of 189.76 euros and a residual debt of 32,295.70
* bank loan over 10 years: 200,000 euros at 1.17% for 10 years with a rate of 700 euros and a residual debt of 135,745.69
=> an interest rate fixed for 15 years is offered at 1.57%
=> after 10 years results in a residual debt of about 240,000 euros
Now I unfortunately have little experience or knowledge regarding financing, etc.
- Does financing in this form make sense?
- What could be changed/improved?
- Which banks can I still approach?
- Is it better to choose a longer fixed interest rate for the bank loan?
I would be very grateful for any opinion or tip here.
Thanks and best regards!