Madness or feasible? :-)

No, compound interest works for you and not against you.

You live up to your nickname - I am currently completely stuck? In what way?

You live up to your nickname - I'm currently completely lost? In what way?

Because the interest portion in the installment decreases over the term. You always pay interest on the outstanding balance, which hopefully decreases thanks to the repayment.

Thanks for the tip. I simply assumed a 30-year fixed interest period. About 28 years of repayment (without special payments, just the rate). I would pay about 130,000 euros in interest (interest rate 2.29 according to Immo). That would come to around €380/month for interest by then. That is of course significantly cheaper than the cold rent. Even if I play perfectionist and add the now necessary costs for 2 term life insurances.

Do the numbers actually come from a bank, a financial broker, or just from an online "calculator"?

That is of course significantly cheaper than the cold rent

Cold rent is not equal to loan installments. As you have already recognized, there is also:

Maintenance reserves at €2-3. So about 400 (140 m²), that would be €1800 for the house.

added. Then one must not forget that the additional costs for a house are often higher than €220.

Currently we pay cold rent €780 and €220 additional costs

How big is the house?

Because the interest portion in the installment decreases over the term. Interest is always paid on the remaining debt, which hopefully decreases thanks to amortization

Oh, right! Now I understand. I always thought the interest costs were fixed, but if I make special repayments, I pay less interest than originally thought. That's why high amortization, if possible.

@Caspar I have calculated this using the ImmobilienScout24 financing calculator. Just as a first idea before I initiate everything.

We don’t live in a house, but in an apartment in a two-family house.

You should actually get the loan.

You should first thoroughly familiarize yourself with how financing works....apparently you don’t seem to know much about it yet.

I think in your situation it’s totally doable to buy the house and I would do it.

But you can’t just compare all of that so easily....

If you live in a cheap apartment for the next 20 years and everything is great there, of course you’re better off like that.

But if the rent is raised, stupid neighbors move in upstairs, or you get evicted, it looks different. None of us have a crystal ball and owning your own property is something many people simply like to do....

With a child you probably didn’t make a list of what it costs you less if you don’t have one....I’ll put it provocatively like that now.