Maximum construction financing based on income

total 4. 2E + 2K. Actually it would be 4k net, but company car consumes 500€. Which formula do you use for calculation? 110x net salary? 2nd adult will eventually do a 450€ side job when Corona is over. For more, the 5th tax class is not good enough...

Roughly calculated.

The banks calculate around 350 euros per 100000 for a normal financing.

In 2014, fixed costs without financing were about 1600 euros for 2 people.

The total must not exceed your net income.

Then I have often read a maximum of 40% of your salary for financing. Whereas with 10000 net enough remains, with 2000 it looks different.

total 4. 2 adults + 2 children. Actually, it would be 4k net, but the company car consumes 500€. Which formula do you use? 110x net salary? The second adult will at some point, when Corona is over, do a 450€ side job. For more, tax class 5 is not good enough...

Get a cheaper company car? At 500€ you certainly aren't driving a Kia.

I would not recommend that with 3,5k net, but when I had my first bank meeting back then, my numbers were in a similar range, slightly better. The advantage of your situation is that you already have all losses from parental leave etc. accounted for. So financially, things are more likely to improve.

When and in what amount will the second income be back?
Will the first income increase again soon?
Can you do anything about the 500€ company car costs and cut them in half?

So you will find banks that will do it, but it is not healthy.
The next can of worms that will probably be opened later—one that I will open—is: Is 515,000€ enough for the entire house? Can you also afford the "Muskelhypothek"? You have to buy materials. That costs a lot of money. A company car doesn’t sound like you are a craftsman. But enough guessing. First, it’s your move again.

total 4. 2 adults + 2 kids. Actually, it would be 4k net, but the company car eats up 500€.
Which formula are you using to calculate? 110x net salary?
The 2nd adult will eventually do a 450€ side job once Corona is over. The 5th tax bracket isn’t good enough for more...

I would give up the company car and privately get a cheap used one.
The car is way too expensive for you.

As your wife, I would go for tax class 4 and take up a job subject to social security contributions. From many points of view, that is better advised.

Why should he give up the company car? I would rather advise choosing a hybrid, as the taxation then drops to 0.5%.
However, my employer, for example, does not agree to that, so I have to tax my diesel at 1% The construction service description.
The pure maintenance would be 300-350€ per month for a private vehicle for me. I have not yet paid a purchase price.

How much longer does parental leave last?
What are your current expenses/savings rates?

In principle, a bank will do that because the KFW loan goes into second rank and the bank values the amount from the first rank as equity. My last offer with almost the same financing amount was 1.15% with a 20-year fixed interest period.