Maximum construction financing based on income

500 € net is about 1,000 € gross... Why drive a 100,000 € car??

500 € net is about 1,000 € gross... Why drive a 100,000 € car??

Counter question: Why not? Just stray from the construction forum into the... let's say G05 forum... and ask people for their opinion. It’s a matter of personal preferences. For example, I would rather take cheaper vacations than give up a luxury-class car. People in the travel forum would surely see that differently...

Then I often read a maximum of 40% of your salary for financing. Although with 10,000 net, there is enough left over, with 2,000 it looks different.

But 40% is already the absolute maximum for ALL housing-related costs, not just financing. That also includes additional costs, and actually also the maintenance reserve. With an above-average household income, a slight exceedance can still be acceptable, since the remaining 55%-60% in absolute euros still amount to 3,500, 4,000 euros, or more. The general rule of thumb is 30%-33% of the budget for housing.

Otherwise, rather than calculating 110*household income, it is better to calculate with 100. Ultimately, nowadays there are enough calculators available online. Check the targeted loan amount in a calculator and look at the scenarios up to repayment. When will you be done? Is 25 years with fixed interest feasible? Or do you want/have to take more risk regarding the terms? What does that mean for your household? Calculate all components roughly in today's euros once, and you will know what is workable.

total 4. 2E + 2K. Actually, it would be 4k net, but the company car eats up €500.
According to which formula do you calculate? 110x net salary?
The 2nd adult will at some point, when Corona is over, do a €450 side job. The 5th tax class is not good enough for more...

Hello, the income does not match the loan. Muscle mortgage? That means construction. And at the latest when something needs to be refinanced here, it’s over.

Counterquestion: Why not?
Just stray from the construction forum to .. let's say the G05 forum .. and ask people for their opinion.
It's a matter of personal preference.
For example, I would rather go on a cheaper vacation than give up a premium-class car.
People in the travel forum would surely see that differently ..

Yes, but we are talking about the household budget here - these are rather sober figures. What you are describing is more (luxury) consumption and hobby, and thus a different position in the household ledger. All components just have to fit together. For G05, travel, AND a stylish new house, a corresponding budget is necessary, or else a prioritization..

For an initial assessment, some financial consulting companies also offer online calculators. There you can experiment a bit either with which amount appears at a realistic rate or which rate comes out for your desired loan volume. Of course, this is not a detailed calculation, but in my experience, it is not infinitely far from reality.

Best regards