New rate twice as high - experiences

So I don’t really understand the purpose of this thread. You want opinions on your finances, but the notary appointment is next week, meaning you’re going through with it anyway. I think you know the general recommendation of 25-30% of net income and that’s what’s giving you these stomach aches now. You also describe this in your other house-buying thread. Basically, the decision has already been made, and you can clearly tell you feel personally attacked when someone expresses concerns here. In the end, of course, it’s your decision, but I think what’s trying to be said here is that the house currently makes you "house-poor" in fact, and you’ll have to severely limit your life for this house. With a child, that’s not really great, and you should weigh carefully if that’s what you want. Sure, you can get out again if necessary, but the money for additional costs etc. is gone, and house prices only go one way right now... Personally, I wouldn’t do it like that, but since you already have it set, then just go ahead with stomach aches. I really honestly hope it goes well and you manage it!

Feeling attacked is a bit exaggerated...

The purpose of the thread... Just to gather opinions that go beyond the usual horizon...

I’ll just claim you didn’t read the thread. Because we don’t have to restrict ourselves at all. I have actually repeated that a dozen times. We keep our standard of living. We just save 500-600€ per month instead of 1100€ / month for the first 3-4 years.
That means the ETF portfolio rests for now (usually 400€/month)
And the extra account (for emergencies etc., the known salary buffer etc.) will only get 500€ per month instead of 600€. THAT is the only difference from now. If that means restriction to you/you all, okay. But then I really don’t want to know how people must feel who can’t save and don’t have 1200-1300€/month available for groceries etc.

Maybe it comes across as if I’m feeling attacked because I always have to straighten out the statements here?

Honestly, “house-poor” – I have never heard the term :) Maybe that’s a good thing :)
What does it mean? I strip myself down to my last shirt to move into a house that maybe will swallow a lot of money and I won’t know how to make ends meet?


No no. The financing(s) are completely covered down to zero. No additional financing needed etc.
Both times there’s a 15-year fixed term which then goes into a building savings contract until zero is reached. And before anyone asks, yes, we’ll be done before retirement :)

edit:
House-poor. I Googled it.
That confirms my opinion, you at best skimmed the thread.

We still have equity of about 30,000€
No additional debts or outstanding loans.
The second car is paid off with a value of 27,000€
If no major differences between calculation and reality happen regarding renovation, there will be another good 10,000€ left over.

If that means house-poor...

But I do understand everyone... of course, it reads like I always want to justify myself and feel attacked...
I could now just let it all fade away and stop responding... but I don’t think that’s the right thing.
If "untruths" are written, it will be allowed to react to them. It just always looks like you’re pissed off then.

Both times there is a 15-year commitment, which then transitions into a building savings contract until the zero balance is reached. And before anyone asks, yes, we'll be done before retirement :)

In order for them to be able to redeem at the end of the 15 years, you also have to save until the allocation maturity. Had you already taken that into account? You probably had already written that somewhere and I overlooked it.

In order to be able to redeem them after 15 years, you have to keep paying into them until they reach allocation maturity. Had you already factored that in?
You probably had already written that somewhere and I missed it.

We pay one loan installment and one building society installment. After 15 years, no more loan installment but only one building society installment. The building society installment then until the end.
I hope that clarifies it understandably.
That should really be it on the subject of the loan now :-)

We pay one installment for the loan and one installment for the building savings contract. After 15 years, no more loan installments but only one installment for the building savings contract. The building savings installment then until the end. I hope this clarifies things understandably. But that should really be it on the topic of loans now :)

oh, I think I understand – is it one of those constructs where you have taken out a building savings contract for the full amount and pre-financed it? And the loan with the collateral swap is then a full repayment loan? Then you are also well protected against future interest rate risk.

Exactly. No unpleasant surprises are to be expected from the financing side.

The development is pretty crazy, I checked today. cumulatively (incl kfw) I repay 4.61% and have an interest rate of 0.63%. In 7-7.5 years I will have to see how the situation develops.