New single-family house 140 - Is it financially feasible like this?

The problem with the second child can be 'solved' by a short gap after the first. If between the first and second parental allowance periods there is only care time, the salary before the first birth is also used for the second child. Of course, not everyone wants that and it doesn't work for everyone. However, it is not only efficient for parental allowance, it also makes everything else basically done in one go. It's also great for the children; after about a year following the birth of the second child, they already have a great playmate. The initially increased effort soon pays off.

Oh okay, I didn’t know that! Thanks for the tip :) I need to look into that!

So now 4 weeks have already passed. Thank you for your answers. And through your answers I already feel a bit more comfortable, as no answer considers the plan reckless. If so, you are welcome to express criticism.

Hello dear ones,

thanks again for your input. I want to update this post again, maybe some of you are interested in the current status ;)

We did it!

We have already bought a plot of land, signed a construction contract, and will move into our own four walls in 2023!

Best regards

Hello everyone,

we need your opinion again, so I am reopening this thread.

We are currently in the process of finalizing the financing and now have 2 offers.

Financing amount is 480,000€

Offer 1:
Nominal interest rate: 1.4%
Fixed interest period: 15 years
Repayment rate: 2% (2 free changes included)
Monthly payment: 1360€
Provision-free period: 12 months
Provision interest: 0.2%/month

Offer 2:
Nominal interest rate: 1.17%
Fixed interest period: 15 years
Repayment rate: 2.5% (the bank does not allow lower)
Monthly payment: 1468€
Provision-free period: 12 months
Provision interest: 0.25%/month

Both offers allow 5% special repayments.

There are pros and cons for both offers. We tend to prefer Offer 2, but the relatively high monthly payment worries us a bit in light of parental leave for the second child.

What do you think?
We would be very happy to receive your feedback!

Offer 2 is fine.

P.S.: What luck you always have here, great salaries and dirt-cheap plots, it really makes you envious. :)