Planning our home financing

That would be at a rate of 1,500 euros for the plot of land. As soon as the construction project begins, I would include the land in the overall financing. Otherwise, there could be problems with the ranks of the land charge in the land register. If I’m not mistaken, what I have paid off on the land until then plus the additional available money should constitute my equity.

We have thought about that too. During parental leave, I would be entitled to parental allowance of 1,800 euros (children are planned only in a few years). Since I mainly work from home, part-time (around 60%) is also quite possible. My husband also works a lot from home. As a civil servant with a family allowance and child benefit, the daycare places can also be paid for well. The parents also live locally.
Basically, the overall financing should be calculated with an income of only 4,000 euros. In good years, we will then make special repayments. I do not want to go part-time for a long time.

I hope to manage the financing with a 1,200 euro installment. But I still have to calculate that in detail once the offers are available.

I then have equity of 47,000 euros. Nearly 20,000 euros paid-off land (if interest is not too high) plus 27,000 euros in cash. Both calculated assuming that at the beginning I only contribute the ancillary costs of the land. Nearly 70,000 euros remaining debt from the loan must then be incorporated again into the new total financing, I would have 27,000 euros as a cash buffer. So loan: 70,000 + 250,000 + 40,000 minus parts of the cash assets.

As I said, according to my calculation.

Dear HilfeHilfe, unfortunately wrong, the equity used in variable financing is available over the newly financed funds and in the long-term variant I can also agree when applying for financing and securing to have funds from the loans transferred to my account, e.g. for purchasing materials with own funds or payments to construction helpers, etc.

Missing financial resources should also not be a problem, since one should build in a buffer anyway, if considered sensible and necessary, possibly even so that free funds do not have to be withdrawn if the buffer is not needed.

If I create an overall concept, it does not matter regarding the buffer whether I hold cash or not. Overall, I create a cost plan and deduct the funds to be used or repaid funds and build a buffer on the calculated requirement and liquidity can be managed in consultation with the respective bank.