Realistic financing or cost plan

It does not depend on what your bank advisor says, but on what YOU realistically can afford. The bank flat rates can only be a reference point, nothing more. Experience shows that in a large part of cases they are significantly underestimated. The real living costs (especially with children) are usually significantly higher.

I am quite aware of that, I know about my real costs. However, other users doubted that the bank would give me €300,000.

Relying on so much help from family/friends/club mates goes wrong! All work done by yourself takes significantly longer than if it is done professionally. Then 1-2 weekends quickly become 3-4. And nobody does that! Even if you now believe that you can rely on your friends, I have to tell you unfortunately that you might be disappointed by not all, but some to many! Many have their own families/hobbies and probably even more acquaintances who will at some point build and need help. Then they quickly wave it off. Or the people have no time when you need them. "Sure, I can help you with the roof structure. This weekend? Oh no, that's bad, I have to help somewhere else then. The weekend after that also doesn't work, there's a bowling trip. Then my brother-in-law has a 40th birthday and is throwing a garden party. Maybe in 4 weeks. But ask me again shortly before, then I can tell you exactly." That’s often how it goes... ;) Then you have the choice, wait 4 weeks and let the construction site sit idle hoping it will work out, or you look elsewhere for help. Looking elsewhere for help is 90% associated with significantly higher costs compared to the calculated hand money for the buddy. Stay away from relying on friends and acquaintances when building a house! That won't work!!!

I actually didn’t understand it that way. You would probably get it. The question is only whether it makes sense. A rate of €1,000 for a €300,000 loan is not excessively high, and the total amount in relation to sustainable income is, in my opinion, already quite a significant figure.

I didn’t really understand it that way. You would probably get it. The question is only whether it makes sense. A rate of €1,000 on a €300,000 loan is not excessively high, and the total amount in relation to sustainable income is, in my opinion, already quite a significant figure.

I see it the same way, with "any" bank you usually get the amount you yourself aimed for, the question is only under which conditions! I could imagine that with a rate of €1,000 and a loan amount of €300,000 the repayment is low, so that you pay it off "forever" or maybe the fixed interest period is also very short.

300,000 loan with a 1,000€ repayment. With an interest rate fixed for 20 years, at an interest rate of ~2.9% you would pay off the loan in about 45 years. How old are you? With a 15-year fixed interest rate and then ~2.5% you will be done after ~39 years. Is that enough? With a 10-year fixed interest rate and then ~2.05% you are at 35 years. With a 10-year fixed interest rate, after 10 years you have an outstanding loan of about 235,000€. If the interest rate then only rises by 2.5% to 4.5% (which really isn’t that much), you suddenly have a rate of 1,400€.

I am 26, so it would be tight. However, it cannot be my goal to work my whole life just for a house. I assume that in 5 years I will earn significantly more. In addition, by then my wife's income will be added. Of course, our expenses will also increase as the children get older.

But you have already convinced me that I need more equity and more income. Thank you for your help