Savings beginner with questions about the plausibility of the "rough" plan

Whoops!
See?! Paying rent is already so deeply ingrained in me...

So, considering this great fact that the rent is of course eliminated, something could come out of it.

But now equity capital is needed. The emergency fund and the bonuses will now be tapped. Let's see what comes of it.

The goal is now equity capital amounting to 100K.
Then the calculation should hopefully work out...

We bought a lot second-hand or received it as gifts from relatives – which by the way isn’t necessarily the worst thing in terms of pollutants.

By the way, your child can’t remember whether they had the used stroller from Ebay or the brand-new off-road model with Isofix and diamonds... that’s all YOUR ego.

My kids got a lot of toys for Christmas... where were they yesterday and today? On the sand hill behind the construction site – in my opinion, children up to 8 really don’t care how they live, as long as there’s food and they’re loved.

Good post (I so often miss the "thumbs-up emoji" here). Clothes, stroller, bike, scooter – the dear little one couldn’t care less about the brand – until school. However, an Elsa dress doesn’t count as clothing, but as a toy. OK – stupid argument. When our daughter got Elsa hats, tights, socks, shoes, ... OK, I’m stopping now.

As a keyword, I’ll just write Elsa.....

Okay, I really forgot Elsa but my wife, for example, sewed a costume for carnival herself.

But now enough with Elsa – otherwise there’ll be another reprimand that the thread is being overtalked.

I need to ask again...

I am currently working on a construction financing calculator and want to try out various models.
But somehow, I feel like I am forgetting something or doing something wrong.

So, if we assume that the total amount to be raised is 470k, with 400K for the house, 30K for taxes/fees, 40K for additional construction costs (kitchen, garden, etc.), and I bring in, for example, 70K as equity, how exactly do I have to enter that?
For the loan amount, I should enter the value I ultimately want to borrow, i.e., 400K.
But I would certainly also take out the 50K from KFW (1.85%).
So I also subtract these 50K from the 400K. That leaves 350K in the field "loan amount."

What value do I now have to enter in the field "value/purchase price of the property"?
The 400K? Or the 440K (after conversion/expansion of the house)? Or even the 470K, because the fees/taxes also increase the "value"?

So far, it would look like this:



About 180 EUR for the 50K from KfW would be added to that.

Is that correct?

400K house, 30K taxes/fees, 40K incidental construction costs (kitchen, garden, etc)

Just for your information: The calculation consists of land + purchase incidental costs house construction + special equipment incidental construction costs outdoor facilities (garden layout, paving) furniture (e.g. lamps, kitchen) Purchase incidental costs and furniture are often not financeable. Regarding the online calculators: make two appointments in January with an independent financial advisor and with your house bank. You now have guidance and good ideas

... to get numbers, it really doesn't matter at first whether you split the 400 thousand between one bank or two lenders. KfW is possibly a bit cheaper, okay, but accounts for the smaller part. Then you'll just have a small plus afterwards, meaning a slightly lower installment. You also don't calculate down to the last 20 here.

Total loan and total house value are just reference values for the calculator, with whose help it calculates the approximate interest rate.

More precise calculations can only be done with a real calculation scheme, preferably built in Excel. And, of course, with real offers. Because when playing with the values, you'll find that even a 0.2% interest difference leads to very measurable differences in higher or lower installments.

You are right. I am definitely much smarter than a few days ago and I thank you for that. It is of course still a very long way... But waiting 2-3 years and saving equity is the best option at the moment. Nevertheless, I will soon obtain some offers and compare them side by side. Let's see to what extent they will differ from my current ideas. Best regards and thanks again to all!