Semi-detached house (130 sqm) in South Bavaria financing

Future monthly living expenses: 3,900 euros repayment (approx. 3.7% repayment) (current rent: 1,300 euros warm in non-desired location) 500 euros operating costs 300 euros reserves for the house 700 euros food/hygiene/household 100 euros clothing 100 euros GEZ/internet/mobile phone 400 euros car including fuel and insurance (1 relatively new car) 20 euros liability insurance 250 euros childcare 300 euros vacation (not a must) 200 euros small trips/eating out 50 euros children’s courses/entrance fees ------ 6,820 euros living expenses 7,390 euros - 6,820 euros = 570 euros buffer for ETFs or special repayment

First of all: of course it is a big project for you, which is on the edge of what you can afford. But with all the information regarding quality of life and that the location is extremely important to you, I would like to add one more voice in favor of buying a house.

Reduce the repayment to 3,500. You don’t need reserves initially because of the six-figure buffer, and in the first years there should be no major repairs. Then there will be 3,390 left per month to live on. That is really not too little for a family of four.

With other questions here with 5-6,000 household income and 2k repayment, there is no general warning against it and the children’s planning is already completed.

That is cool too ... We work as proof brokers according to § 652 Baugesetzbuch. That means we do not have to be present at property viewings. It is sufficient if the interested party has access to the property.

Real estate agents. One of the jobs the world does not need.

Then there are 3,390 left monthly for living expenses.
That is really not too little for a family of four.

In other questions here with a household income of 5-6,000 and a 2k installment, it is also not generally discouraged and family planning is already completed

Well, but Munich is very expensive. There, a schnitzel does not cost 6.90 euros but often 15 euros. And that goes through everything...

But if you are frugal, then it works.

Well, Munich is very expensive. There, a schnitzel doesn't cost 6.90 euros but often around 15 euros. And that trend continues... But if you're frugal, it's manageable.

There are Aldi and similar stores in Munich as well, and hopefully it's clear that a monthly burden of more than 3 times the current rent including utilities is an adjustment. But it's doable.

Tell me, do you actually have a real offer from a bank or have you already discussed feasibility in an appointment?
Or is this all pure theory calculated by an online calculator (entered desired rate and then 3.7% repayment is shown)?
Of course, they don’t set any limits...

Even in Munich there are Aldi and the like, and hopefully it is clear that a monthly burden of more than 3 times as much as the current rent including heating is a change. But it’s possible.

With all due respect, whoever buys such a house hopefully doesn’t eat cheap meat from Aldi. And butchers are certainly more expensive than elsewhere. Gym, etc. All significantly more expensive. .