Shortly before the completion of the financing

Dear community,

as a diligent reader of this forum, I have come across many discussions about how much money one should invest in a house. We are about to finalize a financing, as we have finally found a plot of land after looong searching :D

Since we (both 29) do not have children yet, but the first is planned in about 2-3 years and probably a second one will follow, we find it difficult to assess how much financial burden is still "healthy". I have attached our plan with the scenarios we have considered as a PDF and am very interested in your opinion/assessment.

Basically, we have excluded all premiums for the monthly burdens, as well as the quite certain salary increases (2% p.a. is the rule without a career jump) of the next few years.

Thank you very much and best regards, Sascha

With what? Is there a project? €2300 available, about €500,000 financeable.

hello,

is the monthly income including annual bonuses and then broken down to 12 months?

With €4,600 net per month, only saving €700 (savings account / home savings contract) I find too little. €500 for vacation is not saving :) will certainly be spent as well.

Why does your wife have less net income in the calculation full-time + 1 child? Did you change the tax classes?

The monthly income is without the annual bonuses; these are listed but not included.

That is why vacation is also listed separately, because it goes onto a "savings account," but is not used for anything else and is therefore spent.

Bonuses today go almost 100% as special payments into the savings accounts. It is only important to us not to include things like bonuses in the monthly expenses. They are simply extras.

Exactly, we would change the tax classes at the birth of the child. Currently still 4/4 so that she has the higher net income for the parental allowance.

OK

that means you have about 21k gross premiums, about 13k net

13k + 8.4k monthly savings = 21.5k savings per year. I would say very decent.

Now the exciting question, how much equity do you have now :-)

We have €70,000 equity that we can now invest in the house. Last year we invested almost €25k in our wedding plus honeymoon :) It should also be said that we have earned this good salary over the past few years, so on average we had about €10,000 gross less per year, meaning subtract €10,000 per year each.