Single-family house financing €950,000; loan amount €750,000, equity €200,000

My criticism is simply that in the current calculation the child already present does not appear as a cost factor, but does as an income factor (Kindergeld). And at least one more is planned, if not more. So additional costs plus loss of earnings that cannot be offset by the Kindergeld. For the purchase price, a more detailed, forward-looking calculation should definitely be made.

We don’t do that. We took our time searching and bought a house last year with a slightly higher income and one child – but not with such a loan installment. We don’t want to make the dream of owning a house possible at the expense of a relaxed life. We both experienced that with our parents. We also had to finance almost the entire studies ourselves because as children of teachers, there was no Bafög. I don’t want to put my child through that to that extent.

Of course, everything always has to be considered individually and always depends on the attitudes/values the parents convey to the child.

I myself am not yet a parent, but I see different "parenting styles" in my close environment – but here you can also clearly see financial differences. "Normal" people – however, some parents repeatedly buy their 2-year-old child new nice Nike shoes, lots of toys nobody needs, etc. The other parents invest in the stock market during the first years and are satisfied with fewer toys for their children... Of course, this can also mean that one couple can pay off a loan of 500€ more/less. This should always be taken into account and applied individually to one’s own "method."

That’s why it’s always hard to say whether the loan is too high or too low. However, the original poster gave a cost breakdown. Ultimately, forcing the original poster to use a different cost breakdown just because maybe "statistically" or personally different amounts are spent on certain things is simply wrong.

Edit: What I want to say is that the original poster knows best how much money he currently needs, since one child is already born. I assume he’s smart enough to also add those costs for the second child and knows what a 16-year-old teenager, for example, costs. However, all that is also future talk, which in my opinion doesn’t always have to be fully considered. In 10-15 years, the wife will work again, then the financial questions one asks oneself are almost over anyway.

My personal opinion remains: I would not invest that much money in the original poster’s current life phase.

If both are possible, all the better. Only if I had to choose: to enable my children to grow up in our own house with a garden now, or to hold back now (well, I don't know what the OP's current living situation is) in order to finance their studies in the distant future, if they even want to study at all, I would always choose the now. No one knows what the future holds.

Apart from that, I think it's good that you question the costs. That's why the OP is here.

So, summary: Powdering the child's bottom costs money. Whether it's the 3€ powder or the 30€ powder, everyone has to decide for themselves. And letting the student child do it themselves eventually probably has never harmed the child :P

"The Federal Statistical Office puts this into numbers: children cost 6000 euros per year until they are six years old. Between 6 and 12 years old, it is then 7000 euros, and until adulthood about 8500 euros per year. Adding it all up, it comes to around 130,000 euros per child, mind you."

That is on average 600 euros per month. Per child. Statistical average.
With 800 euros, including reserves for university studies, you are not far off.
Added to this is the loss of earnings.
"With about 130,000 euros, the parents’ loss of earnings for raising one child is to be estimated; for two children it is 175,000 euros, for three children 230,000 euros. Other calculations yield similar results. Child benefit, if received for 25 years, currently totals 55,000 euros. Other family policy benefits can by no means compensate for the financial damage."

That the sums should not be seen as exorbitant is also shown by maintenance law:
"In the case of parental separation, the Düsseldorf Table provides precise information on children’s entitlement to maintenance. It ranges from 317 euros per month in the lowest income bracket and for children aged 0 to 5 years up to 781 euros per month for high earners and children aged 18 and over."

The Federal Statistical Office has calculated 700 euros per month for teenagers excluding precautionary, insurance, and childcare costs.

Ok, now I’ll have to cry myself to sleep tonight. But yes, children are expensive, we have two.

Regarding the topic: That would be way too much money for too little income for me. I wouldn’t even think about it. And I know everyone goes crazy in Munich, but 50 km from Munich is not Munich, it’s just 50 km away. It wouldn’t be worth it for me (and basically I don’t understand what justifies these prices in Munich anyway, and yes, I have family and friends there and have been there often and I just can’t understand it).

Of course, everyone has to decide for themselves. It just wasn't included in the calculation. And when the child was six months old, we still thought everything would be easy. :) "Main thing is the house" can also mean a lot of misery. And the property prices here in the south are so absurd, price jumps at pain thresholds of €100,000 are evaluated like €10,000 in other regions.