SoL
2023-01-04 13:39:42
- #1
Since when can you withdraw Wohnriester annually from the contract and use it for an early repayment? I don’t know that structure yet. If it works, I’ll be the first to do it.
What kind of salary increase is that? Family allowance? In any case, the €1,000 per month will kick you out of the subsidy because you would then be over €80,000/year. It’s nice that after 4 pages we finally clarified that.
But okay, let’s calculate with your numbers:
1,700 + 1,000 + 500 + 800 = €4,000.
Looks good at first, now let’s first deduct something for the twins, say €800.
4,000 - €800 = €3,200
Then let’s consider that a single-family house for 5 people will have higher additional costs than the apartment you currently live in. Let’s say another €200.
3,200 - €200 = €3,000
If you put these €3,000 fully into the annuity (which no bank will accept with an income of €6,000), you’d end up with a budget of €600,000 at 4% interest and 2% amortization, which your house, land, garden, incidental construction costs, etc., may cost. Calculate for yourself whether that is enough for your single-family house project. I suspect not.
Not considered is that you apparently have lived very well so far and presumably don’t want/can’t change that overnight.
Again: Without equity, I would look for a terraced middle house or a condominium in your place. At the moment, I don’t see a single-family house for you.
From April I have a surplus of €1,700 and after the birth of our twins, there will be an additional €1,000 salary increase + child benefit of €500. If I add our cold rent of €800, I have a decent monthly income to realize financing without equity, right?
What kind of salary increase is that? Family allowance? In any case, the €1,000 per month will kick you out of the subsidy because you would then be over €80,000/year. It’s nice that after 4 pages we finally clarified that.
But okay, let’s calculate with your numbers:
1,700 + 1,000 + 500 + 800 = €4,000.
Looks good at first, now let’s first deduct something for the twins, say €800.
4,000 - €800 = €3,200
Then let’s consider that a single-family house for 5 people will have higher additional costs than the apartment you currently live in. Let’s say another €200.
3,200 - €200 = €3,000
If you put these €3,000 fully into the annuity (which no bank will accept with an income of €6,000), you’d end up with a budget of €600,000 at 4% interest and 2% amortization, which your house, land, garden, incidental construction costs, etc., may cost. Calculate for yourself whether that is enough for your single-family house project. I suspect not.
Not considered is that you apparently have lived very well so far and presumably don’t want/can’t change that overnight.
Again: Without equity, I would look for a terraced middle house or a condominium in your place. At the moment, I don’t see a single-family house for you.