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Thank you all for the answers. Including additional costs, the purchase amount is 400,000 euros. We would contribute 50,000 euros of equity.

Our tendency is towards an annuity loan with a 30-year fixed interest period and a rate of about 1,200 euros. We would cover 50,000 euros with KFW. Remaining debt after 10 years approx. 33,000 euros (interest 1.4%).
The remaining part (350,000 euros) would then run over the annuity loan for 30 years (interest: 2.1%). Remaining debt after 30 years approx. 50,000 euros. However, the loan includes special repayment options, so we could possibly reduce the amount.

What do you think of the offer?

Hello, your profile says 32 years. So you wouldn’t manage to pay off 350,000 by the age of 62 and would still have a remaining debt.

Is there no 30-year amortizing loan? You already have hardly any repayment in the loan.

Pressure on the income side?

Your condition is not bad if it is really a pure [Annuitätendarlehen].

Income situation (net) is actually okay in my opinion:

1. Income: 2500 euros (in the next 5 years it will increase to about 3000).

2. Income: 2500 euros. Due to family planning, it is not yet clear whether and for how long the salary will decrease and to what extent work will be done afterwards.

Since we cannot answer this question at the moment, we feel comfortable with the rate of 1200 euros. This would also be manageable in "worse" times. If money is left over, we thought about using the special repayment option or paying off KFW in 10 years.

Income situation (net) is actually okay in my opinion:

1st income: 2500 euros (in the next 5 years it will increase to about 3000).

2nd income: 2500 euros. Due to family planning, it is not yet clear whether and for how long the salary will decrease and to what extent work will be done afterwards.

Since we cannot answer this question at the moment, we feel comfortable with the rate of 1200 euros. That would also be manageable in "worse" times. If there is money left over, we thought about using the option for special repayments or paying off the KFW in 10 years.

Of course, one should not stress about the financing. The situation after the child is naturally an argument. But do an extra 150 € monthly payment over 30 years really hurt you that much? Normally, that corresponds to a one year salary increase at your incomes.

A special repayment is always a tricky issue, it has been extensively discussed here. As a psychologist, you should know this better :-9 It is nice to have such a thing in the contract, and yet there are always other reasons (especially with new builds) why it is not made....

New furniture, outdoor area, family car and so on

:) With my current salary, I wouldn’t worry. After a lot of calculations, we once figured out that the rate can be around 1300. But that would really be the pain threshold in terms of well-being. You are absolutely right about the special repayment :D; that was also our consideration; but since there will still be a considerable balance left after 30 years, we should take the chance (even if it is only in 5-10 years when the salary is stable again) or set up a savings plan from the beginning.

hm. Now you’re making me think again. For an annuity loan, we really found the offer great. Other banks are often significantly higher!

The other alternative would be with a building savings contract ([210,000 Euros]; financed in 29 years) and the rest with an annuity loan. After 15 years, however, [90,000] would still need to be secured. The rate is however [1300].

30 years at 2.1% interest is already not bad. The 30 years are also not bad given your salary (considering the desire to have children).

What I find very good is that each of you can handle the installment on your own.