What can we afford? Young family homeownership. (Bavaria)

we don't know your conditions at all. Finished already, or still at the beginning and the big bang is yet to come? Or the 380k€ house stands on a 500k€ plot that you got as a gift? Maybe a bit older already and in 10 years you saved or inherited 200k€ equity? Often there is also a rented condo that is gladly omitted... etc. tell us.

Sorry, but with this financing you should currently not give any advice. It is mega risky and not exemplary. I hope for you that it goes well, but you should only speak up with advice in about 10-15 years at the earliest, when you can really see whether it can work out and at what price, and I do not only mean the monetary amount that the loan costs you, but also all the restrictions associated with it. The financing certainly does not sound healthy.. Toitoitoi

See, there you have it, living rent-free, an apartment speaks for a city, so you don’t urgently need a car.. etc.. A house in the countryside without security is a completely different ballgame, no matter if you have the same net income.

It is a new apartment. I am not inheriting anything. Equity 40k€, financing 200k€ via L-Bank at 0.00%, the rest through an annuity loan and a home savings contract. My husband already owns a condominium that is actually paid off. We currently still live in it. However, we do not include the income. We lived on the second year of parental leave of 1700€ plus 200€ child benefit. It went great! Before that, we also spent quite a bit "because we live rent-free" but it was good - with a child everything changes anyway. In 28 years the apartment will be paid off if everything goes according to plan.