emer
2013-07-17 09:05:26
- #1
As far as the current supply and demand of loans are concerned, having such a high amount of equity is no longer really an advantage. Just as a side note.
In general, the idea should be further developed, as has already been done with family planning.
Not working for 3 years usually means: full net income for 2 months after birth, then half of the parental allowance for 20 months, and from month 23, ZERO (at least parental allowance). It should also be noted that parental allowance is tax-free in terms of progression.
That means the installment would then (if the full €300,000 is used as equity) have to be covered by one salary. With a child (+€184 child benefit), that is just under €3,400 per month. Whether the difference will be compensated by salary increases is up in the air.
And then come the funny kindergarten fees. But those vary regionally as much as the weather conditions on Earth and Mars. For example, we pay €460 per month (3 days until 2 p.m. and 2 days until 4 p.m. – so not even full day). And the pickup times only work because I work a 34-hour week, my wife works a 35-hour week, grandma can pick her up sometimes, and my wife works 5 minutes away from the kindergarten. Possibly a new/larger car as well.
A child really turns life upside down :)
In general, if you still want to have paid off the loan in this life, you can expect about €500 per €100,000 loan per month. Plus the corresponding housing and living ancillary costs.
For the size of the plot, a gardener is recommended :)
I assume that with this plot size, you probably won’t build a “mere” 150 sqm house.
If you actually want/need to take out more than €300,000 loan (which I assume), I would wait for your (your) income situation.
The conditions are excellent and the current situation as well. But it also has to fit with the family, and you shouldn’t close your eyes to that. And with such an obligation, primarily to the family and then to the bank, such numbers can (even if your income is very good) quickly fade – depending on lifestyle.
I definitely don’t want to talk you out of anything, everyone as they want and can.
Maybe it makes sense to calculate your fixed costs. Telephone, insurance, etc. — that is, the monthly basic costs excluding cold rent.
Then perhaps the average costs of the last few months for food, drink, hygiene, gasoline. Then things like clothes, a new camera now and then, gifts. Also the savings.
What is left over then remains for loan repayment or to calculate the possible loan amount.
But you shouldn’t fully exploit that either, because expenses are rarely cheaper than those calculated on paper.
Then see how the situation with the child looks or could look. So: income losses, additional costs, duration.
Have fun :)
In general, the idea should be further developed, as has already been done with family planning.
Not working for 3 years usually means: full net income for 2 months after birth, then half of the parental allowance for 20 months, and from month 23, ZERO (at least parental allowance). It should also be noted that parental allowance is tax-free in terms of progression.
That means the installment would then (if the full €300,000 is used as equity) have to be covered by one salary. With a child (+€184 child benefit), that is just under €3,400 per month. Whether the difference will be compensated by salary increases is up in the air.
And then come the funny kindergarten fees. But those vary regionally as much as the weather conditions on Earth and Mars. For example, we pay €460 per month (3 days until 2 p.m. and 2 days until 4 p.m. – so not even full day). And the pickup times only work because I work a 34-hour week, my wife works a 35-hour week, grandma can pick her up sometimes, and my wife works 5 minutes away from the kindergarten. Possibly a new/larger car as well.
A child really turns life upside down :)
In general, if you still want to have paid off the loan in this life, you can expect about €500 per €100,000 loan per month. Plus the corresponding housing and living ancillary costs.
For the size of the plot, a gardener is recommended :)
I assume that with this plot size, you probably won’t build a “mere” 150 sqm house.
If you actually want/need to take out more than €300,000 loan (which I assume), I would wait for your (your) income situation.
The conditions are excellent and the current situation as well. But it also has to fit with the family, and you shouldn’t close your eyes to that. And with such an obligation, primarily to the family and then to the bank, such numbers can (even if your income is very good) quickly fade – depending on lifestyle.
I definitely don’t want to talk you out of anything, everyone as they want and can.
Maybe it makes sense to calculate your fixed costs. Telephone, insurance, etc. — that is, the monthly basic costs excluding cold rent.
Then perhaps the average costs of the last few months for food, drink, hygiene, gasoline. Then things like clothes, a new camera now and then, gifts. Also the savings.
What is left over then remains for loan repayment or to calculate the possible loan amount.
But you shouldn’t fully exploit that either, because expenses are rarely cheaper than those calculated on paper.
Then see how the situation with the child looks or could look. So: income losses, additional costs, duration.
Have fun :)