mirone
2015-10-19 18:47:37
- #1
Good day everyone,
we would be very grateful for an assessment of the following financing project:
- Woman: Dipl.-Päd. (34 years old), currently not employed (parental leave), man: engineer (29 years old) at IGM company in BaWü, married, two children (2.5 years and 4 months), net salary €3380, with child benefits approx. €3750. Man currently sole earner, salary however trending upward (contractually agreed that in no later than three years > €4000 salary)
- Purchase price for terraced mid-terrace house in Rems-Murr district (20 km from Stuttgart) after negotiation at €329,000
- with incidental acquisition costs €368,808 (including broker)
- Equity capital: €50,000
- Loan: €318,808
- divided into:
€50,000 Kfw housing with children, interest 1.65%, repayment 2.7% over 10 years
€50,000 LBS-Riester with bridge financing, interest 1.8%, saving rate €138 (woman)
€50,000 LBS-Riester with bridge financing, interest 1.8%, saving rate €138 (man)
€167,808 annuity loan, interest 2.14%, repayment 2% over 20 years
(all at BW-Bank, part of the Savings Banks Association)
monthly rate: €1188
Until now, we have lived with heating costs of €700, so this is a big change for us!
We expect approx. €550 additional costs (oil, hot water, water, electricity, insurances (building, household, oil tank HPF), reserves €150, etc.) for the house (built in 1982, 200 sqm, garage + parking space, good, well-maintained condition according to self-commissioned expert, solid construction, oil heating (underfloor), windows/roof/sanitary facilities very well maintained but original condition)
According to the expert, roof windows will need to be replaced in 5 to 8 years (approx. €5000), other windows in 15 years (approx. €12,000), roof not before 20 years (approx. €16,000).
There is a granny flat on the lower floor, currently rented for €250 (tenant is a commuter due to his profession, intends to terminate according to his own statements probably mid next year)
Does all this make sense?
Thank you for your suggestions!
we would be very grateful for an assessment of the following financing project:
- Woman: Dipl.-Päd. (34 years old), currently not employed (parental leave), man: engineer (29 years old) at IGM company in BaWü, married, two children (2.5 years and 4 months), net salary €3380, with child benefits approx. €3750. Man currently sole earner, salary however trending upward (contractually agreed that in no later than three years > €4000 salary)
- Purchase price for terraced mid-terrace house in Rems-Murr district (20 km from Stuttgart) after negotiation at €329,000
- with incidental acquisition costs €368,808 (including broker)
- Equity capital: €50,000
- Loan: €318,808
- divided into:
€50,000 Kfw housing with children, interest 1.65%, repayment 2.7% over 10 years
€50,000 LBS-Riester with bridge financing, interest 1.8%, saving rate €138 (woman)
€50,000 LBS-Riester with bridge financing, interest 1.8%, saving rate €138 (man)
€167,808 annuity loan, interest 2.14%, repayment 2% over 20 years
(all at BW-Bank, part of the Savings Banks Association)
monthly rate: €1188
Until now, we have lived with heating costs of €700, so this is a big change for us!
We expect approx. €550 additional costs (oil, hot water, water, electricity, insurances (building, household, oil tank HPF), reserves €150, etc.) for the house (built in 1982, 200 sqm, garage + parking space, good, well-maintained condition according to self-commissioned expert, solid construction, oil heating (underfloor), windows/roof/sanitary facilities very well maintained but original condition)
According to the expert, roof windows will need to be replaced in 5 to 8 years (approx. €5000), other windows in 15 years (approx. €12,000), roof not before 20 years (approx. €16,000).
There is a granny flat on the lower floor, currently rented for €250 (tenant is a commuter due to his profession, intends to terminate according to his own statements probably mid next year)
Does all this make sense?
Thank you for your suggestions!