Welches Einkommen brauche ich für 400.000 Euro Darlehen in 2022?
interest rates have skyrocketed in
and many people who maybe last year still had the dream of owning their own property, can't or just don't want to pay for it today, but how much do I have to earn to still have a Get loans and that is exactly what we are going to see today in this video. I'm Kai, welcome to the baufilab. First of all, an important note. Every personal situation is of course individual and in this video you have to generalize at one time or another if of course it is very personal If you want to know what is possible for you, you can of course also get a personal and direct advice from my part.
My consultations are carried out through video calls and are completely free. free of charge to you and yes if you need them just use my contact form below in the video description and then you can contact me but let's see us the promised example you need a loan of 400,000
euros that you have to earn so that You can even withdraw money from the bank 400,000
euros from the bank and for that we must first see how high your rate is for a loan of 400,000
euros today with current interest rates and the installment is paid monthly, which consists of two components, one of the interest and another from the repayment, so the interest is clearly what the bank pays the repayment, which is the part that reduces the loan because it wants them to take it back, so where is the interest rate currently?
I expect you to follow my interest rate update regularly, if not once a month. I do a little update on the current interest rate development if you'd like to take a look at the playlist. I'll link you to one again under the video description and also in the final card you can look again it says here always in the current Sta And yes today we have an interest rate to each other it always depends a little bit on how much capital you bring because the more capital there is, the cheaper it gets, but you really have to expect an interest rate between four and four. and a half percent right now In our example now we generously assume an interest rate of 4.2% so today we have an interest rate of 4.2% what loan do you get like I said the portion of repayment, i.e. the part used to repay the loan The bank also determines how much you have to repay at least and the minimum repayment is usually between two and three percent In our example, I would now like to calculate with a generous repayment rate of 2%, which means that we have the interest rate 4.2%. we have a redemption rate of 2%, that is, a total rate or annuity of 6.2%. that is always calculated for the year, which means we still have to divide it by 12 and that corresponds to a fee of around 2067
euros per month, so more than 2000
euros is a bit understandable, especially if you still know the prices last year to compare last year we were at about a one percent interest level so if we now rewind the whole calculation again with a one percent interest rate and 2% return we would have a wheel of 1000
euros, that is, today you pay twice as much for your loan as in December of last year and that is a real blow, first you have to be able to put that on the table, but what do you have to gain from a banking point of view to be able to pay a fee of 2067
euros, well, it's like the banks make a household account, that is, they look at what you earn monthly, what expenses you have and what you have left over for this monthly fee, only s To be able to manage and attend and this f household bill differs from one bank to another, so banks now mostly work with flat rates for certain expenses that you have in daily life and it may also be that a bank gives a loan to another bank with the same income again it's not simply because these flat rates are set differently so what's very important for me to say here is no matter what the bank says you have to be able to live with this rate which means even if the bank says 2067 is clear from us you should use it that means you should be comfortable with it and also it should be a rate that is not so tied that you no longer have enough money to maybe go on vacation once a year, for example, because in real estate it is beautiful in the first years and I know many people who say hello once I am in my real estate I no longer need vacations that is a very dangerous thought because I hope you have this mobile like Everything for a long time but mentally it wears out at some point and after two or three years at the latest you will see each other again after a vacation and when you can no longer afford it because you tie yourself up with a wheel of more than 2000
euros for the next 20 30 years so that's not a good thing so you have to be comfortable with the rate but let's see how I see it and that's what I want to give you today as a central message we need to look at how high is the monthly income of your household and here you should look at what you earn monthly net if you are married or have a partner with whom you can finance together what the partner earns net monthly net is the amount they pay you and what you see in the account that you add that is You should not include the child allowance on your household income, on the one hand, it is only paid to a limited extent, on the other hand, it is also intended for children because you also have additional expenses, so the net household income is important. and now I would like my three category recommendation to give you what is an absolutely healthy rate where you have absolutely no stress and that is a rate that is a maximum of 30% of net income which is a rate where I as a consultant i mean no stress completely relaxed 40 percent also solid financing nothing unusual but you need to make sure your monthly payment is no more than half i mean no more than 50 percent of your household income because all you is above that it will be unhealthy, we are going to determine it with numbers, remember in our example we have a rate of 266.67
euros if we now assume that the monthly rate is 30 percent of your net income then that would mean that you would need a family income total monthly of 6,88,90
euros honestly, hardly any of you will be able to put that on the table every month, but 40 percent is also a solid financing that now corresponds to a household some income I give you in our example 5,166.68
euros per month, but here too each spouse should see an average of 2,500 more than 2,500
euros per month in the account and I am pretty sure that not all of you will be able to do it, as I told you, you should not spend of 50 percent and in our case 4,133
euros 34 and that is also the answer to the original question that we asked how much should you earn at least so that you can afford a loan of 400,000
euros and that is exactly these 4,133
euros 34 but again all very strongly generalized, it also depends on what type of interest they take and depends on many other factors.
I can't say that often enough, so everything here is very individual and very pervasive. That is very important to me. What is also important to say is that income itself does not decide whether you get a loan. The problem. of equity is also a very big lever and I can already anticipate that you will not get any financing today without capital and the more capital you can put in the cheaper it will be, not only the lower the rate but also the cheaper the interest rate will be what you get from the bank because it minimizes your risk significantly with more capital so the bank also reduces your own risk and can offer you better interest rates so the biggest lever to get a lower rate is the issue of equity but what you need to know at least Equity participation must be available because with the purchase of the property you also have a purchase take the costs the purchase the additional costs are made up of the costs of the notary buy in it must be closed everything happens at the notary the school primary must be registered you have the costs of the land registry so the costs in the land registry for the transfer to you as a prop The tax for the registration of the land charge has the land transfer tax with it, the highest position here in Hesse is 6 percent, which varies a bit from state to state in Bavaria, for example, it is only three and a half percent, so there are very big differences there and you can also have a broker if you buy a mobile phone, let's assume you don't have a broker involved, we buy real estate in Hesse, it costs you 400,000
euros, then you will definitely have about eight percent in additional expenses that would be 32,000
euros and this 32,000
euros is not usually co-financed by a bank That means you have to take it with you at least once Fighting to even get the chance to buy a property plus possibly the costs for brokers if your property it is purchased through the broker, but even then we still have 100% financing because the purchase price would still have to be financed and In its entirety and as already mentioned, the interest is significantly more expensive than if you only had to finance 80 or 90 percent of the purchase price, for example, so I hope you all continue to sit there because, in fact, every time it is more difficult to finance real. equity and 400,000
euros is not a small sum for me I think we all agree on that, but last year it would have been much easier to be able to take out such a large sum as a loan again my offer use my personal advice my individual advice use my contact form comes to my mind and whatever I'm talking about I'm happy with a subscription to my channel for my work to support what I do and not at all also anticipate that there will be more interesting videos on the subject of construction finance in the future i definitely look forward to the next video, until then take care