The calculation of the real estate financing Berlin, 20.06.2011 – who finance his broadening not nose would fall on that, should advance exactly calculate how expensive the purchase including the costs may be. Will the purchase price be high so that the funding from the existing revenue (excluding capital and reserves) cannot be denied? The discovery of this size is not so easy to realize. Many circumstances must be considered without these overly negative or positive to calculate. At best this is by comparing the revenue and expenditure way to calculate the monthly available liquidity for the principal and interest payments. First off all regular costs for living expenses among the expenditure the expenditure side. This can for example be: clothing, food, housing costs (such as electricity, gas, water, taxes, insurance, etc.), telephone costs, car costs, etc. In addition should also have a reasonable fee for unique and unpredictable expenses are recognised: including E.g. costs for vacations or possible damage can fall.
Continue to all other (existing) obligations must be considered of course, E.g. rates for existing loans, payments for contracts (rental or leasing contracts) etc. It is important when calculating, so rather more generously that not too little spending used to round up! The calculation of the revenue for the appropriate calculation of revenue is crucial to only really ‘safe’ amount of revenue into account. These include income from self-employed work, child support, maintenance (if they really regularly arrive) or also rental income and pensions, salary (but not “unsafe” one-off payments such as holiday or Christmas money!). The revenue side should therefore not “beautiful”be expected, but rather down to Earth and assuming that even temporary failures such as special payments can occur. Later reflected in the reality it is that more revenue than anticipated to available, these as special redemptions or as additional equity capital security construction funding to engage in no problem. The confrontation and the maximum acquisition price based on the confrontation of a balance which, unless he has a revenue surplus – can be used for the application of the rate of credit arises.
Based on this rate of credit, the financing costs can be calculated with the following formula then: income from the comparison x 12 (months) x 100 / 7. With a surplus of E.g. 700 euros a month, so a possible financing costs of approximately 120,000 euros would. Add of course the existing equity capital must be added. Suppose there are 50,000 euros of shareholders ‘ equity, emerges as a maximum purchase price of 170,000 euros for the object. This purchase price include all necessary costs for a new building including land and development costs. This can be seen already, that a high purchase price requires considerable monthly available funds. Therefore it is all the more important, conscientious and realistic to perform the calculation. Conclusion which object the party ultimately financially can afford, emerges from the individual revenue and expenditure situation (see also). Here should be acting with realistic numbers–Yes, most likely the prospect should expect still slightly negative. Only in this way, a relatively secure statement concerning the financial feasibility can be made. Who doesn’t know this basic information or incorrectly applied, sometimes later is facing financial ruin because the loan rates can no longer be afforded. Don’t thoughtful costs or long term bound equity are also factors that can lead to the misjudgment of a funding volume. Can more information home financing – how much cost my house?