After a change in cohabitation one person wishes to take over the house alone. The other is to receive an agreed compensation payment. For the financing requirement the compensation and the existing loan debt must not be shown separately in two unconnected tables.
Clarify the agreement before the invoice
The following case explicitly assumes an already professionally clarified, purely hypothetical compensation rule. Both persons are to receive economically half of the assumed property value less the total assigned debt. This rule is not derived from any statutory ownership, marriage or inheritance share. Actual compensation claims may be based on different conditions and include further items.
It is also assumed that the sole takeover of the previous financing could actually be agreed. Such an outcome must be clarified separately with the bank and with legal assistance in a real project. A private agreement alone does not constitute a confirmed release of debtor liability here.
Calculate the starting case
The fictitious property value is 400.000 Euro. The assigned outstanding debt is 240.000 Euro. According to the assumed rule an economic difference amount of 160.000 Euro remains, of which 80.000 Euro per person.
The taking-over person must therefore pay 80.000 Euro compensation in this case and at the same time clarify the handling of the 240.000 Euro previous debt. If the compensation were financed entirely by an additional loan and there were no other changes, a total loan debt of 320.000 Euro would have to be carried. Viewing only the compensation payment as the “new loan requirement” conceals the continuing main part of the burden.
A personal deposit changes the total requirement
If 20,000 Euro of freely available personal funds are actually available for the compensation, under the same assumptions a further 60,000 Euro would need to be financed. Together with the previous debt this would result in 300.000 Euro. Settlement or financing costs and tax consequences not yet included must be added explicitly; they are not estimated here as a lump sum.
Examine the new sole household
The next step is a concrete offer for the permissible arrangement and a payment plan for the future sole household. Previous joint incomes will not simply continue unchanged. New personal expenditures and confirmed contributions take their proper place.
The takeover is only financially prepared in a comprehensible way when compensation, existing debt, personal deposit and other costs are covered together. A high property value or the mere agreement of both persons does not yet answer affordability on an ongoing basis. This case calculates an assumed financing requirement, not a legal claim and not a recommendation to keep the house at all costs.