Alternative financing for home purchase

Perhaps it also helps to create several components. We only completed the financing in August. For example, you can take one component for the first 0-60% of the loan-to-value ratio. In our case, an annuity loan with a 30-year fixed interest rate and 2.15% interest at 2% repayment. And in terms of age, as well as net income, we are not that far apart ;-). For the remaining over 60% loan-to-value, we then went with a home savings contract.

Sorry for the dumb question How do you integrate a (Bausparer) ? I was thinking of simply taking out a loan through an insurer with a 25-year fixed interest rate of about 2.1% with a 33-year term 2% repayment (about 300-350,000 loan amount) Do you have any optimization suggestions?

So for the loan, I would also only aim for an interest rate lock of 15 years. That saves a lot on interest, and if you have some money left over at the end of the year, you can conveniently apply it to the special repayment.

Do you not want or cannot increase the repayment rate? A higher monthly repayment has a better effect on the outstanding amount than a special repayment at a specific point in time.

Below 2.5% with a 30-year interest rate lock will be difficult. Definitely doable with 15 years.

I am currently also having offers calculated with different variables. With the lowest rate, I came to 2.51%. However, the interest rate lock is 20 years, and it is also a different amount than yours.

We have an integrated building savings contract. The explanation is not as complicated as initially presented.

You take out a loan with a short term (in our case 10 years) and enjoy the low interest rates. But since you don’t want a rude awakening after 10 years, you take out a building savings contract that you save into in parallel. This will become eligible for allocation after 10 years with the associated loan and interest. Then, in 10 years, you can decide whether you want to arrange the follow-up financing through the building savings contract or if the interest rate level is still low enough that a classic loan pays off again.

Using our example:
Loan amount 400,000 (50k equity)
100,000 € Kfw with special repayment, due in 10 years, outstanding debt about 80k
150,000 € classic loan with 10-year term, interest-only repayment
150,000 € classic loan with 10-year term, interest-only repayment
50,000 € building savings contract already eligible for allocation, will replace a loan in 10 years
50,000 € building savings contract, being saved into and will be eligible for allocation in 10 years, replaces the other loan
Outstanding debts that are not secured will then be about 80k.

But you pay for the security. One should be aware of that.

Is the entire duration calculated? How long is it?

In 26 years (currently still 25 years) we will be finished.