Baufiexpertin
2014-08-03 01:29:25
- #1
Hi, as of today, the interest rate would be effectively 1.65%. However, I would do the following: Since you, if I understood correctly, have a tenant apartment, we have 2 residential units. So we have the possibility here to take 100,000 euros via the KFW. You take the rest from the bank over 5 years at an interest rate of 1.24%, with a remaining debt after 5 years of 38,000 euros. Or 6 years fixed interest at 1.32%, remaining debt 33,000 euros. Furthermore, it is important how long the construction period is. How many interest-free months do you have with the bank loan? This can drive the price up. With the KfW, you have at least one repayment-free year, you could increase the bank loan during this year and, when the repayment for the KfW begins, reduce the repayment on the bank loan again. This way we have a lower remaining debt after 5 or 6 years and you can use the 30,000 euros for repayment. There are so many possibilities with your great conditions!