Banks for 110% financing

Since comparable rental apartments/houses would cost us here on average cold 1500-1800€, or around that... My sister currently pays 1500€ per month for the 400k, those were the two reference points we roughly based ourselves on...

You will have to calculate 1700-1900€ for a good financing plan. Anything below that means either too low repayment or a rather short fixed interest period. But that is rather "reckless" in the 100% range.

You should keep in mind not only the monthly amount but also the security over the entire financing period.

Besides, one usually wants to be finished before retirement.

Additionally, there are increased ancillary costs that come with a house/property. You can estimate 2.5€ per sqm of living space per month.

Oh, and the repayment grant is only received afterwards. So you have to borrow the money first.

But KFW money is currently not that great anyway. 2.27% fixed for 20 years

Servicehypo also spits out something between €1650 and €1750 for me, depending on whether I include or exclude the €10k grant, with 2% repayment and 25 years fixed term. Interest rates are just under 3%, which is why KFW is already interesting, since the blended interest rate is therefore below 3....

KfW is only fixed for 20 years and with 2% repayment and a 25-year interest rate lock you also still have a nice residual debt. It's not like it would be if that were without interest rate security. In the area of 95% and above you have to enter your specific data into the bank software or the broker system anyway; because there are all sorts of limit effects that websites don't really depict.

Oh, I forgot to mention earlier, I also pay money every month into an asset management account with Alte Leipziger; even with below-average returns, if I keep my contribution as it is, I will have around 45k in 25 years, but I can increase it flexibly at any time... After the fixed interest period, this also significantly reduces the remaining debt if you include it there... I’m completely ignoring the inheritance volume now because it’s more important to me that everyone lives as long as possible!

Hello,

I find your attitude presumptuous and arrogant. You will probably get the funding. Which is not acceptable at all, €5,500 net and then car financing and hardly any equity.

How are you going to manage if something breaks?

Well, teachers will know anyway.