Building savings contract with advance loan versus annuity loan

Can the home savings contract become much more expensive due to a prepayment penalty than the annuity loan if you no longer want the house after all?

But this is only because the loan itself is not being repaid, i.e., after 10 years the full loan amount is still outstanding. Therefore, the prepayment penalty is naturally higher if repayment occurs before the end of the 10 years, since the interest payments are higher. The home savings contract has nothing to do with this because, although it has been assigned, there is no prepayment penalty on it (there is no loan, after all).

The overall problem is that variants 1+2 are not comparable...

The difference between them is security or money, and you have to make this decision yourself.

With these framework parameters, I would consider variant 4 if security is more important than money.

Variant 4: Full repayment over a 20-year term with, if at all realistically regularly feasible, a special repayment of 5,000 EUR p.a., otherwise even omit it.

Hello, thank you very much for your suggestions, special repayments of 5000 per year are probably not feasible, we have been very cautious about that (it is always said that everyone wants to make special repayments and in the end you don't do it to the extent originally thought) and have only calculated variants with none or 2000 euros. Security or money, that sums it up quite well!

But that's only because the loan itself is not being repaid, i.e. after 10 years the full loan amount is still outstanding. Therefore, the early repayment fee (VFE) is naturally higher if repayment occurs before the end of the 10 years, since the interest payments are higher. The building savings contract has nothing to do with this, because although it has been assigned, there is no early repayment fee on it (after all, there is no loan).

I looked it up again (online focus: topic disadvantages of building savings contracts) and indeed the building savings contract has nothing to do with it, but for what has been saved up until the allocation maturity, only a tiny part of the loan is repaid. For this reason, terminating the loan to be refinanced is more expensive than with an annuity loan. But thanks again for the hint.

Hello, does it make sense (as a quasi hybrid solution) to take out a ten-year bank loan (offer 1.3%, loan amount 215,000, monthly installment 570 euros, remaining debt without special repayments, which would be possible, after 10 years 172,000) and pay the remaining 430 euros we have available into a building savings contract? (Offer here Signal Iduna F60 with Mehrzuteilung, i.e. we save 430 euros per month for 10 years (credit interest 1%), then receive the saved balance (51,000) plus building savings loan plus Mehrzuteilung (increase of the loan, currently offered by Signal) paid out, which would exactly redeem the 172,000 euros remaining debt of the bank loan. Then I still have about 120,000 euros building savings loan, which is repaid with an interest rate of 2% and a monthly installment of 1,000 euros. For comparison, again variant 1: If I put the full 1,000 euros into the bank loan, after ten years without special repayments I still have a remaining debt of 105,000 euros, which will be repaid with an unknown interest rate to me at that time.

If I put the full 1000 euros into the bank loan, after ten years without special repayments I will still have an outstanding debt of 105,000 euros

My question:
How much longer do you have to work? Or besides the large equity, do you have other options such as inheritances, Riester pension, or life insurance etc.?
For me, it only makes sense not to have too high an outstanding debt before going into retirement.
Because I still have to work for 30 years and if, for example, one has an outstanding debt of 50,000€ (fictional) 10 years before retirement, then it would be manageable. 105,000 € with refinancing plus interest in 10 years, you really have to have reserves. You must not forget that repairs on the house also count. After 10 years, this or that might break or new energy saving regulations etc. might apply.
And the special repayment is an option up to XX % per year. So that's my opinion.