Building savings loan - Good alternative or pointless?

Without numbers and facts about the annuity loan, it is hardly possible to judge which one is better. I decided against the building society savings variant because it is simply more expensive than a normal loan and I wouldn't even have had to pay the closing fee. For me, the biggest disadvantage is that you have to pay interest on the entire amount until allocation and basically have 0% repayment.

Without numbers and facts about the annuity loan, it is hardly possible to judge which one is better. I decided against the building savings variant because it is simply more expensive than a regular loan and I wouldn't even have had to pay the closing fee.

For me, the biggest disadvantage is that you have to pay interest on the entire amount until allocation and basically have 0% repayment.

Correct, of course that also applies conversely to the building savings contract combination.

I chose the building savings variant because in my case it is cheaper than the classic annuity loan despite closing fees.

That is not a disadvantage for me, as I pay a total of 10,000 euros less.

These sweeping statements are simply extremely annoying. It depends on the offers available in each individual case and their comparison.

You also have 0% repayment in the classic loan for the amount since the building society savings contract should be designed so that you should have mostly paid off the regular loan by the time of allocation. This means you would still have to pay interest on the building society amount anyway.

I hope I have explained our considerations somewhat understandably.

We are basically concluding a building society contract that is designed so that a small amount matures to be allocation-ready after 10 years. Until then, the regular loan should be nearly paid off.
We basically pay the closing/annual fees on it to secure ourselves a good interest rate even after 10 years.

I have about 3% repayment on my annuity loan and not like with the [Bausparvorfinanzierung] up to the allocation 0%. That means from the first installment my outstanding debt decreases and the interest amounts as well, with the [Bausparer] I pay the same interest on the entire amount constantly up to the allocation and that is why it has been more expensive for us and by quite a bit.

And no Mia_san I do not understand the reasoning.

I also cannot understand the considerations of MIA_SAN_MIA.

@ Basel:

The effect you describe regarding the repayment is completely correct.

It only works if the interest rate until the repayment is much lower than that of the annuity loan and the interest rate of the home savings loan is also favorable.
Of course, costs such as closing fees etc. must also be taken into account.
A direct comparison also only works with a full repayment loan.

Since this apparently was not the case with the offers you had, you made the right decision!

I am only allergic to the frequently encountered tendency to claim that one option is generally cheaper than the other.

However, I want to admit that the home savings variant requires a higher level of information and knowledge from the customer than the annuity loan, and of course there are many cases where the annuity loan would have been cheaper.

Furthermore, it is naturally also a matter of personal taste.
One must understand the financing and feel comfortable with it.