dobabau
2015-11-14 14:16:01
- #1
Hello everyone,
the right timing for concluding a loan agreement is known to be a fine art and of course very speculative.
I am therefore currently in the process of calculating the amount of possibly incurred commitment interest based on a concrete financing offer. We are planning with a very long (25-30 years) fixed interest period. Even the smallest changes in the interest rate have an extreme impact because of the fixed rate (0.1% upwards quickly amounts to 10,000 EUR...).
The commitment interest (by the way 0.17% p.m., 12 months free) with a (too) early conclusion in terms of timing is also not insignificant, but maybe it makes sense to accept it. To calculate as realistically as possible, I would therefore be interested in the typical timing of invoicing for a new build. The "standard payments" according to construction progress are standardized, but the timing "unfortunately :rolleyes:" is not.
Briefly about the framework data (these are from my own pen, no offer yet available):
- Construction start approx. July/August
- Construction with fixed price contract
- Living area 185 m², fully basement
- Classic brick construction, no complicated architecture
- Construction costs about 400,000 EUR
Can you share your personal experience regarding the timing of invoicing? Many thanks in advance for your responses!
the right timing for concluding a loan agreement is known to be a fine art and of course very speculative.
I am therefore currently in the process of calculating the amount of possibly incurred commitment interest based on a concrete financing offer. We are planning with a very long (25-30 years) fixed interest period. Even the smallest changes in the interest rate have an extreme impact because of the fixed rate (0.1% upwards quickly amounts to 10,000 EUR...).
The commitment interest (by the way 0.17% p.m., 12 months free) with a (too) early conclusion in terms of timing is also not insignificant, but maybe it makes sense to accept it. To calculate as realistically as possible, I would therefore be interested in the typical timing of invoicing for a new build. The "standard payments" according to construction progress are standardized, but the timing "unfortunately :rolleyes:" is not.
Briefly about the framework data (these are from my own pen, no offer yet available):
- Construction start approx. July/August
- Construction with fixed price contract
- Living area 185 m², fully basement
- Classic brick construction, no complicated architecture
- Construction costs about 400,000 EUR
Can you share your personal experience regarding the timing of invoicing? Many thanks in advance for your responses!