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He means that you can save €30,000 over the term if you get a lower interest rate, for example through a shorter fixed interest period. Then, with the same rate, the amount goes into repayment and not into interest payment.

he means that you can save 30,000€ over the term if you get a lower interest rate, for example through a shorter fixed interest period. Then, with the same installment, more goes into repayment and not into interest payment.

correct. The OP seems a bit overwhelmed

The loan amount is €245,000.

I don't know the background, so sorry if this question has already been asked. Since you have no equity (112% financing), I wanted to ask what you intend to buy/build with €250k?

Even though the total sum of all payments for the building savings combination contract is almost €15,000 lower.

You mean over the 29 years, or what exactly do you mean?

The building savings model has the advantage that it is cheaper. However, your broker should be able to provide you with the total costs for the respective options in writing, and also explain them.

In addition, after 26 years you have €440 that you could put into special repayment for the second module.

correct. The OP seems a bit overwhelmed

:D Fuchur phrased it understandably. We've never dealt with financing before, please forgive me if not everything is immediately familiar.

I don't know the background, so sorry if this question has already been asked. Since you have no equity (112% financing), I wanted to ask what you want to buy/build with €250k?

A 12-year-old single-family house. Our equity is not quite enough for the incidental purchase costs (which amount to just under €30,000; the house itself costs €220,000) and will therefore be used for the outdoor facilities not yet created as well as for the furniture; whatever remains will be split between a special repayment account and a reserve account.
We could probably cover the incidental purchase costs if we were to terminate one of our savings contracts, but our advisor told us that it would be better to keep them due to the good interest rate and that the conditions would not improve much if we painstakingly scrape the money together now.

You mean over 29 years, or what exactly?

The building savings model has the advantage that it is cheaper. But your broker should be able to provide you with the total costs for the respective options in writing or explain them to you.

Exactly, over 29 years you pay significantly more interest on a regular annuity loan than with the building savings combination.
The thing with the building savings combination is that everyone advised us against it, mainly because the advisors/brokers are supposed to earn from it.

What would you say, which option is the most suitable for us?

1. Annuity loan
2. Annuity loan with KFW
3. Building savings combination

The thing with the building savings combination is that everywhere we were advised against it because mainly the advisors / brokers are supposed to earn from it.

Yes, as long as you do not compare the total costs, and depending on the bank the conditions are abysmal.

But there are situations where it is worthwhile. It always depends on the amount at the bottom right. We ourselves also have a building savings combination, an annuity part, and a KfW.

2. Annuity loan with KfW

Would you like to post the conditions again? Similar to your first post in this thread.

I also see a 4th combination: KfW + annuity loan + building savings combination

The reason is that the annuity loan is quite high due to your constellation (nominal interest rate 3.22%)