Comparison of financing options - loan amount 430K

Thank you for your answers.

I see the advantage of monthly special repayments less in the fact that you can actually save noticeable amounts with them, but more in that, for example, as long as we both earn full salaries, i.e. have no children yet, we could easily pay, for example, 2,500 euros per month. And I would find it “more comfortable” to simply make a higher monthly payment than to save the money in parallel, where you don’t earn any interest on it, and then pay it in a lump sum at the end of the year as a special repayment. But I think that is purely a matter of attitude and less of a saving effect.

With other banks, from which we have offers, a special repayment amounting to 5% of the loan sum per year would also be possible, but always only once a year.

Although this certainly will not be the decisive criterion, if this bank gives us the best offer, it would be nice to take advantage of it.

The interest rate for a 20-year fixed interest period with the same lender as in my two variants would be 1.6%, in my opinion uninteresting...

The interest rate for a 20-year fixed rate with the same lender as in my two variants would be 1.6%, in my opinion not interesting...

If everything goes smoothly with the repayment. The 0.3% more shouldn’t bother you in the repayment if you fully utilize the special repayment.

Again, your leverage is the unlimited special repayment, not the interest rate of 1.3% or 1.6%!

The 0.3% are negligible cost-wise if you make special repayments.

The interest rate for 20 years fixed interest with the same lender as in my two variants would be 1.6%, in my opinion uninteresting...

Then go with the 20 years to the Allianz. From €400,000 they have daily updated interest rates, which currently should be between 1.35 and 1.45%. Best conditions for loans of 20 years or more.

Allianz is (unfortunately) not an option for us, I have already looked into it because they actually offer very good conditions.

Our project extends over a longer period, i.e. we need or want 18 months of interest-free standby period, Allianz only offers 6 months. We would pay a huge amount of standby interest at 3%.

In addition, we need blank payments due to self-performed work (materials, etc.), which not every bank offers.

The Allianz is (unfortunately) not an option for us, I have already looked into it because they actually offer very good conditions. Our project extends over a longer period, i.e. we need or want 18 months of interest-free commitment period, Allianz only offers 6 months. So we pay a lot of commitment interest at 3%. Also, we need blank payouts due to own contributions (materials etc.), which not every bank offers.

Have you been in contact with an Allianz representative yet? The thing with the commitment interest is not correct - we have 12 months and it can be easily extended. However, calculate for yourself if you have to pay, for example, 0.25% per month commitment interest on a remaining amount of, say, €100,000. That would be just €250. It's money, of course, but if your loan is cheaper over 20 years because of that, then it's bearable. With a reasonable financial plan, they also pay out the money in advance. For example, their loan conditions state that they pay out 40% after the shell construction and the last 20% after readiness for occupancy. We have now become totally over it and they agreed to the 21 partial invoices from our construction company.