Construction financing with ETW as security for the loan

The interest rate is always interesting first of all. But it is missing, or rather, I'm too lazy to calculate it.

How much % repayment you want you have to know yourself and set as a parameter. Otherwise, nothing is comparable. Even if you want to stay as flexible as possible, don't take a repayment rate below 2%.

The interest rate is always interesting at first. However, it is missing, or rather, I am too lazy to calculate it.

How much % repayment you want you have to know yourself and set as a parameter. Otherwise, nothing is comparable. Even if you want to stay as flexible as possible, do not take a repayment rate under 2%.

Oh, okay, understood:

Sparkasse - Effective Annual Interest Rate - (Price Indication Regulation) 2.20% - Installment - €1,548 - At 3% repayment
Ing - Effective Annual Interest Rate - (Price Indication Regulation) - 1.18% - Installment - €596 at 1% repayment
Ing - Effective Annual Interest Rate - (Price Indication Regulation) - 1.18% - Installment - €735.38 at 1.5% repayment

Interest rate lock-in period is 10 years for all

Why do you have such a low repayment rate at ING?

Why do you have such a low repayment rate with ING?

I just spoke directly with ING and now have an offer for 1 / 1.5% / 2% repayment + KFW 55.

The repayment is so low because we don't want a high rate at the moment; in addition, we probably want to sell our condominium in 10 years and use the proceeds as capital for refinancing.

Please always calculate the nominal interest rate.

Good morning The following situation has arisen after the discussions yesterday.

The full financing of house costs including incidental costs is usually only possible with 3% repayment and about 2 - 3% nominal interest. So the topic is off the table for now.

For financing without incidental costs, we received the following offer yesterday:

1. Building society
Nominal interest: 1.39%
Repayment: ???
Rate: approx. €750
Term: 2052

Question about this - Would we pay €750 every month until the end of the term and then be finished in 32 years, or would there still be residual debt? The financing runs via a building savings contract. I have not yet found any information about the repayment.

2. Bank
Nominal interest - 1.15% + 0.95% (KFW)
Repayment: 1% + 3.71%
Rate - approx. €800
Term: 10 years

Tendency - At the moment it would be option 1 - if I understood correctly - planning security for 32 years and the possibility of special repayments. Where is the catch here?

Today there are still 2 meetings with the Sparkasse & the Allianz.

We look forward to comments & suggestions.