Construction financing with/without building savings plan

Hello everyone,

we have just been shown different financing options for our single-family house. I already have a favorite for myself but would like to hear your unbiased opinion.

1) Building savings contract + KfW loan (bullet repayment), e.g.: 1.33% p.a., KfW 0.9% p.a.
Building savings sum €330,000, KfW €100,000 (€5,000 repayment grant)
Savings phase: €816 savings contribution + €365 interest (over 15 years) --> €144,500 building savings balance at the end
Follow-up financing: 2% nominal interest

2) Annuity loan + KfW loan (bullet repayment)
Loan €330,000 at 1.61%, KfW as above
Loan installment €1,365 / month

I have deliberately chosen a low rate to save and invest something separately (monthly burden of €2,000 would easily be possible).
After moving in we should receive €10,000 homeownership allowance as well as a total of €30,000 child construction allowance over the first 10 years (which led me to the bullet KfW). €50,000 equity should also still remain.

What would you do?

Option 2. How long is the fixed interest period there?

Sorry, forgot the most important thing ;-)

15 years

1.61 over 15 years is not exactly amazing. You can get it cheaper, keep looking around

I also have an offer at about 1.3% over 15 years, but I am building on my own and need uncomplicated procedures here and there for the payout. The local bank is more suitable for that.

Hello everyone,

we have just been shown various financing options for our single-family house. I already have a favorite for myself, but I would like to hear your unbiased opinion.

1) Building savings contract + KfW loan (bullet loan), e.g.: 1.33% p.a., KfW 0.9% p.a.
Building savings sum €330,000, KfW €100,000 (€5,000 repayment grant)
Savings phase: €816 savings contribution + €365 interest (over 15 years) --> €144,500 building savings balance at the end
Follow-up financing: 2% nominal interest

2) Annuity loan + KfW loan (bullet loan)
Loan €330,000 at 1.61%, KfW as above
Loan installment €1365 / month

I deliberately chose a low installment to still be able to save and invest separately (monthly burden of €2000 would be easily possible).
After moving in, we should receive €10,000 home ownership allowance as well as a total of €30,000 child bonus over the first 10 years (which led me to the bullet KfW loan). €50,000 equity should also remain.

What would you do?

€2000 installment easily possible and you get child bonus + home ownership allowance?
Isn't the taxable income decisive in this case?

We would not get the allowances because we earn too much, but a burden of about €2,000 would not be "easily possible" for us :)