Energy renovation and extension, KFW 261 example

Maximal 300,000 euros from Kfw After you have completed the measures, the energy consultant must confirm this so that you receive the repayment subsidy. If you manage to achieve an Efficiency House 55 EE, you get a 20 percent repayment subsidy. Because you have a worst performing building, you get an additional 10 percent repayment subsidy = 30 percent The repayment subsidy will be deducted from your loan after completion of the measure or after confirmation by the energy consultant from your KFW loan. We also want to do a full renovation of a house from 1958. Our architect as well as the energy consultant both estimated 200,000 euros for the energy renovation at 136 sqm. For the entire project (not only energy renovation) we calculate 330,000 euros. That is about 2,500 euros per sqm of living space. How much sqm of living space do you have?

Total costs for the project are 660,000 including incidental construction costs. 190,000 equity 50,000 personal contribution Remaining 420,000 loan. We also have the program 261 twice - with a total of 200,000 euros And another 220,000 euro loan from the bank We have a mixed interest rate of 2.7% And the loan from the bank has a fixed interest rate for 20 years. Payments on Monday 1560 euros

My original question was where I have to deduct the 90k grant to calculate my final installment!

KFW 300k at 3.5% (incl. 2% repayment) Bank loan 250k at 5.57% (incl. 2% repayment)

But you have to be careful.
You only get the Kfw loan for energy-efficient renovation.
That means if the energy-efficient renovation would only cost you 200,000 euros, the remaining 100,000 are not available.
It’s best to talk to your architect and/or energy consultant about which costs he estimates for an energy-efficient renovation.
The rest you would have to cover with a normal loan.

And with the Kfw loan you cannot choose the repayment rate yourself.
We took the 30-year option.
Just under 2 percent interest and 2.69 percent repayment.