Error in financing?

What banks do or do not do you should perhaps leave entirely to the banks themselves. And how a rate calculation for a construction loan or a personal loan works I will not even attempt to explain.

And what credit terms I have do not matter at all, as these are not comparable for various reasons (and I have 7 credit components, as the loans are called here).

And in the end, the interest rate does not matter at all, but the costs.

My offer, if you are not concerned about the costs: You simply transfer me the 10,000 euros that you have reasonably planned and saved.

Most people here have followed all your posts and responded to you. The most sensible answers come from bankers and those who have a bit more knowledge of the subject than you or I. And they have even confirmed your calculations.

Why and what should they be jealous of? I always find it audacious to claim something like that when a user simply dislikes the answers as a whole.

You can dress up the numbers however you like. The crux of the whole matter, as I see it, lies in the variable you/your family. It works very rarely to pay off debts with more debts. Out of 15 or 20,000, here 425 or 450,000 are made. Only life will no longer be what you are used to. Then the 0.0% financing will start in the same way, for the broken washing machine, the garden shed, the terrace roof... or trifles, as you are used to. Ultimately, those who say

Ich zahle insgesamt WENIGER als aktuell seit Jahren Miete und die anderen Fixkosten - ich SPARE Geld und zahle dabei monatlich über 700,800 Euro in die Tilgung rein...

and disregard the variable end up insolvent. It may sound a bit dramatic now, may not apply in individual cases, but one expects a user here to at least start thinking about the variable. You filled several pages in your first thread, and after the insight you expressed, somehow the head got washed or the reason was suspended. However you want to put it.

If you continue down this path, we will continue to accompany you – here in this forum. But if your construction gets tight, you will have to find another one. Because we are not Zwegat and co.

You didn’t understand something. Banks cannot finance over 100%, so the incidental costs, like the 20k here in a private loan, make sure that the rest is 100%.

Are you pretending to be stupid on purpose?

I calculate it all normally and I do calculate the building savings contract calculation, see above? Then please read all posts and not just excerpts. It is and remains cheaper than if I calculate 3% or so over 30 years, because that’s what you would get for 30 years!?

And what is not understood about the fact that I will no longer have any other liabilities when buying the house – how many times does that have to be said???

What is going on here? I pay LESS overall than current rent and other fixed costs for years – I AM SAVING money and at the same time paying over 700, 800 euros monthly into repayment... so where exactly is the mistake? On average, considering the later periods, almost 1,200 euros for my own assets. That alone I am currently paying in rent!!!

This can all be calculated – is someone here jealous because they are still running on 5%? You can only hold your head. In the end, 10k more or less does not matter to me... therefore, the rest of my private loans are absolutely negligible... Just what I put into the house, into my assets is after a few months more than my current liabilities.

No more arguments, zero substantiation... yeah yeah just another loan on top, as if the number of loans is what matters... I won’t laugh.

Apparently not everyone has understood the building savings contract either, I thought I was the ignorant one... but such general statements that EVERY normal loan is better than EVERY building savings contract construct... well, cheers.

A third time, maybe now you’ll give an answer. Have you actually calculated the costs for the option with the building savings contract? How much interest and follow-up fee do you pay over the entire term, please specify in €.
How much interest do you pay for an annuity loan? In € for the same term.
You have no idea, do you???

And yes, there are enough banks that finance the purchase price + incidental costs. But then you need good creditworthiness. You don’t have that, I have to say that from a banker’s perspective!!!
That’s why tricks are used for you and the equity is also financed.

@Mods: Please close this here - from a wish to buy a house through financing equity and above-average household net income, it is claimed here that we are on the best way to insolvency.

I can no longer take such things seriously and this thread helps me absolutely ZERO from this point onward.

How on earth can anyone still be of the opinion given the situation regarding interest rates that one should not finance 100% or... 100% plus additional costs? Wake up, people.

No creditworthiness? I have now spoken with several bank advisors who know not only our income but also our liabilities including Schufa, and all immediately dismissed any potential concerns I raised. There is absolutely nothing to worry about compared to the colleagues who are still being brought through financing.

I also don’t understand where the problem is. I could pay the financing in the absolute worst case with my salary, where is the risk here? There are two of us!!!

If that no longer worked, then I would 100% have other worries such that thinking about money would be the very last thing on my mind.

And even then such a property would just be sold again? Where is the problem then? Loss compared to purchase price? My statement about more important problems applies there too.

I haven’t even calculated any bonuses etc... in the last x years we have about 75k net per year, that makes 2.25 million euros over 30 years without a single cent increase in average salary. One should be able to pay for a house with that if it is the core sum of the life for which one spends money.

Yes - extrapolating like that makes no sense, others do it that way, that’s why I went with much smaller amounts and calculated accordingly.

and again: WHERE is the risk if from the moment of buying the house I have lower fixed costs monthly than in the last 3 years?

@Mods: Please close this here -

Nope. The thread, or rather its posts, are very instructive and helpful for everyone who is considering building and therefore having to finance it. The fact that you may not like the development is due to the nature of this forum – it’s not a wish concert. Rhineland greetings

and again: WHERE is the risk if from the moment of buying the house I have lower fixed monthly costs than in the last 3 years?

You want to build a house; not buy one. I hope you won’t get impatient with your construction manager so quickly either.

In your earlier thread you wrote that your warm rent is 1200.

The sellers told you 1450 for the first 15 years, after 15 it will rather be 1900 in this building savings contract construct.

+400 operating costs/additional costs
Are at the beginning, 1850 or later 2300.

And there you ask where you still save money, or have lower fixed costs?

Oh, I would also plan another 400 EUR monthly for window cleaners, cleaning lady and gardener due to the size of the house and the property (in the other thread you hinted that you have very little time besides work)

But otherwise, everything is easy