Error in financing?

If you write down what you yourself received, it unfortunately doesn't help at all.

That's exactly what I wanted to demonstrate to you. You said that I hadn’t dealt with it and that I would have gotten a significantly cheaper home savings contract. So who is generalizing here?

For your information: At the time the loan was concluded, there were no cheaper home savings contract models. Because these are not as dynamic as the interest rates themselves. Back then, rates were still above 2%.

But on the other hand, all of this is too complicated for you, so I don’t even know why you bother with it? If you want it simple, take few components, maybe pay a bit more. Or better yet: don’t even calculate the alternatives, because that will drive you crazy with this eternal "what if, would have, could have."

If you do the same with building a house, and also keep looking at the neighbors after the house is finished, you might as well commit yourself right away.

sorry then you both didn’t do your homework. If you don’t understand a financing or get insufficient information, you ask.

I stayed away from building society contracts & co. because as a banker it was too vague for me, then these subsequent taxes (Riester) etc. You only sign what you understand and feel comfortable with.

I also don’t buy a TV that I can’t operate. And I definitely wouldn’t let anyone push a 405k financing on me.

One thing is clear, you only get a repayment plan for the first fixed interest period, the rest is just looking into a crystal ball anyway

Why didn’t we do our homework? In the end, we got everything and I know how much I have to pay for how long.
The question is only, does the process have to be as complicated as possible for a non-banker and, as in Hendrik’s case, do banks have to leave out crucial details??? I rather wonder who isn’t doing their job properly!
When I buy a car, the car dealer doesn’t explain the software of the control unit to me first but shows me the car, important data about it, and names the price.

When I buy a car, the car dealer doesn’t first explain the software of the control unit to me but rather shows me the car, important data about it, and states the price.

And leaves out the note that after 150,000 km the particulate filter has to be replaced for a few hundred €. Just like the banker leaves out the note or mumbles it so quietly that after 10 years the installment increases by a few hundred € because of the building savings contract.

When I buy a new car, I normally do not assume that there will be no maintenance costs. How high these are is also not predictable and depends partly on the buyer and their usage behavior. But if I deliberately conceal that the installment increases by hundreds of euros exactly on date X, then in my eyes that is something different. But maybe I just have too high expectations of morality...

BTW, certain parts like tires, brakes, battery, etc. need to be replaced on every car, and there are sometimes also empirical values for that. Financing a property is, however, ALWAYS something personal.

I pay into the building savings contract for 10 years and 50,000€, the installment logically 416€ per month and then have to repay 50,000€ within 6 years, which then means an increase to nearly 700€. So 300€ more and that with a comparatively low amount.

With a higher amount in the building savings contract, I could also imagine a significantly higher installment.

With a higher amount in the building savings contract, I could also imagine a significantly higher rate.

That's exactly the catch. However, this can be compensated again by the expiration of other components, but you have to know that. : You yourself notice now that the car comparison is flawed when you say that buying real estate is something more personal than buying a car