Evaluation of Financing Offer

Hello everyone, I would like to hear your opinion on our financing offer! About our income Man approx. 3300 net civil servant Woman approx. 3000 net employee Children none, none will come due to our age 47/51 Property price including ancillary costs 433000 Own capital currently only 20000€ but in 2027 payout 391000€ gross Now the offer 315000€ through SSK with 1.17% 3% repayment 15 years rate 1090€ residual debt 160000 100000€ KFW 124 at 0.78% and 3.80 repayment 10 years rate 380€ residual debt 65000 From our payment we want to invest 100000€, i.e. repay KFW after 10 years and invest approx. 50000 in the other loan and reduce the residual debt to approx. 100000€ Why we have so little own capital... It was not planned to buy something, for example, last year a car paid 80000€ cash... I would be interested in what the pros say! Gracias

The construct should work very conveniently. Whether there is still something in the interest would be better to ask a loan broker - they know more than I do. For the private car, I always followed the self-disciplining rule: purchase never more expensive than 3 months' income.

Why don’t you both take out loans for 10 years and then pay off the remaining debt with your cash assets? There will still be quite a bit left of the cash assets and you will be free again. And you won’t additionally waste money on interest payments.

Thanks in advance for the first assessment that it is reasonably feasible! Why not just 10 years, good question, I prefer to have a bit of leeway and still have the option to cancel after 10 years. The thing with the car was also my first time.... just didn't expect to possibly want to buy something!!

Thanks in advance for the initial assessment that it is somewhat feasible! Why not just 10 years, good question I prefer to have a bit of leeway and then still the option to cancel after 10 years. The car thing was also a first for me.... just didn't expect to maybe want to buy something!!

You don't have to justify yourself here because of the car. On the contrary, you have my full respect. Many who drive such cars actually can't afford them and therefore buy them on credit, only to pay them off over years. You still have 20k in equity and will receive more cash in a few years (life insurance!?), than many people manage to save until retirement. Well done, I say...

One, if not the decisive question, is: Should a significant portion of the payout in 2027 be used for the repayment of the liabilities? If yes, when? If that is planned, I would definitely have the 10y offered to me.