Feedback on financing offer requested

2016-06-21 13:10:49

So, when I enter the above data into the loan calculator at 2.73 effective and 1439 installment, I come to approximately €32,000 outstanding balance.

But you thought you only needed 300,000?

2016-06-21 14:16:28

Get the whole thing calculated for 300,000€ and a rate comparable over the entire term. Here, once again, apples are being compared with pears.

2016-06-21 15:03:15

I would not fix for more than 15 years and would rather repay at a higher rate.

2016-06-21 15:28:23

I wouldn't lock in more than 15 years and would rather pay off more aggressively.

I agree. And with the same rate for the first 15 years of 1130 euros with an assumed 2% interest, you have an outstanding debt after 15 years of about 167K euros. Even if the interest rates then rise to 5% and you (as above) then pay off 1200 euros, you will be done after another 14 years. However, I don't believe that interest rates will rise that high.

2016-06-21 18:54:43

I agree.
And with the same payment of 1130 euros for the first 15 years at an assumed 2% interest rate, you have an outstanding debt after 15 years of about 167,000 euros. Even if the interest rate then rises to 5% and you (as above) repay 1200 euros, you will be done after another 14 years.
However, _I_ do not believe that the interest rates will rise that high.

Especially since with the same payment and 15 years you can also repay significantly more than 2%.

2016-06-21 22:36:40

Could you possibly enter the data from the last post into the Excel file? I am still interested to know if I have a fundamental misunderstanding there, Regards and thanks Jochen

Similar topics
12.03.2013	What is the maximum rate for a net salary of 3,000 euros?	24
18.04.2015	Is a building savings contract still worthwhile with the current interest rates?	10
22.07.2015	Young family wants to buy a house, but does the installment fit?	15
11.08.2015	What can I realistically afford as a rate?	51
14.12.2015	Does my rate match the salary?	38
22.06.2016	Is a TA loan sensible? Interest and loan offer are okay	13
14.08.2016	Quick Check of Construction Financing Conditions	32
03.09.2016	Interest rate / rate - bank calculation	16
13.12.2016	Realistic monthly rate	59
22.03.2017	Is a high first installment common in a payment plan?	23
25.10.2018	How do you take the interest into account from the purchase of the land until moving in?	59
11.11.2018	KFW negatively affects the rate. Still use it?	11
02.03.2022	How much remaining debt at 46 is okay?	40
06.07.2022	How secure is the collateralization of the remaining debt via a home savings contract?	17
17.07.2022	Single-family house: Is the rate realistic? How much house can we afford?	177
25.09.2022	Financing monthly installment €2500 with 40 years term	117
29.09.2022	High interest rates with fixed interest, alternative flex loans?	54
08.12.2022	New rate twice as high - experiences	107
06.03.2023	Is a building savings contract with a high outstanding debt sensible as partial security?	17
22.03.2024	Home purchase financing despite high interest rates?	24

Feedback on financing offer requested

Caspar2020

Jochen104

77.willo

Jochen104

77.willo

jochi79