Financing a single-family house approx. 450k - How to implement?

Say goodbye to the idea of wanting to pay 400-500k with 1000 euros. That’s 400 months even without interest.

Below 2% repayment, there aren’t many options without good reasons (e.g. guaranteed maturing life insurance).

I can understand your wish, but the bonus is just a bonus. And the economy can sometimes be bad. So I would avoid it alone out of self-interest.

I find the house alone too expensive at 300k. Others plan here with 200k, presumably with fewer m2.

You’re not serious about suggesting something like that given the amount, are you?

Of course I am serious. If 5% special repayment per year can be achieved, a 20-year term is nonsense. I hope you don’t need a pocket calculator for that. And the 400k could be financed with 1200€. Maybe even a bit less. Cost discipline and so on assumed. But that wasn’t asked for.

Of course, I’m serious. If 5% prepayment per year can be achieved, then 20 years fixed interest is nonsense. I hope you don’t need a pocket calculator for that. And the 400k could be financed with 1200€. Maybe a bit less. Cost discipline etc. assumed. But that wasn’t asked.

Then I assume you yourself have financed almost half a million over 10 years with 1% amortization?

I know the theory myself, but in practice you only have about 8.5 years of the 10-year fixed interest period. Who says he plans with 5% prepayment? The OP only calculates with 10k€. Then we might be at 5% interest in 10 years and that with a remaining debt of 280k€ (including annual prepayment of 10k€). Why should one risk that for 0.6% less? If one already wants to amortize at 1%, then the OP probably wouldn’t want to take this risk, right?

I don’t know many who financed such an amount like that. The one I know is already pissed off since the loan has been running for 2 years and the house still isn’t ready to move in or reported as completed to the bank.

So he’s paying interest on the withdrawn money plus commitment interest without amortizing.

The OP only calculates with €10k.

That is only half correct. I would like to "calculate" with as little as possible, but I expect to be able to pay off about €20-25k in special repayments per year. The planning with the bank should be kept as low as possible and be designed for about 30 years. At least that's my thought...

I myself actually also calculated like that at the beginning. In reality, this resulted in a 3% repayment on just under €420k divided over 20 years, 15 years, and 10 years (so 3 loans). Wanting and being allowed are actually two different things. So off to the bank