Financing Construction of Single-Family House - Component 1, Component 2, Fixed Interest Rate

Good morning!

We are currently planning the financing of our own home. Since my wife is currently on parental leave and therefore - apart from the parental allowance - only one income is available, we need to ensure that the initial monthly burden is lower.

We are planning with costs of €490,000 for everything. We have €165,000 equity. Of this, we are bringing in €130,000. We are keeping the rest back. On the one hand to repay a personal loan for a car early (which increases our monthly flexibility), on the other hand for a kitchen, possibly furniture, and moving costs.

Accordingly, we need to finance an amount of €360,000.
Baustein 1:
Kfw124. €50,000. 10 years fixed interest at 1.35% (special offer from the bank).
Baustein 2:
Kfw153. €100,000. 20 years fixed interest at 2.25%.
Baustein 3:
Bank XY. €210,000. 25 years fixed interest at 2.31%. 2% initial repayment.

Due to the grace years without repayment of the Baustein 2, we can achieve a currently low monthly rate. For the duration of the parental leave.

Baustein 1 can be almost completely repaid in 10 years. The balance of two building savings contracts should have reached nearly the amount of the residual debt in 10 years.

Does the structure make sense from your point of view? Are there alternatives?

Regards,
Sebastian

Once you have understood why no one can give you a meaningful answer here, you are already one step further...
Have a look at the pinned thread by Toxicmolotov.

Otherwise, there is also the possibility to include Tilgungssatzänderungsoptionen to meet your request.

Once you understand why no one here can give you a sensible answer, you are already one step further...
Take a look at the pinned thread by Toxicmolotov.

Otherwise, there is also the option to include repayment rate change options to meet your wishes.

It is probably just too early for me, but I haven’t seen any pinned post in this subforum?!

Is the financing as presented already secured?

I don't understand the pinned post either.

It is probably just too early for me, but I did not see a pinned post in this subforum?!

The necessary post is pinned under the general construction financing questions

Best regards, Yvonne