Financing New Construction Condominium KfW 55

... ok, after a long search in advance I have - of course after writing the question here in the forum - found the answer on the KfW website after all.

Sorry!

and do you still share them with the forum world?

and do you still share them with the forum world?

The repayment grant amounts to 15% of the loan sum. Maximum 18,000 EUR, as the maximum amount is 120,000 EUR.

I have now really received good offers from the bank. Between 0.8 and 1% (15/20 years) with slightly more equity usage than originally planned, but I had overestimated the equipment anyway.

So what is the external capital requirement now?

Sounds like a very good offer. Main bank?

Now I wonder, since the KfW loan has an interest rate of 0.95%, whether it wouldn't be better to take out less KfW loan than the maximum amount of €120,000.

You have to compare the effective interest rates and not the nominal interest rates. Definitely take the full €120,000 from the 153 program. The effective interest rate here is -0.31% p.a.!

The 124 program, on the other hand, is probably not attractive for you in terms of the bank conditions. Currently, there are 10 years at 0.77% p.a.

You have to compare the effective interest rates and not the nominal interest rates. Definitely take the full 120,000 EUR from the 153 program. The effective interest rate here is -0.31% p.a.! The 124 program, on the other hand, is probably not attractive for you in terms of bank conditions. Currently, there are 10 years at 0.77% p.a.

Good morning! Yes, I understood that, but at first I was not clear whether you have to take out the full 120,000 to receive the 18,000 subsidy. So, of course, it makes no sense other than to take out the 120,000. The offer comes from my house bank, yes. On my part, the ancillary purchase costs as well as about 15% from the equity are covered. That is how the offer is calculated.