Financing offer evaluation and question about mixed interest rate

What kind of strange calculation is that?

if I repay 1% less, I pay more interest (1%) on this amount, i.e. 0.01% additional costs per year, over 15 years that is 0.15% additional costs. 0.15% of €200,000 is €3,000 over 15 years. Converted to a monthly amount that is not much, and with compound interest not much more either

if I pay back 1% less, I pay more interest (1%) on this amount, i.e. 0.01% additional costs/year, over 15 years that is 0.15% additional costs. 0.15% of €200,000 is €3,000/15 years. Converted to a monthly amount, that is not much, and with compound interest not much more either

The first thing that comes to my mind: have you heard of compound interest calculations?

First of all, one thing comes to mind: ever heard of compound interest calculation?

1.01^15 equals 1.61 but not over the entire 15 years, then the additional costs are just 2 beers/month

I will probably choose an annuity loan after all. I have now dealt a bit more with the topic and it seems to me that there are indeed a few pitfalls with the combo loan. It can certainly work well, but with this product it is also not guaranteed that the allocation will take place exactly at that time. Even if it is planned that way.

Roughly calculated, with 1% repayment and 1% interest, that is a 0.15% increase in interest, over 15 years on a €200,000 loan, €3,000 additional costs, i.e. not even a beer per month or not even 1 liter of diesel in 15 years

So where do you get these numbers from? Usually, it's rather 3% repayment and the loan here was also about 2.5 times as high.

I will probably choose an annuity loan after all. I have now dealt with the topic a bit more and it seems to me that there are indeed some pitfalls with the combination loan. It can certainly work out well, but with this product it is not guaranteed that the allocation will take place exactly at that time. Even if it is planned that way.

Absolutely. Every advisor tells you, allocation has so far always come at most 6 months late.

That may be, BUT: in recent years it was rather the case that interest rates gradually went down. This means the interest rates on the savings contract were higher than what you subsequently got on the market. As a result, many savers did not call up their contracts. If it goes the other way, it could quickly look different.

Regarding the above calculation with 1% repayment and 1% interest.... that is calculated so nicely that you can only shake your head! That 1% commission on the total amount isn’t even included yet.

When we financed our property back then, I really looked into savings contracts in detail and the advisors told me so much nonsense. But I kept asking until they had to "admit" quite a bit sheepishly.

Good decision with the annuity loan.

Mathematically, a 10-year fixed interest rate might be the best here, but we decided on 20 years at the house bank back then. It certainly costs us quite a bit more than through a credit broker, but somehow it just felt better to me. In my opinion, it simply depends on the type.