Financing offer for a new semi-detached house - are the conditions okay?

Hello everyone,

We want to buy a semi-detached house that will be completed in 07/20. We visited a Sparkasse and were offered the following conditions, and we would like to know if they are good or if we should try to negotiate:

House costs: 349,000
Additional costs: 42,000
Equity capital: 42,000
Monthly net income: 3,984€
2 adults, 1 child
2 cars

The conditions:

Main loan: 249,000€
15 years fixed interest period
Nominal interest rate: 1.52
Effective annual interest rate: 1.55
Rate: 730.4

KFW 124
100,000 €
Interest: 0.75
Effective annual interest rate: 1.43
This is combined with an LBS home savings contract over 100,000 to secure the entire 25 years of the KfW.
Rate: 434.5

Monthly rate (total): 1,165 €

Sensible or better to keep looking?

Thank you all!!

For the main loan, it is 2% repayment, provided the installment is correct. That makes 37 years total term, which I consider questionable. I would adjust that again. Get an offer from another bank, for example, a 20-year term for the entire volume.

Some interest portion is missing though ... KfW or payment into [Bausparvertrag].

Some part of the advice is missing though ... KfW or deposit into building savings contract.

KfW 124
100,000 €
Interest: 0.75
Effective annual interest rate: 1.43
The whole combined with an LBS building savings contract over 100,000 to cover the entire 25 years of the KfW.
Rate: 434.5

Monthly rate (total): 1165 €

Sensible or better to keep looking around?

Thank you all!!

I would ask a broker again – Interhyp, Dr. Klein are probably the biggest ones. And then again at your house bank.