Franconia
2021-01-04 00:44:39
- #1
Hello dear ones.
Following situation:
Credit requirement: 530k
KFW:120k (18k grant)
I have an offer (TA loan with building savings contract) for signature, which consists of several components.
Loan 1:
188k on property 1, interest eff. 1.4 (0.94 nominal)
Fixed interest rate for 20 years
Paid off after 33 years
Loan 2:
328 on new build, interest eff. 1.31 (0.89 nominal)
Fixed interest rate for 20 years
Paid off after 33 years.
Loan 3:
KfW/outstanding balance after 10 years just under 68k
Question: is the offer good? We wanted a rate around 1900 (we have 1930 total now) and as little risk as possible. We have two mortgage-free existing properties, I am a civil servant, and our household net income is about 7500 net.
I am a bit uncertain whether an annuity loan would be more cost-effective with the same performance?
Thank you for your opinion and your input.
Franconia
Following situation:
Credit requirement: 530k
KFW:120k (18k grant)
I have an offer (TA loan with building savings contract) for signature, which consists of several components.
Loan 1:
188k on property 1, interest eff. 1.4 (0.94 nominal)
Fixed interest rate for 20 years
Paid off after 33 years
Loan 2:
328 on new build, interest eff. 1.31 (0.89 nominal)
Fixed interest rate for 20 years
Paid off after 33 years.
Loan 3:
KfW/outstanding balance after 10 years just under 68k
Question: is the offer good? We wanted a rate around 1900 (we have 1930 total now) and as little risk as possible. We have two mortgage-free existing properties, I am a civil servant, and our household net income is about 7500 net.
I am a bit uncertain whether an annuity loan would be more cost-effective with the same performance?
Thank you for your opinion and your input.
Franconia