Financing offer with special repayment from my real estate agent

  • Erstellt am 2019-08-09 13:45:53
N

Nikitierchen

2019-08-10 08:11:02
  • #1
I have received it. 922€ monthly 1.43% 76000€ outstanding debt What would be the objection to the [bauspar] option?
 
H

HilfeHilfe

2019-08-10 08:34:08
  • #2


One would have to compare all costs + interest of both offers. I think 20 years is cheaper also because of the compound interest effect.

If I continue calculating €833 for 7 years, it almost corresponds to the €76k.
 
H

HilfeHilfe

2019-08-10 08:40:37
  • #3


I would ask again. I come to a €1,028 rate and €76k outstanding debt after 20 years:
 
H

HilfeHilfe

2019-08-10 08:41:37
  • #4
every additional €100 repayment in the installment reduces the remaining debt by approximately €26,000
 
N

Nikitierchen

2019-08-10 08:44:26
  • #5
I speculate that the interest rate will rise, and therefore I want to secure the interest rate of the [Bauspardarlehen]. And if the interest rate does not rise, I do not have to take the [Bauspardarlehen] and can continue to finance through a bank with possibly lower interest rates. At least that was my plan.

This way, I would definitely have to refinance with the risk that the interest rate might be at 4% with the regular loan.
 
H

HilfeHilfe

2019-08-10 08:47:39
  • #6
yes, I agree with you, but 100 € more repayment or 200 € more is not possible? then you have peace for 20 years just a thought
 

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