Financing plan - sounds almost too good for us

Me again :) Why don’t you do it with 75,000 each, and the rest with Kfw153? Then everything should be fine?! Except for the objections from emer, if there should be anything to that.

By utopian I mean 4% for 20 years fixed interest. Actually, I really like the proposal we received. I am only confused that for the first 13 years you only pay interest and do not repay anything.@emerMy partner and I work in the same profession, for the same employer, and also earn the same. That is why I immediately halved the special repayments, as each of us would contribute equal parts. The 2000 is our self-imposed minimum for special repayments. In reality, it will probably be a bit more.

Just take an online calculator and compare your interest payments with those of a regular mortgage over a 20-year term (for example, we pay 3.09% for 20 years as well as KfW funds at 1.41% for 10 years). Please also consider the closing fees for the building savings contracts. In 80% of cases, the regular financing will be cheaper because you benefit from the effect of increasing repayment immediately and not only after 13 years. This is just an assumption (based on almost 20 years of experience in the real estate financing sector).

The problem is that local banks in Saxony hardly offer anything for 20 years at all and if they do, then at 4% and more. This is not an option here.

It's about a lot of money! Go to a financial broker (tips gladly via PM). But if you have extra or surplus money, then close the deal at your local bank. With the two BVS, the advisor or the bank earns a golden nose... Over 20 years, a tenth in the terms can mean a vacation in the Caribbean for you.

So if I haven't miscalculated, a normal loan would already need to have a very good interest rate to be cheaper.

What could be a disadvantage of this financing: flexibility, e.g. repayment adjustment. It would be bad if you had to reduce the savings rate for the [Bauspardarlehen], right?

Are the annual premiums really secure?