Financing question for our construction project

I believe the question is whether the KFW loan is included in the 1000€.

Just for your information: we ultimately solved it by repaying the bank loan over 15 years every month (1,000 euros) and taking the KfW loan fixed for 10 years with interest-only payments. If there is any money left over at the end of the month or year, we make special repayments to the bank/KfW. This way we are as flexible as possible and the fixed monthly burden remains manageable if a salary is lost. Thanks for your suggestions!

As I understand it, he pays the 1,000 euros for the bank loan and only the interest for the KfW (i.e. deferral of principal repayment). However, after 10 years he must repay the entire KfW amount in one lump sum. Therefore, you should at least put the available money into the KfW loan as a special repayment, at least in part. Because: Unless interest rates develop positively for you after 10 years (i.e. decrease or stay the same), you will continue to pay the monthly rate of 1,000 euros for the bank loan. But if you already put all your money into special repayments for the bank loan – how do you intend to pay the due KfW amount in 10 years?

Off topic: Those who are currently refinancing will probably stone me for this statement: Calling a 15-year financing with an interest rate of 1.98% expensive – this only makes me shake my head. :rolleyes:

It's simple, we have been paying 1000 euros in credit to the bank every month for over 15 years. If there is any money left over, we will repay the expensive bank loan through special repayments. That way we are as flexible as possible...

And in 10 years, 50,000 euros will be due? Hopefully there will be some money left then ...

Or refinance cheaply *ahem ahem* or at the then applicable market interest rate

off topic: Those who are currently refinancing will probably stone me for the statement: With a 15-year financing at an interest rate of 1.98%

Humans are ungrateful by nature ;)
We also give the bank 10,000 euros because we just missed the low point.
Having or not having 10,000 euros is already one less year to repay.

Human beings are naturally ungrateful ;)
We also give the bank 10,000 euros because we narrowly missed the low point.
Having or not having 10,000 euros is already a year less to pay off.

You are completely right. Therefore, I can partially understand such comments.

Narrowly missed the low point knapp ;).
When I see that 1 1/4 years ago I got a rate of 3.17% for 15-year ZB - well: I always call that complaining at a high level.
Although even these 3.17% are still significantly better than the interest rates that were granted 2-3 (or more) years ago.