Financing through building savings? I don't see the catch.

You can buy yourself free from the risk of interest rates after the fixed interest period. By repaying, repaying, repaying.

A fixed amount is available for interest and repayment. It is 1,250€ monthly. No special repayments are planned and they are not included.

It is opaque, not comprehensible, and that is intentional. Whoever calculates like that has something to hide. But I don’t want to talk anyone out of it, to each their own. I just have a natural aversion to such things.

That's exactly what I think, moreover there are many of these threads here, but there is never a concrete hint where something is hidden.
After repeated inquiries to determine the effective interest rate for the total financing, I only got the answer that he has no way to calculate that?! Please?

I prefer the classic annuity. And every banker in the family does the same.

Usually, the equity capital of the bankers I know is also double or triple as large, which results in a "more pleasant" interest rate for pure annuity loans. Bankers, after all ;).

Take your monthly budget, how far do you get with it? How much could you repay? The interest rate is not only dependent on the fixed interest period and the equity capital. A higher repayment rate, for example, can also push the interest rate down.
And over 3.7% is currently very high. Interest rates have been falling again since last week. It won’t be long until banks also pass this on in their branches.
20 years is also only reluctantly offered, therefore probably comparatively expensive.

To reach the financing costs of just under 100,000€ for an annuity loan of 250,000€ I gave in my post (repaid in less than 25 years),
a bank would have to give me an interest rate of 3.11% effective interest rate over a period of 23.5 years (repayment rate of 1,250€ monthly).
3.11% with my equity capital is impossible, according to an independent advisor.

The biggest slap comes in old age and the subsequent taxation of Wohnriester!

It does not apply in this case, since the Wohnriester subsidies are not used here. See my previous post.
Then I’ll keep looking for the needle in the haystack...

3.11% on my equity impossible, according to an independent advisor. She doesn’t apply in this case, as the grants from the Wohnriester are not being used here. See my previous post. Then I’ll keep searching for the needle in the haystack...

That’s nonsense. You withdraw from the Riester balance + loan (the loan part is future contributions including subsidies). You have to pay tax on everything afterwards. This is not a needle but a fact.

Hello.
There is news from the front.
I was at a banker from the family with my documents on Friday.
The following was the result:
1. There is nothing wrong with the complicated Riester building savings contract loan KFW financing plan. I pay the ~97,000€ financing costs for the specified period.
The statement that an annuity loan mix is always cheaper is not generally true.
2. Not a cent is retrospectively taxed if no government subsidies are claimed. I also did not use any government benefits.
Now comes the but:
3. The whole thing only works if the payment flows occur as stated.
If, for whatever reason, the repayment/savings would have to be reduced (even temporarily), the construct will collapse on me.
On the other hand, special payments do not have such a strong effect on the term and total financing costs. -> You are flexible, but with the mentioned consequences!

My current alternative with exactly the same payment flows as in the RBDK financing plan:
(With a loan-to-value of 88% AFTER deduction of a 10% safety discount)
Annuity loan, 190,000€, 3.5% nominal, fixed interest for 20 years, remaining debt: 35,531.61€ (minimal risk), follow-up financing again for 10 years with assumed 5.5%.
KfW153, 50,000€, 1.8% nominal, fixed interest for 10 years, remaining debt: 27,010.14€ (minimal risk), follow-up financing again for 4 years with assumed 5.5%.
Results in financing costs of 103,077.35€.
Negative: I pay 6,000€ more and have interest rate risk twice.
Positive: I understand the product and always know the consequences if the original schedule changes.
So for me the matter is clear now. I personally feel definitely more comfortable with the somewhat more expensive, "riskier" but more transparent and "flexible" product.
Anyone have an opinion on this?

Hello.

2. No cent will be taxed afterwards if no government subsidies are claimed. I didn’t use any government benefits either.
Now comes the but:

Hello.

well .... The Riester is based on government subsidies. That means you would only take out a Riester because of the Wohnriester? Without taking advantage of subsidies for you & your children? Without claiming it for tax purposes?

Then a Riester makes 0.0 sense and is too expensive to be included as a loan component.

I advise you to take the "seemingly" more expensive product. You have special repayment rights, a fixed interest rate for 20 years and the remaining balance of the KfW loan is also not immense enough to overwhelm you with interest rate risk.

Good luck!

It will become like that too...

The only thing you take with you is a better interest rate on the loan.
I think the bank receives bonuses when it sells Riester products. As an incentive, there are a few 0,something better conditions.
But for me, that still does not justify the RBDK financing plan.

Hello everyone, after endless running around and dozens of rejections from the banks ("the exclusive house does not fit the location", "secondary market utilization", etc.) we finally have financing. It is not perfect in every respect, but apparently even with 2 x A13 you can't always be picky...

290K€ needed to be financed, with total costs of about 410K€.

Our components: 1 x 77K€ Bauspar Wohnriester 15-year waiting period, 15-year repayment phase after allocation with 3% before and 3.25% after allocation 1 x 77K€ Bauspar Wohnriester 15-year waiting period, 10-year repayment phase after allocation with 3% before and 2.9% after allocation 1 x 86K€ 10-year annuity loan with 2.7% 1 x 50K€ KFW Energieeffizient at 1.9%

No question, certainly not an ideal thing compared to the previously requested models, but given the situation we can live well with it. We also know that we will now get slammed by you for this model, but throwing everything into a 10-year term was too risky for us considering family planning. We just wanted to write what it ended up being for us. And now: hit us with your critiques^^

Best, ViciousJake