Financing with a 35-year fixed interest rate

Ok, then I was right, that is indeed the one I have. I find that very unfortunate. In hindsight, I think I should have gone a bit higher with the rate. After 10 years, I still have about half left. But then I just have to set the money aside like that and then put it in there after 10 years.

Are you building to KfW standard? Then you can still obtain parts of the loan through the KfW, which always allows special repayments. You can then calmly pay off this sum with all possible cash flows or structure the follow-up loan accordingly. This assumes that their terms are worthwhile.

That has not been possible since April. The 153 now behaves like the 124.

KfW is out of the question for us anyway... with our current offer for 20 years fixed interest, we would still have about 160,000-170,000 remaining debt after the 20 years, if we do not make any special repayments at all

Hello thread starter,

What has it become for you now?

Greetings

Hello thread starter,

What did you end up deciding?

Greetings

Hi!

Together with our loan broker, we decided on the following option:
Loan amount €350,000
15 years fixed interest period
Interest rate approx. 1.8 %
Initial repayment 2 %
Repayment rate can be adjusted 2 times during the contract term (fixed interest period)
Annuity approx. €1,100
Annual special repayments up to a maximum of €17,000 possible

We had the so-called interest threshold calculated, meaning "at what interest increase in 15 years for a 5-year loan would longer fixed interest periods of 20 or 25 years be worthwhile with our individual offer?"
Since this was very high and we found it unlikely that this interest level would be reached again in 15 years (for a 5-year loan!), we decided on the rather short fixed interest period of 15 years.

So somewhat mathematically considered, but of course there is still a lot of speculation and hopefully luck involved. If the construction interest rises considerably in 10 years, at least we can pull the ripcord earlier through the special termination right and renegotiate.

Edit: I looked again in the documents. The calculated interest threshold for our offer in the comparison of 15 vs. 20 years was about 5 %.

Hello SenorRaul7,

Nice to receive feedback as well. Great, thanks! Some threads just fizzle out.

How well are you managing with your rate?

Best regards