First financing offer

Doesn't anyone have an assessment or perhaps comparable values from recent times?

Best regards

I can gladly tell you our conditions. Will they be of any use to you? Every project is different, as is every personal situation – meaning creditworthiness. For example, we didn't even reach the dream equity amount in terms of size; it was merely "ok."

We financed through the financial broker Hüttig & Rompf at the Commerzbank, conditions are about two weeks old:

Main component 20 years fixed interest rate 2.42%, prepayment every year between €2,500 - €10,000, every year a free prepayment rate change option between 1% and 5% of the original loan amount

Additional components KfW energy-efficient building (KfW 70, still possible as building application was in 2015) with 1.4% for 10 years fixed interest rate and KfW homeownership program with 1.65% for 10 years fixed interest rate. The KfW70 component theoretically has unlimited prepayment rights, but we probably won't use it because prepayments will flow into the main component.

If we had taken the main component with only 15 years fixed interest rate, the rate would have been 2.05%. We didn't even look at shorter fixed interest periods as you listed above, because we won't be able to make the huge prepayments; that's more of an until-nearly-retirement thing, and therefore we wanted as long security as possible through long fixed interest periods – at least for the main component. And for the additional components, the remaining debt after the first fixed interest period is fairly manageable, so that the interest rate risk even at 6% interest in 10 years as a worst case was controllable.

The loan-to-value ratio actually makes it somewhat comparable. Without creditworthiness, there's no loan anyway. Loan-to-value ratio, fixed interest rate period, repayment rate - it should work with those parameters, right?

The lending value actually makes it somewhat comparable. Without creditworthiness, there is no loan anyway. Lending value, fixed interest period, repayment rate - with these parameters it should work, right?

Basically yes. However, we both probably do not really know how high the lending value determined by the bank for our respective property is. I assume we can at least roughly estimate ours as bankers, but not much more.

Just for comparison, our current offer:

5 years at 1.30%
10 years at 1.53%
15 years at 2.02%
variable at 1.40%

Key data:
- Loan-to-value 80%
- Repayment expected at a minimum of 1.5% - we are thinking of interest + repayment 4-5%
- Special repayment 5% annually included
- Total volume 325,000 EUR

We personally find the 10-year offer pretty good.

Can you freeze the variables at some point if you notice that interest rates are rising?

Variable I find excellent. On what basis are we adjusted?