Fixed interest rate for the entire term or only 10 years?

2019-12-13 11:18:01

Yes, €500 are saved so that it is ready for allocation after 28 years.

So you save for 28 years and three months (the previous post says 18 years), you get no interest on the saved amount but always pay on the full loan amount (0.6% for 15 years and then 2%), and then the loan is paid off with the saved amount? Crazy suggestion and something like this CAN never be cheaper for you in life than the full repayment loan itself even with 1.8% interest. At least do option 1 and instead of this repayment suspension loan take a 30-year full repayment loan!!

2019-12-13 11:32:33

So you save for 28 years and three months (in the previous post it says 18 years), earn no interest on what you have saved but always pay full interest on the entire loan amount (15 years at 0.6% and afterwards 2%), and then use the savings to repay the loan? Crazy suggestion and such a thing CAN NEVER be cheaper for you in life than the full amortization loan itself even at 1.8% interest.
At least do option 1 and instead of this deferred repayment loan, take a 30-year full amortization loan!!

I save for 18 months and repay for about 12 years. A total of 29.5 years.

When I calculate an annuity loan with €250,000 and 1.8% over 30 years, I come to interest of €73,700. So it is more expensive than the €44,400 from the building society saver.

2019-12-13 11:50:26

If I calculate an annuity loan with €250,000 and 1.8% over 30 years, I come up with interest of €73,700. So it is more expensive than the €44,400 from the building society savings contract

And the regular full repayment loan is cheaper. Don’t get fixated on the building society contract – they’re almost always rubbish.

2019-12-13 11:53:17

And the regular full amortization loan is cheaper. Don’t get fixated on the building savings contract – they are almost always rubbish.

What do you mean by regular full amortization loan?

2019-12-13 12:22:35

What do you mean by normal full amortization loans?

A loan with the appropriate repayment so that you are done in 30 years. No repayment substitution, but a classic annuity loan without any frills.

2019-12-13 12:26:47

A loan with the appropriate repayment so that you are done in 30 years. No repayment substitute, but a classic annuity loan without any gimmicks.

Yes, I calculated that earlier. If I calculate an annuity loan with €250,000 and 1.8% over 30 years, I come to interest of €73,700. So it is more expensive than the €44,400 from the building society savings contract.

Similar topics
17.08.2013	Financing offer - Interest okay? Your opinion...	10
28.06.2015	Building a house - building savings contract with bad interest rates	23
12.09.2015	Repayment or Repayment + Home Savings Plan	10
28.11.2015	Building savings contract with advance loan versus annuity loan	13
17.02.2016	Loan with annuity loan and 2 linked building savings contracts	47
18.03.2016	Should you "almost empty" the building savings account?	13
28.05.2016	Annuity loan - Offered interest rates / Key points?	17
22.06.2016	Is a TA loan sensible? Interest and loan offer are okay	13
27.03.2017	Forward loan - Secure interest rates now?	53
18.08.2017	No building savings/little equity and construction/purchase plans in the near future?	18
18.01.2018	Annuity loan vs. home savings contract - comprehension questions	47
25.11.2022	Increase repayment or top up building savings?	20
22.03.2024	Home purchase financing despite high interest rates?	24

Fixed interest rate for the entire term or only 10 years?

Altai

Johanneslisa

nordanney

Johanneslisa

nordanney

Johanneslisa