Follow-up financing! How can it continue?

@hello Musketeer, the interest rate in the old building savings contract would be 4.75%. In 2005 I closed with 3.78%, after the allocation it would then be exactly these 4.75%. Good idea with the calculation of the effective interest rate, I will do that. But when I compare my many offers, I come out better regarding the interest to be paid. I pay 5000,- € less with the building savings contract than with the banks. Thanks to you Regards Avatar

Depending on the amount of the loan, refinancing can be sensible. However, for under 80-100K€, you should calculate precisely, because then the notary costs will eat up your interest savings again.

I find a 5000€ interest difference in favor of the building savings contract quite a lot, since the building savings contract tends to be rather more expensive. Especially with short terms. Are the remaining conditions identical? Term, installment, etc. Possibly also take another look at the conditions of the bank loans. Depending on the loan-to-value ratio, those are not great values either.

Hello Musketeer, according to the bank, no notary fees apply, but a transfer takes place which is regulated between the banks, costing me €118. Processing fee for the entire contract handling €800. These are the only costs. Yes, my loan amounts to the sum mentioned by you above.