Full repayment loan offer

Evening everyone,

I would like to check in the forum regarding my financing to see if it is a good or bad offer.

Offer Bank X:

Main loan Bank
293,000€

1.30 % nominal interest rate (1.32 % effective interest rate)
Repayment 2.84 %
Monthly rate from year 1
1010€

KFW 124
100,000€

0.75 % nominal interest rate (0.78 % effective interest rate)
Repayment 4.18 %
Monthly rate from year 4
411€

Rate from year 4 1421€

Equity contribution 26,000€

Property data:

Semi-detached house:
Valued by bank at 390,000€
Total loan plus equity 420,000€

What do you say?

Maybe one or the other has an idea of a better offer.

Is this offer acceptable, good or bad?
I am grateful for any info or tips

How long is the fixed interest period of the main loan?

How long is the fixed interest period of the main loan?

Sorry.

30 years

sorry.

30 years

Then that is a very good offer.

The loan-to-value ratio is quite high and the repayment can at best be described as normal. Therefore, it also makes sense to secure the interest rates here in the long term.

However, the KfW component will still have a significant remaining debt after 10 years.
Of course, interest accrues during the four years without repayments, which must be paid. Keep that in mind. (€62.50 p.m.)

Then this is a very good offer.

The loan-to-value ratio is quite high and the repayment can at best be described as normal. In this respect, it also makes sense to secure the interest rates here in the long term.

However, the KfW component will still have a significant residual debt after 10 years. Of course, interest accrues in the four repayment-free years that must be paid. Keep that in mind. (€62.50 per month)

Thank you very much for your feedback

Is it possible to get the KFW installment lower? Are there any options for that?

So if this is really a serious offer that has a chance of being approved, I wouldn’t hesitate long - possibly whether the entire KFW part can be included in the main loan. This is a 100% (or > 100%) financing. According to Biallo, 30 years at 60% loan-to-value ratio is at 1.4% (whether you get that is another matter), the interest rate feels like it is in the range of 20 years with 80% loan-to-value ratio.

Does the offer come from an intermediary or directly from the bank?