Good offer or wait for negative interest rates?

Hi everyone,

In the historical low-interest phase, the decision for financing is unfortunately not easy either. By the time the bank’s offer arrives, the interest rates have fallen again to some extent, and that in just a few weeks...

Therefore, I ask you to check the following offer – accept or wait until it goes even lower?

New build + granny flat including land: 460T
Equity: 70T

Offer:
- 50T KfW at 0.75% for 10 years
- 150T at 0.80% Wohnen mit Kind L-Bank for 10 years
- 250T at 1.5% for 15 years linked with a building savings contract that secures the remaining balance at about 2%.

Baukindergeld (currently 1 newborn ) is not included.

Monthly rate: €1280
Net income together approx. €4000 (without child benefits etc.)
Plus later rent of approx. €300-400

Thanks a lot for your assessment.

Best regards
Lennart

Correction:

Instead of 150K, it is 100K at 0.8% and the program is called Kombi Darlehen der L-Bank. Wohnen mit Kind are the 50K.

Monthly installment: 1280 € Net combined income approx. 4000€ (excluding child benefits etc.) Plus later rent of approx. 300-400 €

It's quite easy, where exactly is your problem/question?

What happens to the residual debts of the loans with 10 years? Are these [Volltilger]? However, the installment seems very low to me.

What happens to the residual debts of the 10-year loans? Are these full repayment loans? However, the rate seems very low to me.

No, the 10-year loans are hardly amortized so that the "expensive" 250K goes down and the building savings contract then also covers this amount.

That means after 10 years, about 116K remain that would have to be refinanced. Ideally, due to special repayments, child construction allowance, etc., it is somewhat less...

At 5% interest, it would be about 100 € additional burden; at 8%, about 400 €.

I think the risk would be manageable. The question that really concerns me: is the interest rate good or is there significantly better by now (the offer is about 4 weeks old...)

Just ask the bank for an update.