Have financing offers reviewed

Hello! You can easily enter annuity loans in an Excel sheet. I am happy to provide assistance.

Annuities are really easy to compare. You should consider how long you want the fixed interest period, otherwise the bank advisors will also calculate indefinitely. With "only" 2-2.5% repayment, I personally would definitely not stay under 15 years of fixed interest. Otherwise, it could possibly become expensive in 10 years. Whoever repays 4% (just as an example) is not affected as much by the interest increase from 2 to 3%, but those who repay two percent currently pay almost as much interest as repayment. This can be reversed in 10 years; then you pay for 5 years longer. You can do that, but you have to be aware of the risk. With the same repayment rate and term from different providers, you can see who is cheaper and who is more expensive by looking at the remaining debt. If you want more than 15 years of fixed interest, it gets quite difficult. The rates for pure annuity loans are currently quite high (compared to 15 years). A building savings contract [Bausparer] might be interesting. But in order for you to qualify for allocation in 15 years, you may have to pay higher rates.

Hello! You can wonderfully enter annuity loans into an Excel sheet. I can gladly offer help

Hello

I would gladly accept your help.
It would be nice to have a program that compares different annuity loans with each other.
How can I get such an Excel sheet?

Best regards, Nescool

Provision interest is usually not a problem with normal construction times of 6-9 months. It is charged on the undrawn loan amount as soon as the interest-free provision period (often between 6-12 months) has expired. Accordingly, for example, €100-400 for a few months.

No one can decide which fixed interest period you choose for you. The shorter the time, the greater the risk for you that the follow-up financing will be significantly more expensive. This risk cannot be quantified. Interest rates can be somewhere between 1 and 10% in 10 or 15 years. If they happen to be low, you win; if they happen to be high, you lose with shorter terms. Depending on how risk-averse you are, you then choose 15 or 20 years fixed interest. Since the surcharges for longer periods are currently relatively low, I would (especially with loan terms over 30 years) opt for a 20-year fixed interest period.

It would be nice to have a program that compares different annuity loans. How do I get such an Excel sheet?

A free option would be Open Office, as it has a spreadsheet program that can also open and edit Excel files.

I can gladly upload my Excel tonight, in which I recreated something like this. However, I am still at the company and therefore cannot access the file.