Home financing with interest loan and Riester or without Riester

So I understood it that you are taking out the €290,000 at 1.41% and only paying interest on it. That will cost you about €41,000 in the end. You simultaneously take out the Bausparer for €290,000 and save into it over the 15 years until it is ready for allocation. The €2,900 fees are also deducted in the process. When it is then ready for allocation, it replaces the 15-year bank loan, which still has an outstanding balance of €290,000. Since you have already saved over €120,000 in the Bausparer after 15 years, you only have to repay the said €168.xxx at 2.2%. We also have such a component in our financing.

Exactly as you have explained it well. The variant with the KFW would have some unknowns.

If you pay off the 290,000 euros immediately and do not conclude a home savings contract, then the remaining debt after 15 years is only 122,000 euros.

Assuming 1.41%, installment incl. repayment 1100 / month

But if you repay the 290,000 euros immediately and do not take out a building savings contract, the outstanding debt after 15 years is only 122,000 euros.

Assuming 1.41%, rate incl. repayment 1,100 / month

Yes, that would definitely be more interesting than the 20 years. If the 1.0% for the follow-up financing were again possible in 15 years, only just under 6,000€ interest would be added. However, he does not have a guaranteed cap of 2.2% like with the building savings contract. Still, with continuing low interest rates, which one can almost assume, it would be significantly cheaper with total costs of 51,000€. If they have risen to, for example, 3% in 15 years, only 21,000€ interest would be added. That means total costs would be somewhere around 66,000€, which would still be manageable.
Now the only question is whether he gets the 1.41% interest on the entire loan for 15 years.

An annuity loan would unfortunately only be possible for the purchase price of the house [185,000€], the remaining amount would have to be financed differently. The interest rate would then also be 1.65%, and not 1.41%.

An annuity loan would unfortunately only be possible over the purchase price of the house, €185,000, the remaining amount would have to be financed differently.

Hey, why not this time? Isn't it possible to simply get two offers for the entire amount with one having a 15-year fixed interest period and the other a 20-year fixed interest period? As a single loan, without KfW, building savings contract, Riester, or any other gimmicks? You need something like this because these numbers are easy to understand and provide the best basis for comparison.

And why even a fixed interest period or constructions longer than 20 years? The children are very young, which means retirement is far away. They can extend the remaining sum by another 20 years in 20 years and still be done before retirement.