Home financing with interest loan and Riester or without Riester

I decided against Riester 4 years ago and used the company pension scheme instead. I save €240 monthly, of which €40 is an employer contribution, and net it costs me €100 less. I understand that this also means, among other things, less statutory pension insurance, but I calculated it and it was definitely better than Riester.

Hello How is your company pension scheme related to a home financing?

Hello from Saarland

We have now received some offers/variants from the financial advisor. Of course, many things are similar but with improved conditions and other options included.

Variant 1:
- Fixed-interest loan of €290,000 for 15 years at 1.41% (instead of 1.55), also at the Sparkasse, just a different city.
Amount €340.75
- Home savings contract (Bausparvertrag) of €290,000 with 2.2%
Amount €693.00
=> total per month €1034, after 15 years €1160

Variant 2:
- KFW 124 loan of €50,000, fixed for 10 years at 0.77%
In the first year, only interest is paid (maybe good because of double burden with apartment and house) and one only repays for 9 years, remaining debt then €33,000
Remaining debt could be reduced with saved child construction allowance (Baukindergeld)
Amount €190.00
- Fixed-interest loan of €240,000, fixed for 15 years at 1.41%
Amount €282
- Home savings contract of €240,000, rest analogous to variant 1
Amount €552
=> total per month €1024, from year 16 only €960 for the home savings contract

Variant 3:
- Annuity loan of €185,000 (only done based on the purchase price of the house)
20 years fixed, 1.65%, remaining debt €52,000
Amount €720
- KFW 124 of €50,000 from variant 2
Amount €190.00
- Remaining €55,000 fixed for 15 years at 1.41% and 3% repayment
Amount €202
=> total per month €1112

Riester was mentioned, he is generally rather negative about it because of the unknown parameters, my son can’t quite let go of it.
The conversation revealed that one can conclude the home savings contract with Riester and during the fixed interest period (I believe for variant 1) "collect" the subsidies and six months before maturity switch the home savings contract to a normal home savings contract without Riester and then take the accumulated sum + subsidies "without subsidy damage". That way, one would not have the uncertain taxation for Riester later.

I hope I have correctly reproduced this.

The annuity loan is higher than the other variants and according to my son will probably be discarded.
Regarding Riester, he has the idea to collect or invest his capital-forming benefits (VWL) + those of the boss, to later compensate for the deferred taxation during retirement.
For my son, a monthly rate as low as possible is important, even if in the end more money is paid overall.
They "live" for the next 20-30 years and as many have already said, when I am retired, then I will ... and for various reasons have not been able to do it anymore.

So now we have several variants again, which naturally also have to be evaluated :-((

Hope you can provide us with information and thoughts on the proposals (which we do not consider in our inexperience) and thus also help further.

Thanks in advance

The annuity loan is higher than the other options and is rather ruled out according to Sohn.

Not at all with the home financing. It's just a protection. I will receive a six-figure amount when I retire. If the house isn’t paid off by then, I can use it for that.