Bauherren2014
2014-07-25 13:08:41
- #1
This whole construct is still a bit confusing at the moment. Have a detailed breakdown given to you again, showing how much you pay where, the total sum of the Bauspar contract, total costs, etc. I don't quite see through it yet.
Also make sure to get other offers: pure annuity loan, possibly KfW (although with the interest rate of the 124er it probably doesn’t necessarily pay off), possibly also a Bauspar variant. Usually the Bausparer (at least with current interest rates) does not bring any advantage, so compare carefully.
On the topic of special repayment: special repayment in the annuity loan is better placed than in the Bausparer (if you have the financial possibility to make special repayments), because your remaining debt becomes smaller and your risk as well if you have to refinance after 10 years. Maybe also have a version calculated with a longer fixed interest period. Increase repayment to reduce the remaining debt?
From an income perspective, the house is financially definitely feasible. But as always the same question: what about children? If your wife receives parental allowance or after parental leave can/wants to work only part-time, then it will become very tight. So definitely include this case (if children are desired) in your calculations.
Also make sure to get other offers: pure annuity loan, possibly KfW (although with the interest rate of the 124er it probably doesn’t necessarily pay off), possibly also a Bauspar variant. Usually the Bausparer (at least with current interest rates) does not bring any advantage, so compare carefully.
On the topic of special repayment: special repayment in the annuity loan is better placed than in the Bausparer (if you have the financial possibility to make special repayments), because your remaining debt becomes smaller and your risk as well if you have to refinance after 10 years. Maybe also have a version calculated with a longer fixed interest period. Increase repayment to reduce the remaining debt?
From an income perspective, the house is financially definitely feasible. But as always the same question: what about children? If your wife receives parental allowance or after parental leave can/wants to work only part-time, then it will become very tight. So definitely include this case (if children are desired) in your calculations.