House Construction Financing (Patchwork Family)

I suspect that the 27% should actually be 2.7%. However, I also suspect that this interest rate fixed for 15 years cannot be achieved with the equity capital.

The topic of equity capital and lending value must be considered separately. Contrary to many assumptions, the interest rate is based not on the equity capital but on the lending value. In one of my last posts, I wrote more about this. You will probably find it if you are interested ;)

Even if it comes to 2.7%, you will be over 67 in 31 years, I would spontaneously advise "rather done," which, considering the sums, will likely be easy.

. 1. Education (or studies) are subject to maintenance obligations. Therefore, the period is somewhat longer. In addition, with this reasoning, the maintenance I have to pay would also cease. But you are right, a buffer is important, especially since children have higher claims as they grow older.

Correct, however, then your wife would also be obliged to pay maintenance in cash (from age 18). And the maintenance is then owed to the "child," as well as the child benefit. And if the dear little ones then decide to study away from home, the maintenance completely goes towards accommodation and food.

Of course, your maintenance would then also cease, so you would have more available. But I find it somewhat bold to calculate with just under €950, which the children are owed. Since you specifically addressed the patchwork situation in your title, I wanted to bring up this topic again. And to include nearly a thousand euros in the financing, which sooner or later predictably disappears, I find rather bold.

For us it’s the other way around, since my husband pays his children from his first marriage. And we have permanently calculated this maintenance out of the financing. However, we can adjust our repayment in between and will pay more when my husband is no longer obliged to pay maintenance.

I can imagine that you might not want to hear this, but it can – purely theoretically – also be the case that one of the children decides to move to the father. Then you would not only be missing the maintenance, but your wife would also have to pay maintenance.

: I will keep you updated regarding the interest rate. The two KFW loans of 50,000 euros each are well below 2.7%. And of course, "rather finished" is the declared goal. What do you mean by "which, considering the amounts, will probably simply be easy"?

@ Jaydee: Thank you for the hints. We have already thought about some of these things as well. These are all matters to keep in mind.

What do you mean by "which in view of the sums will probably simply be easy"?
That should have said: "which in view of the sums will probably not be easy"