House purchase full financing opinions on offer

Hello everyone,

my partner and I have been looking for a house for a while. We have already viewed various properties and have experienced one or the other "disaster," which unfortunately can’t be avoided. But now we may have found our "dream house." I am 32 years old and earn on average €2,400 net (salary fluctuates between €2,000-3,000) with a permanent contract. My partner is 29 years old and earns a fixed €1,200 net. We are not married yet but will be from next April. :)

We currently rent for €600 warm (cold €480) on 80 sqm. We just want something of our own.
About the property:

Low-energy house built in 2001
Living space 230 sqm including a granny flat
800 sqm plot
in very good condition
Location: approx. 5 km outside of Bad Neustadt a.d.Saale in Bavaria
Purchase price €200,000 plus €10,000 incidental costs (3.5% property transfer tax and notary)

We have an offer from Sparkasse:

€210,000 loan amount:

1. KFW 124: €50,000 2.8% interest fixed for 10 years term 20 years = €283
2. Sparkasse loan €160,000 3.4% interest fixed for 10 years term 28 years = €720

alternatively split loan from Sparkasse:
or €80,000 at 3.4% interest fixed for 10 years same term = €360
€80,000 at 3.1% interest fixed for 5 years same term = €340

What do you think is better?

Hello,

you receive the Kfw condition identically at every bank. The goal should be to repay the Kfw loan within 10 years.

The main loan is, in my opinion, too short given the interest rate level. You should also consider offering 15 - 20 years. The interest rate security is immense!

How about special repayment rights? Were you "talked into" a building savings contract? Also do not accept that.

I would advise you to contact a broker. For example, Interhyp. Many here have had good experiences with Interhyp.

Good luck!