How do you find this financing offer?

Purchase price: 60000
Renovation costs: 36500
real estate transfer tax: 2100
notary: 1400
= 100,000 total costs

Equity capital 10,000 euros = 80,000 financing requirement

Proposal from German bank (3 loans):

LOAN No. 1:

KFW Home Ownership Program: 30,000 euros, 4.15% fixed interest rate, 15 years fixed repayment period, 4.22% effective annual interest rate, term 20 years = monthly repayment 190.84 euros

LOAN No. 2:

Deutsche Bank Pre-financing with building society: 30,000 euros, 4.40% fixed interest rate, 10 years and 9 months term, 4.71% effective annual interest rate = monthly interest and repayment 110.00 euros

LOAN No. 3:

KFW Residential Modernization: 20,833.00, 3.45% fixed interest rate, 10 years fixed repayment period, 4.04% effective annual interest rate, term 30 years = monthly repayment 94.96 euros

The monthly financing costs thus amount to 515.81 euros....

What do you think of this offer? Are there any disadvantages or advantages?

Thanks for your information....

Sorry 20,000 euros equity, I made a typo....

Hello Tina21082,

the conditions are acceptable, especially due to the high modernization amount (which not every bank considers as an increase in market value).

Best regards

M. Thiemann