How do you take the interest into account from the purchase of the land until moving in?

That is only partially true, right? Normal loan interest applies to the money already drawn - or have I misunderstood this so far? Of course not from the beginning, but for every euro drawn.

That's correct, yes.

You can't estimate a sum here. It depends on the loan amount and the type of construction or payment drawdowns. Ideally, you already know your loan amount and have a payment schedule from a general contractor/general planner. Then it's easy to calculate. Otherwise, you have to make assumptions about when how much money will be drawn and round up a bit for safety.

1.5 years... here it would be worth questioning exactly what interval this figure refers to. From the purchase date of the land to moving in, we will have taken about 14-15 months. But with building with an architect, i.e. without any construction time guarantees and several months' delay in the approval phase.

Don't understand the question? You pay interest from the ongoing income, as well as the repayment when it begins. How else should it be?!?

The difference is the double burden while still living in the old property or renting. Planning a budget for [Bauzeitzinsen] is not a bad idea. It is definitely a four-figure amount.

Don’t understand the question? You pay interest from the ongoing income, as well as the repayment once it starts. How else should it be?!?

I’m totally with you. In 3.5 months we will start incurring commitment interest. It’s estimated that by then 50% of the loan will have been used. It just wasn’t foreseeable, as we wanted to start building in the spring. So it won’t start until next week. You can’t calculate it, and therefore inflating the loan doesn’t make sense either. What you can do is extend the interest-free period to 18 or 24 months. But you pay 0.1% or 0.2% more interest on the entire fixed-interest period for that. Whether that’s worth it, you have to calculate yourself.

I’m totally with you. In 3.5 months we’ll hit the commitment interest. It’s estimated that 50% of the loan will have been used by then. It just wasn’t foreseeable since we wanted to start building in spring. So it’s only starting next week. You can’t calculate it and that’s why inflating the loan doesn’t make sense.

You’re starting to build now and have already drawn half the loan despite 80% financing?

No, he will have utilized about 50% in 3.5 months. That fits with the imminent start of construction.