Increase repayment or top up building savings?

  • Erstellt am 2022-11-18 19:16:33

Bau123

2022-11-18 19:16:33
  • #1
Hello, my loan still runs for 7 years currently with 2% repayment, additionally I have a [Bausparvertrag] of 50000€. Now I have saved some money, and I am considering whether to put everything into my [Bausparer] or increase the repayment to 3% for the next 7 years. Can something be said about this in general?
 

kati1337

2022-11-18 20:12:27
  • #2
Without the information about the conditions of the loan and [Bausparer] as well as the remaining debt, it will be difficult to give you any advice here.
 

Bau123

2022-11-18 20:43:51
  • #3
Monthly rate €883 Interest rate 2.25% Repayment 2% over 15 years expires at the latest in 2032. Additionally, building society contract of €50k invested with fixed interest rate of 2.75% monthly rate €150 Remaining debt at the end of the fixed interest period €184,000 Is that enough?
 

nagner99

2022-11-18 21:30:30
  • #4
Definitely into the repayment.
 

HilfeHilfe

2022-11-19 07:01:26
  • #5
Off to the repayment, no questions there
 

JanCux20

2022-11-19 09:19:13
  • #6
If the credit interest on the building savings contract is higher than the loan interest on your current loan, then invest in the building savings contract. However, I dare to doubt that.
 

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