Is a combined building savings loan sensible?

The interest rates for such loans are currently not so bad, I admit I never seriously considered it.

Becky, you should definitely have the loan-to-value limits shown to you so that you can see how much more equity you need to get a better interest rate.

And then Caspar is, of course, right: do the calculations.

I received two very different interest rates from the same bank through two service providers with the same information. I really can't explain that. The only difference was that with the cheaper offer, I was asked in detail about the project, the equipment, etc. I suspect that this resulted in a different loan-to-value ratio.

Thanks for the tip! We once requested something like that as well, the total costs then amounted to €67,000. Just received the offer from [Sparkasse]: €400,000 with a 15-year fixed interest rate, debt-free after 15 years. 1.98% and total costs of €69,000.

But a high rate, right? You’re paying it off at 5.5%, aren’t you? When I look at the "financing calculators" from the internet, you could also go down to 5.0 or even 3.5% without the interest rate increasing. That doesn’t mean your option is bad. The interest rates are quite good for the conditions.

With the Immobilien Scout calculator, equity of €49,000 would get you an interest rate 0.5% better and reduce your total costs to about €60,000. You should be able to finance €19,000 as a loan for free use significantly cheaper than the difference.

And I stick to it: [Bausparkombinationen] are currently not sensible.

Yes, we have moved away from the Bausparkombimodell.

In the Sparkasse option, we would have a rate of €2,300 and a special repayment of €8,000 per year. We are already very satisfied with the offer, but the option with a small loan of €19,000 would of course be very interesting!