Is building a semi-detached house sensible despite low equity with a long loan term?

@Noelmaxim, you do realize that your "help" is not wanted here, right?

No, not at all! Quite the opposite!

@Noelmaxim: Actually, I hope for a bit of everything. We haven’t built that often yet – actually not at all. And above all, when it comes to the loan amount, we just prefer to hear independent opinions that might give us one or two important tips.

If you as an expert can point out any stumbling block in our current planning or regarding the current offer (639,000 euros [100,000 euros KfW153], 1.81% nominal interest rate, 30 years term), I would also be very glad!

I will gladly come back to that.

Which Max and which power of attorney are you talking about again????

I’d also like to know what troublemakers there are here.

I also don’t understand why people always have to lead off-topic “fundamental discussions” here again and again.

Do you always have to shoot crosswise here?

I didn’t address Max!! Rather....

So about the financing, I don’t want to say much or Max will start going off again here.

I’d also like to know what troublemakers there are here.
Do you always have to shoot crosswise here?

I want to point out that apparently the admin invited me instead of you, @HilfeHilfe, to a private message and definitely said that all squabbles should be settled via private message.
Therefore, you should also face the private message from @Noelmaxim.
Settle this among yourselves in private or avoid each other – otherwise, you will be banned!
And no, it’s no use now to start the whining tour accusing the other side and saying you are totally not at fault... No! The barrel is full!

But you still don’t stop!!

Don’t come here with social aspects. You who can find something good in even the worst financing and make everything possible. Commission in the background, the social aspect for the customer is secondary. Ridiculous.

Regarding the topic:

I find that Strahleman has planned his project well structured and thoughtfully and presented it here. Income fits, equity ratio is borderline but okay, reserves are available, and regarding construction costs he is eager to learn, informs himself and faces the costs.

From my point of view, he can put a checkmark behind the project, provided the costs can be confirmed.

The following improved financing compared to the current offer would be conceivable:

1) €100,000 / fixed for 10 years / nominal 0.75% / effective 0.78% / interest and repayment rate €319.83 / repayment 3.09% / construction interest-free period 1 year /

2) €50,000 / fixed for 10 years / nominal 0.95% / effective 0.98% / interest and repayment rate €194.22 / repayment 3.71% /
construction interest-free period 1 year

3) €489,000 / fixed for 20 years / nominal 1.59% / effective 1.62% / interest and repayment rate €1,515.90 / repayment 2.13% / special repayment option 5.00% / construction interest-free period 1 year / 3 free repayment rate change options between 2 and 5%

The sum of €489,000 can be divided into €300,000 at nominal 1.49% (only 3 months construction interest freedom, sum then used for purchase price payment at the beginning) and €189,000 at nominal 1.59%.

What is the plan for dealing with the outstanding €100,000 residual debt from the 10-year components?

I suggest running the €50,000 loan with a 15-year fixed interest period instead, so that not so much is due at once.

How is the plan to deal with the open €100,000 remaining debt from the 10-year modules? I suggest running the €50,000 loan with a 15-year fixed interest period instead, so that not so much is due at once.

Yes, it would be worth considering, but the Baukindergeld and the savings compared to his best model secure around €80,000 of the remaining debt after 10 years in a building savings contract, allowing a great mixed interest rate with KFW and building savings loan to be generated over about 22 years.

One of us is confusing something. I believe Strahlemann has neither children nor a building savings contract?

One of us is confusing something. I believe Strahlemann has neither children nor a building savings contract?

Z, yes, you are right, it is only planned for now

Well then, for the time being only the monthly interest savings can be paid into a building savings contract, but Strahlemann may have considered additional funds anyway, which would secure or reduce the outstanding debt of at least 100,000 euros.

So?

100,000.00 € / fixed for 10 years / nominal 0.50 % / effective 0.52 % / 308.75 € / repayment 3.205 % / interest-free construction period 1 year

489,000.00 € / fixed for 20 years / nominal 1.72 % / effective 1.75 % / 1,515.90 € / repayment 2 % / special repayment 5.00 % / interest-free construction period 12 months

50,000.00 € / fixed for 15 years / nominal 1.31 % / effective 1.33 % / 137.92 € / repayment 2 % / interest-free construction period 6 months

There is even a KfW subsidy included.