Is financing a new building feasible?

These items are already included in the 395,000. So furniture, kitchen, outdoor area, etc. And this amount includes a buffer of 10,000 for unforeseen expenses.

The price itself is fixed, the price from the developer is a fixed price (additional cost for the foundation due to the soil report is included), and for all other items there are concrete offers available (windows, doors, tiles, etc...).

Which building savings contract have you decided on?

What are the conditions for the 15-year annuity loan?

DB home savings with a 2.35% loan interest rate (or 1% if 50% is saved). In addition, an annuity loan with 2.15% and a 15-year fixed interest period. That was the cheapest offer, even Ing-Diba was more expensive.

This way we have 30 years of interest rate security (except KFW 124, where after 10 years there is still almost 30,000 EUR outstanding debt).

Please compare only the building savings contract of DB with the F60 of Signal.

1% credit interest, 2% loan interest, 30% required minimum savings, and low closing costs, since 1.6% on 50% of the payout amount, which means 0.8% on the building savings amount. In all 4 points, you should at least reconsider the building saver’s considerations.

Regarding financing, Ing.Ing-Diba can seriously not be the benchmark, especially not with high utilizations and KfW utilization.

Here as well, but this is absolutely coincidental, Signal currently has the best conditions. KfW is to be deducted from the lending value for the determination of the conditions. Accordingly, I come to lending utilizations for the loan with high utilizations that can be below 60%, so KfW 153 or 152 are additionally required. At least, I can deduct the 50,000 euros for program 124, which sometimes brings the lending utilization below 90% and thus into an acceptable conditions range.

Your annuity loan fixed for 15 years could have been generated at 1.69%.

I find that very, very unfortunate, because these are really worlds apart, just the building savings contract alone. Incredible, really unfortunate.

So, in the building savings contract F60 of Signal it states that I have to save at least 60% of the building savings amount. With a remaining debt of almost 130,000 EUR after 15 years, that is not feasible.

The 1.69% sounds interesting at first, but how is it with special repayments or repayment changes there? Where did you get this figure from? I couldn't find anything on the Signal website.

We have not finalized anything yet, so we are grateful for any ideas.

All banks informed us that the KfW portion is not deducted for the calculation of the loan-to-value ratio, so at 355,000/395,000 we end up at just under 89%.

But the offer from DB was the best of all those we inquired with (Volksbank, Spardabank, Postbank, Debeka)...