Is financing for a property okay like this?

Hello

Regarding the financing, I would calmly inquire with an intermediary in parallel. You have a good equity/income situation, so there should still be something possible.

Basically, it is worth considering holding back less equity for contingencies and choosing a fixed interest period of at least 15 years (preferably more). Allow for special repayments!

If you renovate, the KfW program for renovation might also be interesting.

Good luck!

Can anyone else say anything about the above-mentioned financing offers? Good/bad?

Hello,

the third offer is excluded due to the short fixed interest period - as you yourself already said. The other two offers each have their advantages and disadvantages.

Offer 1: big advantage: After 20 years the first loan is paid off - your monthly burden decreases. Since the house is no longer the newest, you would then have money to finance necessary repairs.

Disadvantage: The KfW has only a fixed interest period of 10 years. After that, you have an interest rate risk, which could result in an increase in the monthly rate. In addition, the total rate is about 50 euros per month higher for the first 20 years. Furthermore, no special repayments are possible with KfW 124 - only after the fixed interest period.


Offer 2: Advantages: The monthly rate is lower. If you use the 50 euros per month difference to offer 1 as a special repayment annually, you will finish faster than after 26 years. Another advantage is that you have the option of special repayments on the entire amount. An obvious disadvantage is that the interest rate on the entire amount is higher and the total term is longer. In addition, the monthly rate is fixed until the end of the term (apart from a possible change after the fixed interest period) - so it does not decrease after X years.

Two recommendations from me: 1. Get an offer from an "independent" financial advisor. Possibly he can still do something about the interest rates. 2. Keep your building savings contract and do not use it for the purchase. This way you can cover repairs that may arise later.