Thank you very much first of all for the great answers.
My concern with the financing is simply that I am wondering whether, in just under 28 years as the bank calculates (at 2.39% for 15 years), the installments starting at just under 850-900 euros worry us less.
My renovation is hopefully well calculated for 50k. Since the upper floor doesn’t require as much work as the lower one. Now my offer from a savings bank, but still without the private 20k:
160k at 2.39% fixed for 15 years
Monthly just under 620 euros (repayment 2.4% I think)
50k KFW 124 1.75% and 2% repayment for 10 years.
In the 1st year 130 euros, then just under 200 euros.
Remaining debt KFW after 10 years: 39k
Remaining debt bank after 15 years: 90k.
However, I (by nature I am a pessimist) am afraid that I won’t be able to repay the remaining debt within a maximum of 15 years at a maximum of the same rate, because the interest rate will eventually rise...
I am just an insecure scaredy-cat, and bank advisors are always potentially only after my money for me.
The last one immediately wanted to include Wohnriester, but he couldn’t explain it 100% understandably.
What do you think about it?