Is the interest rate for buying a house too high?

The profit lies in purchasing.
With the equity levels required today, 0.1% already makes a difference. Nevertheless, it is complaining on a high level.

What I mean is, don’t focus so much on the interest rates, but rather think about the other levers.

Is there still much to gain there? Combinations with building savings contracts are anyway suspicious to me, and with the annuity loan I end up with 120 KfW and 290-300 at the regular bank. Does it even make sense to split it up then?

Is there still that much to gain? Combinations with a home savings contract are suspicious to me anyway, and with an annuity loan I end up with 120 KfW and 290-300 at the regular bank. Does it even make sense to split it up?

The advantage is quite simple, you can either fully repay the freed amount in the other still running loans or not. You can take it to the extreme and do 5 years fixed interest for 50k, 10 years for 100k, etc., and take advantage of the interest benefit. Of course, only if you also have a high probability of fully repaying the loans at the end of the fixed interest period.

You don’t have this freedom if, for example, you have to repay €400k on block over 20 years with the same amount.

I would even go as far today as to say that I should have financed my €50k variably.

But will I really come out cheaper then? The flexibility not to repay further is rather not so important. There are still 35 years until retirement and the salary tends to increase. Naively, I would have just repaid everything at 3%.

But will I really come out cheaper then? The flexibility not to repay further is rather not so important. There are still 35 years until retirement and the salary tends to increase. I would have naively just repaid everything with 3%.

If you use the freed-up budget from the repaid loan for repayment, then yes. Ultimately, it is up to everyone themselves. Calculate both options for yourself. I have always liked to use the fmh repayment calculator for that. The leverage is mainly the special repayment in combination with the division of the loan amount. If you have not repaid the loan by the end of the fixed interest period so that the budget becomes free, then the advantage is obviously gone. If your goal is to be finished with it only at retirement and it does not bother you to pay, for example, 1600€ as a rate for the next 20 years, then it doesn’t matter. That is the disadvantage of a large loan: you repay, you make special repayments, and you also increase the repayment rate but those 1600€ monthly always remain. I personally don’t care that repayment and interest shift. But if a loan of 400€ falls away, I can decide whether from then on I pay only 1200€ or continue to pay 1600€ or save the 400€ and make another special repayment at the end of the year. I think it’s clearer now what I mean.

Does it even make sense to split it there?

Yes, of course. I also split into different lengths: 10, 15, and 20 years. It works quite well for me, as there is, for example, 10 years of Baukindergeld.