Is the interest rate of the financing offer for the townhouse alright?

Hello, we have received a financing offer from our main bank for a newly built terraced house. The effective interest rate is 3% for 15 years. Is that OK? It seems a bit high to me. What effective interest rate do you have to pay for 15 years?

Regards

You have to provide a little more information. 3% can be bad in your case, but also good. What is the amount? What is the loan-to-value ratio? What is your income? Where is the building located? How much repayment are you paying? Is it a mixed interest rate? An annuity loan? KFW?

Koempy is right - without more detailed background information this cannot be judged.
However, I suspect, based on your postings in other threads, that the 3% might include some risk surcharges (self-employment, woman on parental leave, etc.).

Hi ok here are the answers

What is the amount? 220,000€
What is the mortgage lending value? 220,000€
What is your income? My wife is on parental leave. I earned 15,000€ as a sole proprietor in 2 quarters, i.e. 2,500 monthly in 2014.
Where is the building located? In Duisburg
How much amortization do you pay? The bank suggests 853€.
Is this a mixed interest rate? What exactly is that?
Annuity loan? What is meant by that?
KFW? Yes, as it is a Kfw 70 house

And here it is again.
You put a question out there without reasonable additional information and expect a serious answer.
You have to know all your other threads to be able to give a reasonable answer here. But these are so numerous that this is hardly possible anymore.
For one person, this interest rate might be a scandal - if they earn 7,500 euros net and have 3,000 euros freely available per month.
For others, this interest rate would be heaven - since they earn 2,000 euros net and have 500 euros freely available (as long as they don't get an immediate rejection).
Apart from 15 years ZB and 3 %, you provide no further info in this thread. Either you expect that everyone has read and internalized all your previous threads or you wish for a clairvoyant.
DocSchnaggls and Koempy have hit the nail on the head - without reasonable details, everything is just a guessing game.
Knowing your other threads (although over time I have probably forgotten about 50 % again) I can agree with @DocSchnaggls: PROBABLY there are various risk surcharges with the offer due to self-employment, your wife's parental leave, the hardly existing equity (if I remember correctly), the unclear income situation, etc.

Hi ok here are the answers

What is the amount? €220,000
What is the lending value? €220,000

That is then a 100% financing = little equity available and rather weak creditworthiness. Then the interest rate could be acceptable.