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

Hi ok here are the answers How much is the total amount? 220,000€ How much is the loan-to-value? 220,000€

So a 100% financing? => Surcharge no. 1

How much are your incomes? My wife is on parental leave. As a sole proprietor I earned 15,000€ in 2 quarters, that is 2,500 monthly in 2014.€

Really earned, so after deduction of taxes & all costs?

Where is the building located? In Duisburg

Duisburg is large and has different residential areas...

How much repayment do you pay? Bank suggests 853€.

3.8% repayment??? Or is that the total rate - i.e. interest & repayment???

Is that a mixed interest rate? What exactly is that? An annuity loan? What is meant by that?

Sorry, don’t be mad at me - but you should at least be familiar with the most basic terms from the financing world...

Hello sisqonrw,


Due to your ignorance, I have the following question for you:
What do the desired 220,000 Euros refer to? Does it really include all the costs incurred, or could it be that you have not yet factored in potential builder-side items, fees, other incidental construction costs, outdoor facilities, rainwater cistern?
You should urgently have this approved and checked to prevent a very tight financing from becoming a money pit, which some here have already warned you about.

And:
Anyone who wants to buy a house should first inform themselves about fundamental matters before asking the last questions in a forum.
The WWW is full of informational material about various loan types, alternatives, meanings of terms, and tips.
If a term is still not clear to you, e.g., how an annuity loan works (you should at least have heard or read about it), you can ask about it in the forum.
Be that as it may (I don't want to forbid anyone from asking questions here ):
At the latest after your visit to the house bank and the financing offer, the term annuity loan should come up and be explained by the advisor.
You should post your fundamental problem in the complex [Komplex] so that you can benefit from the answers.

P.s. By the way, a terrace roof is a small luxury.