Is this financing offer good?

Hello,

We m29 and w32 plan to build a house of 140 sqm with land (rural) for €350,000 all in. That is the plan.
Current income €4,400 basic salary without bonuses etc.
Child is planned, 2 years parental leave then part-time. Income then approx. €3,600
We would contribute €50,000 equity and keep €30,000 reserve.

Financing requirement therefore €300,000

Divided into 3 parts.

1. €100,000
Interest 1.53% 10 years 2.7% repayment.
Reduction to 1% possible, special repayment 7.5%

Rate €352.78

2. €100,000 ([KFW])
Interest 2.45% 20 years repayment 2.37%
Special repayment unlimited.

Rate €401.67

3. €100,000 (building savings contract)
Interest 2.2% 15 years then 2.4% 15 years (30 years plannable)
After allocation special repayment etc. unlimited.

Rate: €403.33

Net: €1,157.78

No follow-up fees

Catch is we would have to build according to [kfw] standard. Additional costs approx. €8,000

Option B

Divided into 2 parts.

1. €200,000
Interest 1.84% 15 years repayment 2.6%
Special repayment 7.5%

Rate €735.67

2. €100,000 (building savings contract)
Interest 2.2% 15 years then 2.4% 15 years (30 years plannable)
After allocation special repayment etc. unlimited.

Rate €403.33

Net: €1,139

I would like to get an offer for financing without [Bausparer].

Do you simply mean a loan of €300,000 over 15 years? Or what kind of options are you thinking of?

I'm also not so sure what will happen with the interest rates, but my girlfriend would like a fixed interest rate for as long as possible.
That would be the "safe" option.

The €300,000 would be available under the same conditions as in point 1, option B

1.84% 15 years 5% special repayment

Yes, a normal loan for 15 years and then take KFW if it makes sense in terms of interest rates.

Take a look at the repayment calculator for [Baufinanzierung]. You can have some fun playing around and create a few scenarios. For example, what happens if you make an extra repayment of 2,000 euros per year. I wouldn’t choose 30 years. If you can, go for a 1,200 euro installment. Then you’re already at a total term of 26 years without any extra repayments. If you can then make an additional 2,500 per year, you’ll be under 22 years. So, as a tip, do a little calculating (playing around) and find a good way. And don’t agree to the 7.5% extra repayment, 5% is usually more than enough.