KFW loan - is it deducted from the loan amount?

Hello everyone,

a quick question:

Suppose I want to buy a house + land for 400,000 and have 25,000 equity. How exactly do I have to calculate now? (New build + owner-occupied)

50,000 Kfw 70/55
50,000 KfW Eigennutz
25,000 muscle power
275,000 via an annuity loan

Would the annuity loan now count as 70% loan-to-value or 98%?

Thanks a lot,

Haunt

hi,

so with us, all loans were combined for the calculation of the lending value. As far as I know, the financing bank is also liable for the [kfw Anteil] towards the [kfw Bank].

That probably varies from bank to bank, although in my experience (we are currently in the decision phase of buying a used property and are therefore already looking into financing options and have spoken to several banks and intermediaries) most banks combine the KfW loan with the annuity loan for the reason mentioned by booger. Currently, I have only one offer from the local Sparda-Bank (Göttingen, Sparda-Bank Hannover) where the KfW loan is not counted towards the loan-to-value ratio.

Hello,

I also have a question about that.. can you really combine the
50,000 KFW 70/55
50,000 KFW Eigennutz

?? I assumed you only get 50,000??

thanks

So if I haven't overlooked anything (if combinations of programs are excluded, it is stated in the respective conditions), one should be allowed to combine, for example, 124 (home ownership) with 153 (energy-efficient building).

Just checked again, for program 153 it says:
Combination with other subsidies

Combining with other subsidies is possible. The total of all subsidies must not exceed the total of your construction costs.
If you use a flat yourself, you can also use the "KfW Home Ownership Program (124)" for financing.

the programs are combinable.

after the 10 years fixed interest period, however, do not fall into the trap of continuing to calculate with the same low interest rate. Unless fully repaid, the follow-up interest rate is higher. I myself am speculating with 5-6% for the follow-up financing.

Attached are 2 useful Excel spreadsheets for calculations.