Loan with an interest rate of 2.51% - Tips for financing

  • Erstellt am 2013-03-22 22:08:47

nordanney

2013-03-27 16:06:51
  • #1
I have now calculated the interest payments (without KFW):
240 T€ for 15 years = TEUR 110.5 interest!
after 15 years special repayment through building savings contract (400 EUR monthly *12*15= T€ 72) = TEUR 168 still to be financed
TEUR 168 at 2.75% and a repayment within 13Y/5M = TEUR 33.5 interest

Thus in this variant TEUR 144 interest.

A full borrower TEUR 240 in 25 years at an interest rate of 3.5% (market typical in this range) costs only TEUR 122 interest

What is the better alternative now??? With the saved TEUR 22 at least a used Boxter is possible :o

P.S. Without special repayments you will only be debt-free after 35 years, as the KfW loans still have to be serviced after 28 years. The full borrower with 3.8% interest for 30 years costs TEUR 165 interest over the term and is therefore out of consideration.
 

emer

2013-03-28 11:00:46
  • #2
Where does the indication of the payments starting from the 16th year come from? I wouldn't bet on these numbers.
Paying only interest for 15 years and then relying on a [Bausparer]?
The [KfW] loans are too long for me as well. You want 50k for 30 years and another 50k for 35 years? Very long for the money.
 

Bluebyte

2013-03-28 13:43:23
  • #3
The payments from the 16th year result from the [Bausparer]. They are therefore guaranteed. The only risk is the KFW, although I do not expect such a strong interest rate increase there as, for example, with a normal loan.

The 30 years are still okay, but the 35-year loan annoys me a bit. However, for the currently determined interest rate, only the 35-year term is possible. As far as I know, I can also make special repayments.
 

b0012sm

2013-04-12 15:02:09
  • #4
My favorite would be option 2
 

Musketier

2013-04-12 19:32:35
  • #5
Are the installments identical?
Comparing only the repaid principal with different monthly installments is nonsense.
Putting the [Bausparer] on hold if necessary sounds good, but it is very risky, as then the [Bausparer] might not be ready for allocation.
 

seppo

2013-04-27 23:02:47
  • #6


You should above all realize that special repayments are not a "nice to have," but the most profitable way for you to pay off your loan debt! Since the share of repayment increases exponentially over the term, this is the biggest lever to keep costs low and the total repayment amount large within the time.
Saving on the side is usually especially profitable for the bank, not for you. Because that reduces your possible leverage with the special repayment.
 

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