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.
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.