Loan with annuity loan and 2 linked building savings contracts

I would definitely get and compare counteroffers for long-term annuity loans instead of guessing interest rates here. If the allocation is later, even if the savings bank holds the interim loan (probably for sure, because then you don’t have to repay for longer), that is bad because you pay more interest instead of receiving it without repaying. You really have to compare the total costs until full repayment, and I would say that here the annuity loan would also win for me, even if it costs a few euros (somewhere in the high four-digit range) more, because the security is greater than with full repay loans (and you could switch after 10 years if interest rates go down).

It doesn’t matter what the thing is called, just call it the "Through the Knee into the Eye" loan.
Serious question: Why do you really want this interest rate certainty?

Why do you give the whole thing such a name?
Why wouldn’t someone want interest rate certainty? Especially now in the low interest rate phase, one should aim for this goal, don’t you think?

Regarding account management fees, I would ask again.
How are the building savings contracts credited in the saving phase?
Assuming an interest rate of 0.1%, you would have saved only 30% on building savings contract 1 after 15 years and 44% on building savings contract 2. Are these even allocated yet?!?!

Thank you, I will inquire about these points.
What I have now found out: The smaller building savings contract (€86,000) that covers the annuity loan is tariff "WR1" and the larger building savings contract for the preliminary loan is tariff "F12."

I found the following information about this (since unfortunately, no links can be added here...):
On the page of "deutsche-Bank-bauspar" under products there is the Förderbausparen-Flex (WR1) and the WohnBausparen (F12) once each. On their respective pages, you can see on the right under downloads "General Conditions for Building Savings Contracts."

When I look at the PDFs, I don’t quite understand how the minimum amount of saved contributions is calculated. This point is not made very clear there (in percent, for example).

@
You’re the next one addressing the point "costs." Apparently, I still haven’t fully understood exactly where the combination of annuity loan + building savings contract and preliminary loan + building savings contract costs us more (if you secure a low interest rate over the entire term) than a pure annuity loan over 30 years where we would then also pay much higher interest.

Apparently, I haven’t fully understood the argumentation.

Best regards & thanks for your effort!
Gatho

@ You are now the next one to address the point "Costs." Apparently, I still haven't fully understood exactly where the combination of annuity loan + building savings contract and forward loan + building savings contract costs us more (if you secure a low interest rate for the entire term) than a pure annuity loan over 30 years where we then pay much higher interest.

You always have to calculate what is cheaper (including all costs). The advantage of an annuity loan is that the interest portion always decreases and the repayment always increases. It can also be the case that despite a higher interest rate, the entire loan is cheaper than initially paying only interest and then repaying relatively quickly.

My point was that the name of something doesn't matter as long as the content is right. Do you remember the "artificial cheese," it also said cheese on it, but there was none inside.

I do see it differently indeed. And you still haven't provided an argument as to why interest rate security is so important.

So at least we have recognized one thing. Interest rate security costs money. A lot of money, to be exact. How much, you have to calculate yourself.

How about if this money was already invested in the repayment to reduce the balance that is actually at risk?

And, without being able to infer the future from the past, how often has the customer had a higher interest rate after 10 years since the introduction of the Euro than at the initial financing?

And now the most important point of all: what speaks in favor of rising interest rates in the next 10 years?

What I have found out now: The small building savings contract (€86,000) securing the annuity loan is the tariff "WR1" and the large building savings contract for the advance loan is the tariff "F12".

According to the information sheets, there really seems to be no account management fee. But first you pay a €5,376 closing fee!!!! With that, you could already pay off a considerable amount on an annuity loan. The €86k contract is a Riester contract. Pros and cons have already been discussed extensively here. There also seems to be no minimum building savings sum for both contracts. However, the valuation number must be reached at least three months before the loan expires. Your advisor should recalculate that precisely and give it to you in writing. Otherwise, once again the recommendation: Excel spreadsheet with different variants (including best- and worst-case scenarios) and compare the total costs.

It can also be the case that despite a higher interest rate, the entire loan is cheaper than initially just paying interest and then relatively quickly repaying principal.

Your profile states that you are a bank clerk. As a layperson, I want to ask you something now.

Can it actually be calculated that simply, as I have "tried"? As my own reference point?

I looked again at the initial post. All interest rates from the creator result in a blended rate of 2.09%. And over 20 years, according to the repayment calculator, he would pay about 103k in interest plus building society contract fees for 370k.

With an annuity loan, the interest rate over 20 years would be about 2.65% effective (Interest check Interhyp), and interest would be about 133k with this option. So 30k more.

Broken down per month, the rate for an annuity loan would be about 125 euros higher.

Or do I have a thinking error?