Loan with annuity loan and 2 linked building savings contracts

But if you do not properly maintain the building savings contracts (e.g. job loss or similar), you may end up without a building savings contract ready for allocation at the end of the fixed interest period.

Yes, and that is different with a normal annuity loan then?

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I have the same offer from Hypovereinsbank again for 15 years: then the interest rate is 1.85%.

The monthly payment would then be 1026 EUR (annuity loan) + 156 EUR (KFW loan) + 127 EUR building savings contract for the KFW loan = 1309 EUR for 15 years. However, the remaining debt would then be 214,000 EUR after 15 years. The 20-year option is preferable... don’t you think?

Unfortunately, the interest then becomes quite "unpleasant" directly. It's more like a 110% financing, so there are immediately severe interest surcharges.

I unfortunately don't understand the difference, since you are financing 110% anyway. Whether you split it into two loans or take it in one.

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I also have the same offer from HypoVereinsbank for 15 years: Then the interest rate is 1.85%.

The monthly burden would then be 1026 EUR (annuity loan) + 156 EUR (KFW loan) + 127 EUR building savings contract for the KFW loan = 1309 EUR for 15 years. However, the residual debt after 15 years would be 214,000 EUR. In that case, the 20-year option is preferable... don't you think?

You should get offers with the same rate. Otherwise, you are only comparing apples with oranges.

Unfortunately, I don't understand the difference, since you are financing 110% anyway. Whether you split it into two loans or take it as one.

HypoVereinsbank offers different interest rates if you combine the entire project with KFW and a home savings contract. A pure annuity loan would immediately have a significantly higher interest rate - that's what I meant. Many banks have a pure annuity loan even at 3%, and that is then too much.

You should get offers with the same rate. Otherwise, you are just comparing apples to oranges.

The installments at HypoVereinsbank for 15 and 20 years only differ by €50/month, which is not really much. Then rather 20 years...!?

But fundamentally I am still very undecided whether to go with the offer from the first post or one of the new ones from Hypo.

Best regards

HypoVereinsbank offers different interest rates if you combine the whole project with KFW and a building savings contract. A pure annuity loan would have a significantly higher interest rate right away – that's what I meant. Many banks even offer pure annuity loans at 3%, and that's then too much.

Have you inquired at other banks?

The installments at HypoVereinsbank for 15 and 20 years differ by only €50/month, which is not particularly much. Then better 20 years...!?

That is already €12,000 over 20 years without interest and compound interest effect => I would say that is a lot

But basically, I am still very undecided whether the offer from the 1st post or one of the new ones from Hypo.

And again my tip: Excel sheet, different variants => derive decision