Winterkind
2016-07-15 09:03:52
- #1
Good morning everyone,
yesterday we went to the bank and have now come a step closer to financing. We want to build in the Munich surrounding area and have two considerations. Somehow my head is buzzing and I’m starting to not see the forest for the trees. Maybe you could give your two cents again :).
Which interest combination would be smarter ...
So the thought is:
1. I prefer to take a longer fixed interest rate with the bank, because more money simply has to be paid back there.
2. I prefer the longer fixed interest rate with KFW, because the interest rates there are great.
3. If I have 20 years with the bank, it’s difficult with large special repayments (who knows what will happen in 20 years).
We definitely want to take one loan for 20 years and one for 10 years.
I’m really very curious about your opinions. Thanks in advance!
yesterday we went to the bank and have now come a step closer to financing. We want to build in the Munich surrounding area and have two considerations. Somehow my head is buzzing and I’m starting to not see the forest for the trees. Maybe you could give your two cents again :).
Which interest combination would be smarter ...
[*]Option 1: Bank 1.45 % (10 years) 360,000 € + 100,000 KFW subsidy (20 years) 1.5 %
[*]Option 2: Bank approx. 2.5 % (20 years) 360,000 € + 100,000 KFW subsidy (10 years) 0.75 %
So the thought is:
1. I prefer to take a longer fixed interest rate with the bank, because more money simply has to be paid back there.
2. I prefer the longer fixed interest rate with KFW, because the interest rates there are great.
3. If I have 20 years with the bank, it’s difficult with large special repayments (who knows what will happen in 20 years).
We definitely want to take one loan for 20 years and one for 10 years.
I’m really very curious about your opinions. Thanks in advance!