New KfW conditions from 04/2016

With full repayment, you get about 0.1 - 0.2% better conditions than if a remaining debt remains outstanding. Prepayments must be paid with about 0.1% (per 1% prepayment) -> just the information from the "Kredithai".

The KfW 153 loan can be repaid at any time without costs with a minimum amount of 1000 euros.

So a 20-year fixed interest rate with a 20-year term is indeed a full repayment loan and no residual debt should remain? Sounds more logical to me, too.

But there were different statements here. b54 vs ONeill/oleda222

I think I'll just call the KfW. They should be able to answer such questions at their hotline.

: Correct.

The maximum terms at KfW are always the point in time when the loan is fully repaid.

The indication of the fixed interest period is independent of that.

So 20/20 means you are done after 20 years, but the interest rate is fixed for 20 years as well.
With 20/30 you are done after 30 years, but for the last 10 years KfW makes you a new offer; or you finance the rest differently then.

Yes, the term is designed as a full repayment loan. Only in this way does it make sense, as you say. Thus, you can determine the rate.

Ok. That means if I want to secure the 1.31% (instead of 1.51%), I have to fully repay the 100,000€ in 20 years.

That means I end up somewhere around a monthly rate of approximately 495€ with the KfW.
- 100,000 €
- 5,000 KFW 55 repayment subsidy 9 months after completion
- 20 years fixed interest rate 1.31%
- 20 years term (full repayment)
- only 1 year repayment-free (with 2 or 3 years the rate would increase even more to fully repay)

If the nearly 500€ rate for the KfW leaves me not enough for a 3.00% repayment rate on the main loan (173,000€) monthly, I either have to accept the interest surcharge for repayment rates <3% there or increase my budget for the total rate, in other words move to the upper end of the comfort zone.

That should be possible but I would have preferred a total rate lower by 100€ and then possibly make special repayments (up to 5% on the main loan included).

I will ask the bank how high the interest surcharge is if we have, for example, only a 2.5% repayment rate. Maybe the surcharge isn’t that much.