Opinions on the following construction financing (DHW)

Hello, we are currently gathering information about whom we will ultimately finalize our construction financing with. We have now obtained offers from Sparkasse and Postbank (DHW), next week Allianz will also be added, as they are said to offer a special bonus for civil servants that sounds quite lucrative for a duration of up to 40 years with fixed interest rates.

The offer from DHW, for example, is split into several components, so it is naturally always very difficult to follow all the numbers and keep an overview. The advisor is an acquaintance, so I don't assume he wants to take advantage of us; I just wanted to get feedback and opinions on the following offer via the forum. I am attaching the offer as a file, maybe someone can say something about it and possibly give tips on what should be particularly noted.

Thank you very much in advance...

Best regards, Christian

Then tell me, what monthly payment did you have in mind? I see 1084.91 from August 2017.

And, financing for up to 40 years... how old are you?

oh yes sorry, of course I could have written that down right away...

So we both have a very solid income and have imagined that we can comfortably pay €1200 per month, the plan is actually to repay the loan in 25 to a maximum of 30 years.
From the loan amount of €280,000 you can basically deduct €20,000, this is our equity and with that we would directly pay the property transfer tax and the notary.

As mentioned, it would be interesting for us how to evaluate this offer from [DHW], are there any hidden costs lurking or can more be saved through another model, or is it indeed better to split such a loan into 4 components?

regards

From the loan amount of €280,000 you can basically deduct €20,000, this is our equity and with that we would directly pay the property transfer tax and the notary.

But you should have told that to your acquaintance. Something else might come out of it; the 4th component sounds like equity replacement; so basically 110% financing calculated.

Also, friendship aside. The commission will be in the low four-digit range. Always keep that in mind.

I rather see a problem that after 10 years there will be €110,000 outstanding debt with interest risk.

But you should have told your acquaintance that. Something else might come out of it; the 4th component sounds like equity replacement; so basically 110% financing calculated.

Also, friendship aside. The commission will be in the low four-figure range. Always keep that in mind.

I see a problem more in that after 10 years there will be 110,000 remaining debt with interest risk.

yes, as I said, it was just an example so that we have a few numbers black on white...

we have exactly these concerns with the 4th component as well, you just don't know what the interest rate will look like after 10 years, yes, it is a certain risk and still a certain amount outstanding!

The components 1&2 have the interest rate risk.

With the 2nd one, at least it could be mitigated because the 153 also exists with a 20-year fixed interest rate.

The 4th one is just bad because it probably does not fit your actual financing situation.

So if information/offers are obtained at all, it should be with the actual framework conditions. Everything else is comparing apples and oranges.

Besides, what kind of new building with KFW 55 or better is supposed to be available for that price?