Our financial situation - Your opinion?

What doesn’t really make sense to my husband, though, is that it’s not a real saving if I’m, for example, working towards the fireplace.

Apart from the fact that a fireplace doesn’t make sense with KFW40+, I’m using it here as a placeholder for pointless but nice/fun things. I think a lot of people also enjoy working towards something, saving, looking forward to something. Having everything from the start can also be boring. For me, it would quickly feel like I’m only working for the bank and not actually saving for the fireplace. And once the rate is 2200, it’s hard to go back down. Leaving out the fireplace or building it a few years later doesn’t hurt anyone (as long as there’s no hole in the wall and roof where it’s actually supposed to go). But everyone can and should do it however they enjoy it the most. You can afford it. Regarding the building savings contract: I would take a regular annuity loan. With your loan-to-value ratio, you should easily get something below 0.9 with a 20-year fixed term.

With your loan-to-value, something below 0.9 over 20 years should easily be possible.

Unfortunately not with a single bank, and we have been to several and countless brokers.


The two electric cars are INTENDED to be SUSTAINABLE for the house. It will definitely be like that two years after moving in...
Of course, I have to apply the same installment. The comparison to the annuity loan was made because only there the installment can be lower.
Why should I accept a residual debt of 78k with the same installment? With the other model, I have no need to make special repayments and can be sure of my installment until the end.

In addition, the Commerzbank was the only bank where we are allowed to use the entire borrowed capital BEFORE the equity. 12 months of free provisioning time also pass quickly...

Unfortunately not at a single bank and we visited several and countless brokers.

That surprises me. Don’t the banks recognize the property value? What was offered to you for 20 years?

In addition, Commerzbank was the only bank where we are allowed to use the entire external capital BEFORE the equity. 12 months of interest-free period also pass quickly...

The order doesn’t really matter. We only took nine months. Hopefully, the little that remains unpaid at the end won’t play a big role anymore. ;) Neither option would be worth 10k€ to me.

Well, I see it differently. The 550k loan and 200k equity also cover the garden, etc. I definitely won't implement that in the first 12 months. So if I use my 200k equity and, for example, 350k from the bank for the house, everything will work within one year. But the rest of the amount at the bank will not be possible within one year.

We were with the classic brokers, Ing, Interhyp, Mr Klein.
The result was never great, always about 1.2 or 1.3 for 20 years. Then we went personally to the banks.
Sparkasse 1.7% for 20 years
Volksbank even worse
Deutsche Bank 1.19% (I asked if they would match the Commerzbank offer, but they can't)
Commerzbank now 1% for 20 years

The banks each used the standard ground value of 155€/sqm. Market value is about double that.

I would like better offers.
Which bank should I go to? :-)

Well, I see it differently. The 550k loan and 200k equity also cover the garden, etc. I definitely won’t use that in the first 12 months. So if I use my 200k equity and for example 350k from the bank for the house, everything works within a year. But the remaining amount at the bank not within a year.

Basically, you have to calculate what is more expensive. Higher interest rate or commitment fee. And look again closely at the bank’s conditions, like when the equity has to be used, etc.

We went to the classic brokers, Ing, Interhyp, Mr Klein. The result was never great, always around 1.2 or 1.3 for 20 years. Then we went in person to the banks.

That really seems expensive to me, especially since the current yield on circulating bonds is so low. How recent are the offers? Do you have an offer from HVB? In comparison, the building savings contract construction doesn’t sound that bad if all fees and costs are really included in the mentioned 68k.