Our financing offer

Hi everyone... first of all, thanks for the many tips and opinions.

I actually have no clue about financing. I learned two professions, but neither of them has anything to do with business

If I go to the financial advisor again now, what exactly do you think he should calculate for me?
Apparently, I should leave out the [Bausparvertrag]. I didn't quite understand why it's so bad, but whatever.

Fixed for 20 years. And after 11 years a higher rate, or did I misunderstand that?
Or just fixed for 20 years and then see what the remaining debt is and what the interest rates say in 20 years?

And with the [KFW]? 10 years with 0.75% or 20 years with 1.4%

By the way, the question about the offer is pure nonsense if you don't post any conditions.

??? I did name all the data, didn't I, or what do you mean?

e.g. conditions of the [Bausparvertrag]

So personally, I would not exclude the building savings contract immediately; maybe it’s also because I partly finance my house with a building savings contract.

I pay 50,000€ into the building savings contract over 10 years and receive 50,000€ in 10 years with 1.5% interest. The remaining debt of my loan will exceed the amount from the building savings contract by a minimal amount in 10 years, or with small special repayments, the amount from the building savings contract will match the remaining debt from the loan. Then you simply repay the 50,000€ from the building savings contract at 1.5% interest within 6 years, and then the story is over.

What I find interesting about the building savings contract is that you (at least with my bank) are very flexible. In the first year, I already increased the monthly "Sparsumme" twice without problems and made a special repayment. The "Sparsumme" could basically be changed monthly, and you could even skip payment for one or several months. Well, of course, you have to make sure that the building savings contract becomes eligible for allocation after 10 years; otherwise, that would be suboptimal.

For me, in summary, I can say the building savings contract is not bad and quite flexible. Mine is also very small at 50,000€ and only makes up "one quarter" of the amount to be financed.

e.g. conditions of the building savings contract

Well, I have mentioned everything the guy gave me. I don't have any more data. But if you add up the savings amount, it comes to more than 80k, so the rest must be fees and such. By the way, I wasn't the one who came up with my interest either; the financer told me that. And on that one slip from the building savings contract, the interest is listed right at the end. So everything seems to be correct (except for the missing KfW interest).

It is never wrong to double-check the numbers on the paper.