Caspar2020
2016-07-05 13:25:40
- #1
I am building a KFW 40 house and will claim the subsidies here with 2 residential units amounting to 200K EUR. The interest rate here is 0.75% for 10 years, 1.3% for 20 years. The bank offers me to handle the first 10 years through a home savings contract (contract fee 1% of the loan amount) via KFW loans (0.75%) and to secure interest of 1.8% for the following 10 years, thus repaying the remaining amount after 10 years (repayment + interest about 1K EUR per month) of 90K EUR. What do you think about this? Handle everything via KFW with 1.3% interest over 20 years or accept the bank’s offer and fix 0.75% interest for the first 10 years and 1.8% interest for the following years? In option 2 with the bank, part of the repayment must flow into the home savings contract from year 2 to secure the interest for me.
It’s quite simple. With both models your bank advisor should be able to clearly tell you what the cost is. Didn’t he?
Did the bank even offer you pure KFW? Because there are many who don’t want that at all, since they don’t really earn anything from it. With the home savings contract he earned a nice commission.
Are you planning only 20 years, or longer repayment than 20 years? That is not really clear.